@RequiemSolana posted on social media that JUP holders of the Jupiter platform voted and approved a proposal for a "Reddit Working Group" in May this year to empower the Jupiter community and conduct PR operations for the platform on Reddit. The budget is $68,000 per quarter (equivalent to $272,000 per year). However, 4 months later, the subreddit run by the working group has only 6 active users, including admins, with an average comment count of 1. This represents a cost of $11,000 per user and extremely low engagement.
Jupiter founder Meow later replied that the working group has effectively ceased operations and has returned $45,000 of unused funds to the DAO (which will be officially announced soon). The working group has actually made a lot of interesting and meaningful attempts.
Jupiter's operating results on Reddit fell far short of expectations, and the founders returned most of their funds to the DAO.
2024-08-23 05:50:10
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