Founder of Jupiter: By selling only 250 million tokens, a new narrative that satisfies all parties' interests has been created

On February 1st, in response to the questioning of "the large-scale public sale of tokens on the day of Jupiter team's listing is disguised financing," meow, co-founder of Jupiter, stated on Discord that this is fair. The team only sold 250 million JUP tokens, but users had the opportunity to sell 1 billion tokens.

Subsequently, meow expressed on Twitter that they chose traditional OTC or regular IDO which might have obtained more funds. Nowadays, with this method, airdrop recipients can receive a large number of tokens and continuously sell them while potential buyers can ensure there is a large token reserve pool to absorb the massive selling pressure from airdrops. He pointed out that the team took risks assuming that there would be too much selling pressure from airdrops and insufficient demand causing prices to drop below 0.4; thus reducing the team's profits. The current pricing of JUP is determined by market behavior as the team has reduced their selling ratio from 20% to 5%, and now down to 2.5%.

Finally, meow believes that this is a good system that forces teams to price reasonably. They are not doing it just for themselves but striving to find a new "method" applicable to all teams.