Jupiter, the leading decentralized exchange (DEX) aggregator on Solana, has unveiled an ambitious token airdrop program. The initiative aims to distribute a significant portion of the platform’s tokens among its users across four phases, marking a significant milestone for the project and its dedicated community.
The announcement, made by the project’s pseudonymous founder known as Meow, detailed the allocation of four billion tokens, equivalent to 40% of Jupiter’s total supply of 10 billion tokens, as part of the airdrop strategy.
The airdrop will kick off with its first phase commencing next week, releasing a staggering one billion Jupiter tokens to users who have actively engaged with the protocol. Eligibility for this phase is determined by users who have conducted a minimum of $1,000 in swap volume on the platform. The eligibility list encompasses 955,000 wallets captured in a snapshot taken on November 2, underlining the inclusive nature of the reward program.
Users involved in swap transactions will be categorized into various tiers of rewards based on their swap volume, ensuring that the airdrop benefits a wide spectrum of participants. Crucially, the team clarified that future rounds of the airdrop will extend its gratitude to new users, reinforcing Jupiter’s commitment to an inclusive and growing community.
To ensure transparency and facilitate easy verification for users, Jupiter will launch an official airdrop allocation website next week. This platform will enable every participant to verify their allocation amount and access other pertinent details, fostering trust and accessibility within the community.
Jupiter stands out as a platform that consolidates liquidity from multiple decentralized exchanges on Solana, streamlining the process for users to access the most competitive rates for their token swaps. Developed by a group of pseudonymous developers in October 2021, the project has steadily grown to become the largest DEX aggregator on Solana, testament to its commitment to innovation and community engagement.
Jupiter’s retrospective token airdrop program marks a significant milestone for the project, representing a tangible gesture of appreciation towards its early supporters and a commitment to fostering a thriving and engaged community. As the platform continues to pave the way for decentralized finance on Solana, this initiative serves as a beacon of inclusivity and transparency in the rapidly evolving landscape of blockchain and decentralized exchanges.
Source: https://azcoinnews.com/jupiter-decentralized-exchange-announces-massive-token-airdrop-program.html
