Jupiter announces 700M JUP tokens airdrop event in January
Decentralized exchange (DEX) aggregator Jupiter plans to expand its token distribution through an airdrop event called "Jupuary."
Jupuary 2025 🪐
— Jupiter Uplink (@jup_uplink) December 26, 2024
Here is the first Overview of the upcoming Jupuary distribution.
Team decided to go with a split between Users & Stakers and Carrots & Good Cats.
This way we are trying to appreciate everyone in the Jupiverse!
Note: This is a Draft, Subject to change 💡 pic.twitter.com/mbGNy3QxSe
Jupiter, which was introduced in October 2021 under the alias "Meow," aggregates liquidity from different DEXs on Solana to guarantee that users find favorable rates for token swaps. It also provides a trading product for perpetuals.
Jupiter airdrop event to take place in January 2025
According to an already-taken snapshot, the project will distribute 700 million JUP tokens, or $580 million, to users, stakeholders, and contributors in January. The Jupiter team is still working out the specific requirements for the airdrop, and the community is still debating the eligibility conditions.
Jupiter token distribution strategy
The two main groups of Jupiter's most recent distribution strategy are "users and stakers" and well-known community supporters known as "Carrots and Good Cats." According to the Jupiter DAO, the distribution structure aims to boost both new and existing users, thereby growing the JUP community.
A preliminary eligibility criterion takes into account the trading volume of all Jupiter products during the previous 12 months. Among other distributions, this draft proposal states that users who generate at least $800 per year will receive at least 50 tokens, while those who generate $29,000 will receive 250 tokens. There are 2.3 million wallets that qualify.
Jupiter airdrop to over 950,000 Solana wallets
Jupiter distributed almost 1 billion JUP tokens via airdrop last year to users who had completed at least $1,000 worth of swap transactions on the platform prior to the November 2023 snapshot. The airdrop is a part of a community-focused project that will give users access to four billion (40%) of Jupiter's 10 billion tokens in four stages.
With a maximum supply of 10 billion tokens and a current circulating supply of 1.35 billion, the project has a fully diluted valuation of $8.2 billion based on the current market price. Jupiter plans to lower the maximum number of tokens from 10 billion to 7 billion. Over 3 billion tokens will be burned in this reduction, which was authorized by the community in August 2024.
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