- Jupiter DEX announced it may launch 3 new tokens on its Solana launchpad – Sanctum, Sharky, and deBridge
- The Jupiter community will vote on whether to allow the token launches
- The vote will test Jupiter’s commitment to community governance as it evolves the launchpad process
Jupiter, a decentralized exchange (DEX) aggregator and launchpad on Solana, announced that it may launch at least three new tokens via its launchpad in the near future. Jupiter’s founder, known as Meow, outlined the three original Solana projects seeking to debut tokens through Jupiter’s LFG Launchpad.
Projects Seeking Jupiter Launchpad
The three projects include:
- Sanctum – A liquid staking service
- Sharky – A platform for NFT-backed loans
- deBridge – An infrastructure provider for cross-chain digital asset trading
Over the next two weeks, these projects will introduce themselves to the Jupiter community through town halls and social media. The Jupiter community will then vote on whether to allow the projects to launch on the LFG Launchpad.
Community Vote Required for Launch
Meow emphasized that the Jupiter community, not the leadership team, will control the approval process. As Meow wrote, “It is crucial to remember that LFG is a community initiative. The team should play NO ROLE in deciding if a project is suitable to be launched.”
While the initial projects were selected by Jupiter’s team, Meow did not clarify whether the community can nominate projects in the future. This caused some confusion following tensions around the recent JUP token launch.
Conclusion
The vote will be an important test of Jupiter’s commitment to community governance. Allowing token launches through the LFG Launchpad could significantly boost the ecosystem. However, the process will likely evolve to give more control to Jupiter’s community members.
