Jupiter, a DEX aggregator, Solana brush
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As users start claiming tokens, some express dissatisfaction Regarding the allocations to X and Discord, they said they should have received more tokens due to the age of their wallets and how heavily they have used the protocol over the years.
The airdrop is designed to distribute four of the 10 billion JUPs, or 40% of the total supply, over four phases, which the project announced in November. In the first phase, 1 billion Jupiter tokens will be released to users who complete at least $1,000 in swap volume on the protocol by the snapshot date, November 2nd.
release stage
Pseudonymous founder of the project who uses the name Meow said In Another 1% is allocated to community members and developers on Discord and Twitter.
“We believe this analysis will reward our power users and contributors even more, while giving everyone else a reason to come back and participate,” Meow said.
According to its founders, Jupiter had facilitated $35 billion in cumulative trading volume through October, 80% of which were from 0.2% of all wallets.
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About the author
Anna is a senior policy reporter and assistant editor at The Block. She has a background in political journalism and has covered Russian civil society for various media outlets in Moscow, including her award-winning newspaper, Novaya Gazeta. Before joining The Block, Anna spent the last five years at CoinDesk researching global cryptocurrency policy and adoption. Anna says she owns Bitcoin and gift NFTs that have sentimental value.