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ETH $1,882.49 +0.40%
BNB $608.90 +0.44%
XRP $1.00 +1.02%
SOL $75.56 +0.68%
TRX $0.3310 -0.34%
DOGE $0.0698 +0.18%
ADA $0.1773 -0.71%
BCH $203.37 -0.05%
LINK $9.55 +6.82%
HYPE $57.05 +1.51%
AAVE $86.60 +1.51%
SUI $0.6798 +0.61%
XLM $0.1585 +1.25%
ZEC $488.86 -0.24%

Jupiter's performance on Reddit has fallen short of expectations, and the founder stated that most of the funds have been returned to the DAO

2024-08-23 13:52:36

ChainCatcher message, @RequiemSolana pointed out on social media that the JUP holders of the Jupiter platform voted in May this year to approve a "Reddit Working Group" proposal, which is dedicated to empowering the Jupiter community and conducting public relations operations for the platform on Reddit. The budget was $68,000 per quarter (equivalent to $272,000 per year). However, four months later, the subreddit operated by the working group has only 6 active users, including the administrators, with an average of 1 comment. This represents a customer acquisition cost of $11,000 per user, with extremely low engagement.

Jupiter founder Meow later replied that the working group has actually ceased operations and has refunded $45,000 of unused funds to the DAO (which will be officially announced soon). The working group did actually make many interesting and meaningful attempts.

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