TechFlow news: Jupiter co-founder meow has posted a tweet introducing the J.U.P. initiative and product updates, along with the list of candidate projects for the initial platform launch.
Currently, Jupiter holds approximately 96,164,550.29 JUP and 69,927,955.07 USDC in liquidity positions, with plans to gradually withdraw USDC in the future.
The J.U.P. initiative includes the Jup.ag exchange, the JUP governance token, and the J.U.P. community, ecosystem working groups, and DAO.
To encourage DAO participation, all Launchpad fees collected in JUP (100 million JUP) will be distributed to governance participants as governance incentives over the first six months.
Jupiter also plans to introduce three original projects via social media and community channels to engage with the community, share their plans, and potentially launch their tokens.
