Jupiter DEX Aggregator Announces Major Token Airdrop Event

Jupiter has unveiled plans for a major airdrop occasion in January.

Jupiter has unveiled plans for a major airdrop occasion in January. The occasion, often known as “Jupuary,” will distribute 700 million JUP tokens, valued at roughly $580 million, to numerous stakeholders, together with customers, stakers, and group contributors.

The distribution will likely be primarily based on a snapshot already taken. Though the ultimate eligibility standards are nonetheless below dialogue, preliminary drafts counsel that customers will likely be rewarded primarily based on their buying and selling quantity over the previous yr.

As an example, customers with an annual buying and selling quantity of a minimum of $800 are anticipated to obtain a minimal of fifty tokens, whereas these with $29,000 in buying and selling quantity might qualify for 250 tokens. Roughly 2.3 million wallets are anticipated to be eligible for this airdrop.

This initiative follows a earlier airdrop in November 2023, throughout which practically 1 billion JUP tokens have been allotted to customers who executed a minimal of $1,000 in swap quantity on the platform earlier than the snapshot.

Presently, the circulating provide of JUP tokens is 1.35 billion, with a most provide initially set at 10 billion. Nonetheless, Jupiter’s group has permitted a discount of the utmost provide to 7 billion tokens, which is able to contain burning over 3 billion tokens.

Launched in October 2021, Jupiter aggregates liquidity from a number of decentralized exchanges, offering customers with aggressive charges for token swaps.

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