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Jupiter Explores Next Launchpad Token Candidates

2024/02/08 23:44

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TL;DR
1.Meow of Jupiter prioritizes community input for token selection, showcasing decentralization.
2.Jupiter to unveil chosen projects; Jupiter DAO launch nears for project evaluation and grants.
3.Meow assures transparency, closes JUP token launch pool to stabilize prices.
4.Jupiter fosters Solana ecosystem, JUP trades at $0.54.

Solana's DEX aggregator Jupiter unveils potential candidates for its LFG launchpad, spotlighting three "OG" Solana projects: Sanctum, Sharky, and deBridge.

Community-Driven Selection Process

Jupiter's founder, Meow, emphasizes community involvement in selecting launchpad tokens. A community governance vote will decide the tokens suitable for launch, showcasing Jupiter's commitment to decentralization.

Upcoming Initiatives

Jupiter plans to introduce the selected projects through various channels over the next two weeks. Additionally, the launch of the Jupiter DAO is on the horizon, aiming to evaluate projects, approve grants, and allocate governance incentives.

Addressing Controversy

Despite some controversy surrounding JUP's token launch pool, Meow assures transparency and announces the closure of the pool. This move aims to stabilize price swings and facilitate price discovery for JUP.

Looking Ahead

With ongoing developments and community involvement, Jupiter aims to foster a vibrant ecosystem on Solana, offering opportunities for new projects and governance participation.

JUP's current trading price stands at $0.54, reflecting ongoing market dynamics.

JUP/USD price chart. Image:The Block/TradingView.

Conclusion：Jupiter reveals LFG launchpad candidates

Jupiter, Solana's DEX aggregator, unveils potential candidates for its LFG launchpad: Sanctum, Sharky, and deBridge. Founder Meow emphasizes community involvement in selecting launchpad tokens, showcasing Jupiter's commitment to decentralization. Upcoming initiatives include introducing selected projects and launching the Jupiter DAO. Despite controversy surrounding JUP's token launch pool, transparency measures are taken to stabilize price swings. With ongoing developments and community involvement, Jupiter aims to foster a vibrant Solana ecosystem.

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