Jupiter DAO Launch: Pioneering Growth with $137 Million Investment

The #Solana based decentralized exchange, Jupiter, is committing a substantial investment to initiate its Jupiter DAO, consisting of $10 million in USD Coin (USDC) and 100 million #JCP tokens, totaling $137 million in value at the announcement time. This financial backing is aimed at empowering the DAO to finance innovative projects using USDC and incentivize long-term engagement through JCP tokens. Developers emphasized the importance of this allocation for supporting contributions and aligning incentives with the Jupiter community, stating that the #DAO is equipped to fund projects and maintain alignment with contributors' interests through these resources. They further highlighted a commitment to annually replenish the fund to ensure the DAO's long-term operational capacity.
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