Jupiter Airdrop Set For January With Billions Of JUP For Solana Defy Users

Jupiter, SolanaDecentralized Finance (Based)DeFi) Collector, announced The long-awaited air drop It will start in January.

In the colorful Twitter post Written from the perspective of a cat, Jupiter's anonymous founder Meo gave several updates on the project's future plans on Friday and detailed the upcoming airdrop crash.

As previously established, 40% of the 10 billion JUP tokens set for distribution are reserved for airdrops that will be distributed to members of the Jupiter community. The project at the beginning of this month A website has been launched. It allows eligible Jupiter users to find out how much JUP they can earn.

Those funds will be released in four airdrops, Meo said Friday, with the first — scheduled for January — dropping 1 billion JUP tokens into the wallets of Solana users.

The founder announced that an additional 10% of the total JUP supply – that's another billion tokens – will be set aside for community contributions and grants.

“This allocation, given the opportunity to manage the DAO, should provide a strong incentive for the community to participate in initiatives to grow Jupiter, refine Solana ecosystem projects, and power the decentralized meta – all of which are our main goals. Meow said.

Those figure 50% of all JUP tokens will be eventually distributed to the Jupiter community. The remaining 50% of the token supply will be managed by the Jupiter team accordingly: 20% will go to current team members, 20% will serve as a strategic reserve, and an additional 10% will serve as a liquid supply, “mostly or entirely on-chain.”

More details regarding the airdrop and liquidation of the JP token will be shared in the coming weeks, Meo said.

Jupiter is one of the largest DeFi projects built on Solana. As a swap aggregator, the platform advises users on the best rates when trading tokens. In the last 24 hours alone, it has announced that it has completed a transaction of approximately 231 million dollars CoinMarketCap.

It's been a big few months for the Solana ecosystem, which has seen the tide rise. a lot Projects in the network ecosystem, including the latest Pit And Gito Air dropS, which pumped hundreds of millions of dollars worth of free tokens into users' wallets. Chief among those success stories is BONK, the red-hot Solana meme coin. an amazing 839% last month.

Solana users hope the Jupiter airdrop continues that momentum: About one million SOL bags are eligible for the giveaway, the team said. He said last month.

Edited by Andrew Hayward.