TechFlow news, Jupiter co-founder Meow published a lengthy article, elaborating on Jupiter's vision and the significance of the $JUP token. Meow stated that Jupiter aims to build a comprehensive exchange, promote a unified mega-market, and accelerate the realization of a decentralized metaverse. In this process, the $JUP token is crucial as a core resource and alignment mechanism.
Meow emphasized that establishing and maintaining trust among early stakeholders is the key foundation for achieving this grand goal. To this end, Jupiter proposed the C.A.T (Certainty, Alignment, Transparency) principles, which provide certainty for token holders, align the interests among key stakeholders, and ensure transparency in token distribution.
Jupiter has taken several measures to implement the C.A.T principles, including a 50/50 token economics model, the 'Community Eats First' plan, DAO voting on key token measures, and the first real-time community audit in the crypto industry. Meow stated that these measures aim to avoid internal community confrontations (PvP) and instead promote collaboration (PPP).
Finally, Meow proposed the 'C.A.T Protocol' draft, committing to a public community audit of $JUP distribution every six months, 100% disclosure of token sales, three months' notice before token release, maintaining transparency of the treasury, and all community-distributed tokens decided by DAO voting.