First DAO Vote Approaching for Jupiter

Jupiter has announced its first JUP lockup and DAO vote for the LFG Launchpad. A test run is set for Tuesday, March 5th at 10 AM EST, followed by the first official vote on Thursday, March 7th at 10 AM EST to select the first two launches on LFG.

Holders will be able to lock their JUP to receive voting power. They can initiate unlocking at any time, but it will take 30 days to complete. Since the system limits votes to one per wallet, holders who want to support multiple projects should distribute their holdings across several wallets.

Jupiter has allocated 100 million $JUP tokens and 75% of launchpad fees as rewards for governance participation to be distributed every quarter.