Allocating JUP Tokens
As previously stated, 40% of the 10 billion JUP tokens set to be minted will be reserved for airdrops distributed to the Jupiter community. To determine the amount of JUP each eligible user will receive, the project recently launched a website where users can check their allocation.
Meow explained that the airdrop would occur in four stages, with the first drop scheduled for January, distributing 1 billion JUP tokens to Solana users’ wallets.
Incentivizing Community Participation
In addition to the airdrop, Jupiter has allocated another 10% of the total JUP supply, equivalent to an additional billion tokens, for community contributors and grants. These tokens are likely to be administered by the DAO, providing further incentive for community members to engage in initiatives to boost Jupiter’s growth, vet Solana ecosystem projects, and drive decentralization.
Ultimately, 50% of all JUP tokens will be distributed to the Jupiter community. More information regarding the airdrop and JUP token liquidity provision will be shared in the upcoming weeks.
Jupiter serves as a swap aggregator, advising users on optimal token trading rates. The platform’s announcement comes during a period of significant momentum for the Solana ecosystem, with various projects within the network, such as Pyth and Jito, initiating airdrops worth hundreds of millions of dollars.
BONK, a popular Solana meme coin, has experienced remarkable growth of 839% in the past month. The Solana community is optimistic that the Jupiter airdrop will continue this momentum, with nearly a million SOL wallets eligible to participate in the giveaway, as announced by the Jupiter team last month.