Solana (SOL)-based decentralized exchange (DEX) Jupiter (JUP) plans to airdrop 1 billion tokens early next year, according to its founder.
Jupiter’s founder, who goes by the pseudonym Meow, Called Social media platform
Specifically, 40% of the 10 billion tokens will be reserved for four community airdrops, the first of which is expected to take place in January.
“Tokenomics reflects the spirit of the project and our core spirit is very simple. For projects like Jupiter, we’re constantly recruiting world-class talent, building products, executing strategy, and allowing the broader community to help fact-check, counterweight, and course-correct.
Therefore, 10 billion JUP will be 50% managed by the team and 50% distributed to the community. “Perfectly balanced, as all cats are.”
Meow says the Jupiter team sees itself as “driving a full-stack ecosystem to help Solana and the cryptocurrency ecosystem win.”
“We believe Solana is the best blockchain for onboarding the next billion users. And if you get people to use JUP, they’ll end up using everything else on Solana.
And when you have a full set of powerful trading products that work as well as centralized products, there is no reason to go back to CEX.
And as there are so many use cases and fun things you can do on-chain, there will be less and less reason to withdraw your capital.”
According to the founders, more details about the airdrop and JUP liquidity provision will be released in the coming weeks.
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