On January 31 at 12:00 Kyiv time (13:00 MSK), Jupiter, the largest liquidity aggregator in the Solana ecosystem, will officially launch the JUP token, accompanied by an airdrop.
WEN: 31st of Jupuary 10am EST
On the 1st of Jupuary, we outlined the main areas of work as we aim to get to launch. https://t.co/PORf6v5apt
We have been right on schedule executing on all these, and we are happy to share that JUP will launch on 31st of Jupuary, 10am EST.… pic.twitter.com/fIhDg0H1Pu
— meow ? (@weremeow) January 15, 2024
The project’s co-founder, known by the pseudonym meow, stated that users eligible for the distribution will receive a total of 1 billion JUP. Nearly a million crypto wallets are eligible for the tokens.
Jupiter users will receive at least 200 JUP. Those who held assets on the platform worth at least $10 or conducted more than 10 transactions before March 2022 will receive an additional 500 JUP.
In November 2023, the project conducted a retrodrop, rewarding early participants.
The upcoming airdrop marks the first phase of the DEX aggregator’s roadmap. The platform plans to conduct three more distributions, each of 1 billion JUP.
A total of 5 billion JUP is allocated for airdrops, grants, and community support, representing half of the token’s total issuance.
The remaining 2 billion JUP will be allocated to team members, another 2 billion JUP will serve as a strategic reserve, and the final 1 billion JUP will be used for liquidity provision.
To test the protocol, the platform will launch a new meme token “not from Jupiter.”
Created by a group of pseudonymous developers, the DEX aggregator began operations in October 2021. Over time, the platform has become one of the largest in the Solana ecosystem, with a turnover of $16.5 billion in the past month.
Earlier in January, developers of Manta Network revealed the project’s tokenomics. The total issuance will be 1 billion MANTA, with 12% allocated for funding two airdrops.