DEX Jupiter has confirmed that it will allocate forty% of the complete provide of JUP tokens in the airdrop to early adopters.
“miao” account, founder of the Jupiter Exchange task, trading platform Liquidity DEX Aggregator, confirmed that there will be an airdrop plan for end users who supported the project’s items in the early days.
In the submit, the Jupiter Exchange founder stated that there will be four billion JUP tokens – out of a complete of ten billion task tokens – allotted to the local community in this airdrop plan across four phases, equivalent to one billion JUP distributed in every single phase.
Grow The Pie Update n. one: Community Airdrop
Hey Jups, here is the breakdown of the to start with round of the local community airdrop, along with a thorough rationale on how we received there.
Warning: This is a extended submit for geeky individuals only. If you are only interested in figuring out your… pic.twitter.com/zafGQbmmvC
— meow 🥧 (@weremeow) November 15, 2023
The to start with phase launch get started time is anticipated to be from November twenty to November 26, 2023 for end users who meet the following situations:
- Already have a minimal trading volume of USD one,000 on Jupiter’s integrated protocols, which includes Solend or Sol-Incinerator
- Included in the listing of 955,000 wallet addresses taken on November two, 2023
- The web site for checking the addresses of eligible wallets, as properly as the official allocation of tokens, will be launched by the task following week
The founder of Jupiter also stated:
“This is the first official announcement about the project’s Airdrop since the hint in the Solana Breakpoint event that took place in early November 2023… All information about the airdrop criteria expected by users is Unofficial.”
As reported by Coinlive, at the Solana Breakpoint occasion on November two, 2023, The Jupiter exchange announced primary info about the project’s token termed JUP.
According to preliminary info, the distribution of JUP tokens will incorporate the following:
- forty% to the local community (with four Airdrop rounds)
- twenty% token revenue (will be blocked)
- forty% is for the crew
Jupiter is 1 of the foremost DEX aggregators on Solana with common functions this kind of as trading, putting restrict orders or DCA, holding trading volume of more than $1.5 billion only in mid-November 2023. This is also 1 of seven tasks in the Solana ecosystem that Coinlive has listed as possessing retroactive prospective.
Previously, at the finish of September, Celestia has announced an airdrop for end users on Ethereum Rollup and Cosmos. Furthermore, Oracle Pyth Network also announced this airdrop for DApp end users who have integrated this option.
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