This event is poised to be a significant milestone for the Solana ecosystem, as it prepares for a substantial liquidity injection.
Jupiter’s approach to tokenomics is both innovative and straightforward, with a total supply of 10 billion JUP tokens. 50% belongs to the Jupiter team and the remaining 50% is for the community. Let’s explore more about the JUP Airdrop.
Comprehensive Breakdown of the $JUP Airdrop
The $JUP airdrop stands out for its inclusive yet targeted distribution strategy. Approximately 955,000 wallets that interacted with Jupiter’s platform before November 2nd are eligible for this airdrop. This will ensure a broad and equitable distribution of tokens among early supporters.
NEW: $JUP Airdrop by Jupiter Set to Launch in 2 Days: Solana Prepares for Major Liquidity Injection
All You Need to Know About the Big Event 👇https://t.co/u70AnOTjv0
— SolanaFloor | Powered by Step Finance (@SolanaFloor) January 28, 2024
The allocation of the airdrop has 4 tiers:
- Tier 1: The top 2,000 users, estimated to have a trading volume of over 1 million, will receive a significant share of 100,000 tokens each. This tier rewards the most active users on the Jupiter platform.
- Tier 2: The next 10,000 users, with an estimated trading volume of over 100K, are set to receive 20,000 tokens each.
- Tier 3: A further 50,000 users, having an estimated trading volume of over 10K, will be allocated 3,000 tokens each.
- Tier 4: An additional 150,000 users, with a trading volume over 1K, will receive 1,000 tokens each.
Additionally, Jupiter will allocate a minimum of 200 tokens to each user beyond Tier 4, ensuring they are not left out. This ensures that a wide base of Jupiter’s community members benefits from the airdrop.
JM! Have you claimed your $WEN airdrop yet?
Claim ends 29 Jan 2024, 10am EST, so remember to do it before then! https://t.co/ei4nx1aL8n pic.twitter.com/hC5rKZp3PB
— Jupiter 🪐 (@JupiterExchange) January 28, 2024
More About the JUP Airdrop
Furthermore, Jupiter reserves 1% of the total tokens for community contributors, including developers and social media participants. They have made contributions to the Jupiter project before November 2nd. This allocation is a testament to Jupiter’s commitment to recognizing and rewarding the efforts of its community builders.
The $JUP airdrop is not just a token distribution event, it represents a significant step towards decentralizing the ownership and governance of the Jupiter platform. This event is expected to significantly boost liquidity in the Solana ecosystem. Enhancing its attractiveness and stability as a platform for decentralized applications and services.
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