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UNCHAINED: Jupiter Founder Meow to Critics of JUP Airdrop: ‘Give Me a Break’

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 2 February 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Meow responded to those who said that Jupiter unfairly enriched itself in the airdrop at the expense of the protocol’s community.  Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. While Solana DeFi protocol Jupiter staged what was by most measures a very successful airdrop launch on Wednesday, achieving a market cap of close to $800 million, the company’s critics pointed out numerous ways the company seemed to unfairly enrich itself in the process. While Jupiter’s founder, who goes by the pseudonym Meow, acknowledges he might have done some things differently, he finds the criticisms of the launch mostly based on “bad faith” and misinformation.   Meow joined Unchained to discuss the thinking behind the launch mechanics of JUP, how the prior launch of memecoin WEN served as a dry run for JUP, whether the aggressive pricing strategy of JUP was a mistake, and what he hopes to achieve with Jupiter next, including the possibility of enabling companies of all kinds to list themselves publicly on chain.  Show highlights: What Jupiter is and how it extends its functionality beyond mere token swapping What users are primarily utilizing the dollar-cost-average feature of Jupiter for Meow’s background in crypto and how he ended up in the Solana ecosystem Why a launchpad seemed the ideal choice for Jupiter's token launch What prompted the decision to release WEN, a memecoin, before launching JUP Meow's response to criticisms regarding the launchpad's mechanics Whether the aggressive pricing strategy for Jupiter was a misstep How Meow feels about being targeted for criticism What's on the horizon for Jupiter as a platform following the airdrop Thank you to our sponsors! Popcorn Network iTrustCapital Guest |    Meow, cofounder of Jupiter Links |  Unchained:  Pro-Ethereum Crowd Slams Solana-based Jupiter Airdrop as ‘Absolute Trash’ Jupiter Traders Claim Whopping 545 Million JUP Tokens in First 8 Hours of Airdrop Jupiter’s Airdropped Token JUP Debuts at a $878 Million Market Cap Breakpoint 2023 Meow conference The Block: Solana DEX aggregator Jupiter confirms token release date - Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Thanks for listening to Unchained, your No Hype Resource for All Things Crypto, on the Coin Desk podcast network.

0:06.5

You can also listen to the episodes on the Unchained feed earlier if you subscribe there.

0:11.7

Plus, check out all our content on our website, Unchained Crypto.com.

0:16.8

We have always been very clear.

0:18.2

You know, that we're going to do token cell.

0:19.9

Right.

0:20.3

So I think many of these criticisms came in, I feel like, you know, you know, high cutters,

0:24.7

you know, they fly by and they drop shit, you know?

0:27.7

It felt that way to me.

0:32.7

Hi, everyone. Welcome to Unchained, your no high resource for all things crypto.

0:36.7

I'm your host, Laura Shin,

0:38.5

author of The Cryptopians. I started gripping crypto eight years ago, and as a senior editor,

0:43.3

Forbes, was the first Main Tree Media reporter to cover credit currency full time. This is the February 2nd,

0:48.4

2024 episode of Unchained. With I Trust Capital, you can buy and sell crypto in a tax advantage retirement account.

0:55.9

Enjoy significant tax advantages, 24-7 access, and the industry's lowest fees.

1:01.7

VaultCraft is your no-code defy toolkit for customizing non-custodial automated yield products

1:07.1

on any EVM chain. Join the referral program today and start earning rewards. Learn more

1:13.3

at Valkraft.io. Today's guest is Meow, founder of Jupiter, a Dex Aggregation Protocol on Solana.

1:21.0

Welcome, Meow. Hello. Hello, Laura. Let's meet you. Congratulations on your successful

1:26.2

airdrop this week. It didn't seem to break anything.

1:29.2

And right out of the gate,

1:31.0

it gave your Dex Aggregation Protocol, Jupiter,

...

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