Posted 3/7/2024, 8:56:03 PM
Jupiter Token Surges as Holders Stake $123M to Vote on Solana Project Launch
- Jupiter's native token JUP surges 35% as holders stake $123M to vote on next project launch via Jupiter's LFG launchpad
- Jupiter debuts community governance initiative where token holders can vote on which project gets to launch on LFG
- JUP holders must stake tokens to vote; more tokens staked means more voting power
- Voters stand to earn rewards of 100M JUP tokens + 75% of future LFG launchpad fees
- 6 Solana projects are competing, with SharkyFi currently in the lead with 39% of adjusted votes
