Scan to download
BTC $75,811.81 -0.56%
ETH $2,332.80 -1.37%
BNB $626.09 -1.25%
XRP $1.43 -0.66%
SOL $86.10 -0.85%
TRX $0.3338 +1.15%
DOGE $0.0948 -1.45%
ADA $0.2480 -1.32%
BCH $442.16 -1.02%
LINK $9.26 -1.57%
HYPE $43.46 -2.18%
AAVE $91.88 -18.69%
SUI $0.9590 -0.97%
XLM $0.1713 +0.33%
ZEC $323.55 -0.61%
BTC $75,811.81 -0.56%
ETH $2,332.80 -1.37%
BNB $626.09 -1.25%
XRP $1.43 -0.66%
SOL $86.10 -0.85%
TRX $0.3338 +1.15%
DOGE $0.0948 -1.45%
ADA $0.2480 -1.32%
BCH $442.16 -1.02%
LINK $9.26 -1.57%
HYPE $43.46 -2.18%
AAVE $91.88 -18.69%
SUI $0.9590 -0.97%
XLM $0.1713 +0.33%
ZEC $323.55 -0.61%

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
Collection

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.

app_icon
ChainCatcher Building the Web3 world with innovations.