DEX Jupiter (JUP) Begins Distributing Airdrops to Users
Jupiter is a liquidity aggregation platform on Solana that has started distributing airdrops to those who have contributed to the project.
After a month since launching the token and "hinting" rewards to the community, Jupiter officially opened the airdrop testing portal on December 1.
According to the announcement, Jupiter will spend a total of 10 billion JUP, equivalent to 40% of the total token supply, as rewards for users through airdrop/retroactive over 4 different stages.
In the first phase, Jupiter released 1 billion JUP to 955,000 wallets that participated in a minimum transaction of 1,000 USD on the DEX before the snapshot on November 2, 2023. The founder of Jupiter Exchange shared the following allocation plan:
2% tokens for all qualified wallets;
7% based on user's cumulative volume;
The remaining 15% goes to Jupiter's Discord and Twitter community members.
Information about the airdrop has created two waves of opinion in the crypto market. Some feel surprised and happy with this number of airdrops "falling from the sky", because there has been no outstanding activity on the Solana ecosystem 4 a long time.
However, some others expressed dissatisfaction, saying that the effort they put in was not worth what they received. They expect to be allocated more tokens based on the wallet's age and transaction history over the years.
Jupiter is a liquidity aggregation platform developed on the Solana ecosystem with popular features such as Swap, Limit Order and DCA. By October 2023, JUP had processed 35 billion USD in transaction volume, of which 80% of the volume came from 0.2% of the total wallets interacting with the exchange.
Related: Instructions for Making Airdrop Wormhole
The end of d year is a busy time in the crypto market, and the community is especially eagerly awaiting airdrop announcements from projects, with Jupiter being one of them. Previously, we have witnessed many successful token issuances and airdrops from projects such as Celestia (TIA) & Pyth Network (PYTH).
