The decentralized finance (DeFi) aggregator Jupiter has clarified that its eagerly awaited airdrop for JUP tokens is up for grabs in January. The Solana-based DeFi indicated that the Jupiter community will benefit from half of the 10 billion tokens.
The announcement indicated that 10% of the JUP tokens are destined for the Solana wallets in the initial airdrop. The revelation was featured in a December 15 post detailing a cat perspective representing Jupiter’s pseudonymous founder, Meow.
Solana Users’ Wallets to Benefit with Jupiter Airdrop
The Friday post captured a detailed update regarding Jupiter’s project future and the airdop’s breakdown. The outline echoes the previous revelation that 40% of the 10 billion tokens are reserved for the airdrops eligible to the Jupiter community members. The move is underway following the website’s rollout, where eligible Jupiter users should learn the JUPs they will gain.
The DeFi platform targets four-phase airdrops beginning in January, where 1 billion JUP tokens will benefit eligible Solana users’ wallets. Meow disclosed that an additional 10% of the JUP supply is reserved for community grants and contributors.
Meow hailed the allocation to the decentralized autonomous organization for administering as an incentive for the community’s participation in the initiatives to nurture Jupiter. The community should vet projects within the Solana ecosystem and accelerate the decentralized meta, which is a primary objective for Jupiter.
The figures illustrated in the Meow announcement imply that 50% of the JUP tokens are up for distribution to the Jupiter community. The remaining 50% of the supply will fall under the management of the Jupiter team.
Meow indicated that current team members will gain 20% while an equivalent is allocated towards a strategic reserve. The remaining 10% will constitute the liquidity provision entirely on-chain. Meow promised to disclose additional details on the airdrop and JUP liquidity provisions in the subsequent days.
Jupiter Anticipates Bullish Momentum in Projected Airdrop
Jupiter is among the leading DeFi projects running on the Solana network. It is a swap aggregator advising users on the optimal rates in token trading. Jupiter has executed transactions valued at $200 million in the past 24 hours, per CoinMarketCap.
Meow announcement places Jupiter along a similar template as Pyth and Jito airdrops executed on the Solana ecosystem. The airdrops inject hundreds of dollars of free tokens into the eligible users’ wallets.
Meow anticipates that Jupiter seeks to replicate the success realized by BONK, which has turned into a red-hot Solana meme coin that surged to approximately $1.1 billion. The Solana users are optimistic that Jupiter airdrop will replicate the momentum with nearly 1 million wallets eligible for the giveaway.
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