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ETH $2,485.61 -0.51%
BNB $742.79 -0.41%
XRP $1.39 -0.84%
SOL $103.22 -1.74%
TRX $0.3348 -0.19%
DOGE $0.0898 +0.65%
ADA $0.2183 -0.54%
BCH $258.52 +1.21%
LINK $12.63 -2.99%
HYPE $84.04 -2.68%
AAVE $130.99 -1.98%
SUI $0.8261 +3.95%
XLM $0.1894 +1.23%
ZEC $1,129.00 -4.97%

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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