anymose🐦‍⬛
anymose🐦‍⬛|Mar 09, 2025 03:08
Are you envious of a monthly salary of 89.7k JUP+USDC? The recent @ JupiterExchange vote has caused a huge uproar, a big wave! This has also led to JUP's recent price falling one step below ATL. What exactly happened? Let's sneak in! ⬇️ one ️⃣ How much salary should be paid Jupiter has acquired a team of approximately 65 people, including @ moonshot and @ Sonarwatch, who are required to receive salaries. In the vote, in addition to providing these individuals with a basic salary of USDC, it was also proposed to allocate 280m JUPs as salaries, to be released over four years. Let's quickly perform elementary school math calculations: 280m / 4 / 12 / 65 ≈ 89.7k The current JUP price is 0.55, continue to convert it: 50000 dollars per month! Please note that this does not include basic salary. The situation is very fragmented now, and some people believe that if they want to do awesome things, they should hire awesome people, including Penguin boss @ LucaNetz who also supports it. Another group of people believe that this is a blatant embezzlement of national treasury assets, or at least should be transparent about the abilities, backgrounds, and reasons why these 65 people are worth so much. I think looking at the average alone is really excessive, but the average often cannot be evaluated. It cannot be ruled out that the executives and technical geniuses acquired from within have annual salaries of several million US dollars. Overall, it is true that you get what you pay for. @Yuyue_chris mentioned the basic salary range in the cryptocurrency industry: Interns: 1000~2000u ▰ Junior:2000 ~ 6000u ▰ Senior:6000 ~ 12000u BD performance driven by KPI bonus ▰ Head of XXX:12000 ~ 20000u(+ token share) Senior devrel is equivalent to head of xxx ▰ C level:20000u+(+ token share) Based on this comparison, Jupiter's salary is indeed high, but it is not particularly outrageous. two ️⃣ How is the salary paid The amount of salary to be paid is already highly controversial, and how to pay it will trigger another major controversy. Where did 280m JUPs come from? There are three proposals for voting: The team's national treasury reserves come and go@ Weremeow's personal JUP was originally planned to be unlocked starting in 2026 @ weremeow is coming out, but we need to lock up our position until 2030, and we will give meow 220m JUP rewards upon expiration Abstention It depends on how you interpret this thing. I understand that Meow is to express his determination to build JUP in the long term. So this part of the cost can be borne by him personally, but if he builds and locks it, should he also be rewarded? Alternatively, the team can directly reserve and Meow's own Jup can continue to lock up until 2026. That works too. One is longer-term planning, and the other is unlocking that needs to be faced in the short term. After countless discussions and controversies, Jupiter added another one: abstention. The Mila Coin scandal, JUP official promotion, founder Twitter theft, 700 million token airdrops, and 280 million token paychecks have caused Solana's first dex aggregator platform coin JUP to drop by 60% in three months due to a series of operations. Who are you standing for this time? I invested in motivating Meow to build long-term. Bullish people need even more awesome treatment to motivate them. I hope he can fulfill his promise of JUP 5 in 2030, and I am also willing to go to the appointment together. The above is for personal understanding only and does not have any investment reference value. Please remember to always use DYOR!
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