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.

Second Captains St Stephen's Day Special