Jupiter SolanaBased on decentralized finance (DeFi) the aggregator announced: Eagerly anticipated airdrop It is scheduled to start as early as January.
colorful twitter post Written from a cat’s perspective, Jupiter’s pseudonymous founder Meow provided numerous updates on Friday about the project’s future plans and details of the upcoming airdrop.
As previously established, 40% of the 10 billion JUP tokens scheduled to be in circulation are reserved for airdrops to be distributed to Jupiter community members. The project earlier this month Launched a website This will allow eligible Jupiter users to see how much JUP they can earn.
Meow said on Friday that the funds will be distributed in four airdrops, with the first airdrop scheduled for January, where 1 billion JUP tokens will land in the wallets of Solana users.
JUP PIE CAT
I must confess that I was rather inspired by this video, as people from all over the world have been looking for me for JUP updates over the past week. https://t.co/O4znsjujFa
I mean, check this out – the level of care he takes to prepare a cat is exquisite. The cat is now… pic.twitter.com/fYyzkJPtFa
— Meow 🥧 (@weremeow) December 15, 2023
The founders also announced that an additional 10% of the total JUP supply (another 1 billion tokens) will be reserved for community contributors and grants.
“These allocations, which will be managed by the DAO, will provide ample incentive for the community to grow Jupiter, explore projects for the Solana ecosystem, and participate in initiatives that drive the decentralized meta. All of these are our main goals.” Meow said.
These figures mean that 50% of all JUP tokens will eventually be distributed to the Jupiter community. The remaining 50% of the token supply is managed by the Jupiter team. 20% will go to current team members, 20% will be used as strategic reserves, and an additional 10% will be used to provide liquidity. Or it could be completely on-chain.”
Meow said additional details regarding the airdrop and JUP token liquidity provision will be shared in the coming weeks.
Jupiter is one of the largest DeFi projects built on Solana. As a swap aggregator, the platform advises users on the optimal rates when trading tokens. It is said to have processed approximately $231 million worth of transactions in the last 24 hours. CoinMarketCap.
It’s been a few months of major changes in the Solana ecosystem. many Projects in the network ecosystem, including recent projects piece and Zito airdropIt injected hundreds of millions of dollars worth of free tokens into users’ wallets. Chief among these success stories is BONK, the recently popular Solana meme coin. Amazing 839% Last month.
Solana users are hopeful that the Jupiter airdrop will continue this momentum. Nearly one million SOL wallets are eligible to participate in the sweepstakes. I said it last month.
Editor: Andrew Hayward