The place of AirDrops in the crypto market is becoming more and more important. Created in many projects, AirDrop Jupiter has JUP tokens in nearly a million Solana wallets. This will be the biggest token launch ever in 2024.
What is Jupiter Coin?
The Jupiter (JUP) token launch in Solana is an upcoming event in the cryptocurrency and decentralized finance (DeFi) sector.
Jupiter, a decentralized exchange (DEX) collector, will start distributing JUP tokens on January 31. Requests will open as of today. This deployment is part of a broader strategy to integrate into the Solana ecosystem.
JUP AirDrop is available to Solana wallet holders who interacted with the Jupiter protocol before a snapshot taken on Nov. 2. Ultimately, 4 billion JUPs will be distributed across four waves of AirDrop. 1 billion tokens were set for the first AirDrop on January 31.
Token Distribution Determined
The distribution strategy for the JUP token includes:
20% of the first AirDrop tokens are distributed evenly to all eligible wallets.
70% is allocated based on a scoring system that reflects the user's relationship with the protocol.
10% is reserved for community members and developers.
Although details about timing and deployment are not disclosed, future AirDrops are planned for new users.
Jupiter Tokenomic
The tokenomics of the JUP token include:
Total Supply: 10 billion JUP tokens.
Community Allocation: 50% of the total supply is reserved for community distribution through AirDrops and other initiatives.
Team and Operational Needs: The remaining 50% is allocated for team and operational needs, and team allocation is subject to a vesting period starting in January 2025.
At launch, the circulating supply would be 1 billion tokens allocated for airdrop demand, 250 million for a launch pool, and 50 million JUPs each for loans to centralized stock market makers, and 1.35 billion JUP, including emergency liquidity pool needs.
Technology and Platform Usage
Jupiter uses the Solana blockchain for its operations, leveraging the blockchain's capabilities for high-speed and low-cost transactions. Key features of the platform include:
Optimized Trade Execution: Jupiter collects liquidity from multiple decentralized exchanges in Solana to provide users with optimal trading prices and lower slippage.
Advanced Trading Experience: The use of Solana's blockchain technology aims to facilitate efficient and cost-effective trading on the platform.
Jupiter's JUP token is being launched on the Solana blockchain. It aims to represent a strategic effort to distribute the token to a large user base and integrate it into the DeFi ecosystem in Solana. $SOL
