After teasing it for months, Solana-based decentralized exchange Jupiter is expected to launch its long-awaited JUP token airdrop today. With over 950,000 Solana wallets set to claim the airdrop, the JUP token launch is definitely one of the biggest this year.
Here are a few things you need to know ahead of the JUP airdrop:
When is the JUP Launch?
Jupiter has announced that JUP will be available for claim at 10 AM ET via the platform’s launchpad, which, over the weekend, was used to airdrop the WEN token to eligible users.
Who Gets Some JUP?
Jupiter says nearly 955,000 eligible wallets can claim the JUP token when it launches. Jupiter users who qualify for the token airdrop include those who used the protocol before the airdrop announcement on November 2nd.
Jupiter released a tool last week for users to check their eligibility status for the JUP airdrop and the number of tokens allocated to them if they qualify. In December, Jupiter said 20% of the JUP tokens allocated for the airdrop would be distributed evenly across all eligible wallets, while the exchange will distribute 70% of the tokens to eligible users based on their trading activity on the platform. Meanwhile, 10% has been set aside for developers and community members.
What is JUP Total Supply?
Jupiter has capped JUP’s total supply at 10 billion. Five billion tokens will be distributed to the community through multiple airdrops. Today, one billion JUP will be available for claim. Jupiter says it will allocate one billion JUP tokens for grants.
The remaining JUP supply has been set aside for the Jupiter team and JUP liquidity pools. It is worth highlighting that the Jupiter team will start earning JUP next January when the vesting cycle, which lasts for two years, starts.
Yesterday, Jupiter tweeted that about 1.3 billion JUP tokens will be in circulation as of day one. Previously, the decentralized exchange had set the JUP circulating supply for day one at 1.7 billion tokens.
Are you still wondering whether you are eligible for the JUP airdrop? You can connect your Solana wallet to lfg.jup.ag. to confirm eligibility.
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