Jupiter is ready to execute a big airdrop in the present day, distributing roughly 700 million JUP tokens, valued at $616 million. This occasion, dubbed “Jupuary,” follows the discharge of an eligibility checker final week, permitting customers to substantiate their standing for claiming rewards.
The airdrop is designed to reward numerous consumer teams, with allocations structured in keeping with consumer exercise. A complete of 425 million JUP tokens shall be allotted to customers who’ve participated in token swaps on the platform, with distribution primarily based on their transaction volumes.
Moreover, 75 million JUP tokens are reserved for customers who’ve staked their tokens, together with bonuses for individuals who have constantly participated in governance voting.
This initiative is a part of Jupiter’s ongoing technique to interact its group. The corporate beforehand performed an airdrop final 12 months, distributing almost 1 billion JUP tokens. Jupiter has introduced plans for annual airdrops, committing to distribute tokens every January by means of 2027.
Jupiter at the moment has a circulating provide of 1.68 billion JUP tokens, out of a most whole provide of 10 billion, and boasts a market capitalization of $1.48 billion. The token is buying and selling at $0.88, reflecting a 33% improve since its preliminary launch in January 2024.
Based in October 2021, Jupiter was developed to consolidate liquidity from numerous decentralized exchanges inside the Solana ecosystem.
The platform additionally presents a perpetual buying and selling product, increasing its providers inside the decentralized finance sector.
Source link