TechFlow news: On February 1, in response to criticism questioning whether "Jupiter team's large-scale public token sale on listing day constitutes disguised fundraising," Jupiter co-founder meow stated in Discord that it is fair—the team is only selling 250 million JUP tokens, while users have the opportunity to sell 1 billion tokens.
Later, meow posted on Twitter that they could have raised more funds through traditional OTC deals or a standard IDO. However, with this current approach, airdrop recipients receive substantial tokens and continuously sell them, while potential buyers are assured of a large token reserve pool capable of absorbing the massive selling pressure from the airdrop. He pointed out that the team is taking on risk—should the selling pressure from the airdrop be too great and demand insufficient, causing the price to drop below $0.4, the team’s revenue would decrease. Current JUP pricing reflects market dynamics; the team has already reduced its selling allocation from 20% to 5%, and further down to 2.5%.
Finally, meow believes this is a good system that forces teams to price reasonably. They're not doing this just for themselves but are actively working to develop a new "methodology" suitable for all project teams!
