BTC $81,777.08 +0.09%
ETH $2,403.53 +0.17%
BNB $745.45 +1.84%
XRP $1.31 -0.57%
SOL $104.44 +0.04%
TRX $0.3301 -0.11%
DOGE $0.0800 +0.93%
ADA $0.2165 +0.23%
BCH $284.27 +3.52%
LINK $12.04 +0.15%
HYPE $77.52 -0.52%
AAVE $147.72 +0.36%
SUI $0.9928 +1.42%
XLM $0.1766 -0.51%
ZEC $1,232.95 -0.67%
AAPL $347.83 +0.96%
AMZN $249.50 -3.18%
GOOGL $321.72 -2.54%
MSFT $519.69 -2.33%
META $642.86 -5.13%
NVDA $212.27 -2.16%
TSLA $373.03 -0.02%
SNDK $1,287.07 -2.08%
INTC $86.12 -2.39%
SPCX $148.25 -4.50%
MU $867.82 -1.37%
AMD $510.49 -2.81%
BTC $81,777.08 +0.09%
ETH $2,403.53 +0.17%
BNB $745.45 +1.84%
XRP $1.31 -0.57%
SOL $104.44 +0.04%
TRX $0.3301 -0.11%
DOGE $0.0800 +0.93%
ADA $0.2165 +0.23%
BCH $284.27 +3.52%
LINK $12.04 +0.15%
HYPE $77.52 -0.52%
AAVE $147.72 +0.36%
SUI $0.9928 +1.42%
XLM $0.1766 -0.51%
ZEC $1,232.95 -0.67%
AAPL $347.83 +0.96%
AMZN $249.50 -3.18%
GOOGL $321.72 -2.54%
MSFT $519.69 -2.33%
META $642.86 -5.13%
NVDA $212.27 -2.16%
TSLA $373.03 -0.02%
SNDK $1,287.07 -2.08%
INTC $86.12 -2.39%
SPCX $148.25 -4.50%
MU $867.82 -1.37%
AMD $510.49 -2.81%

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.

Related projects
app_icon
ChainCatcher Building the Web3 world with innovations.