The decentralized exchange (dex) Jupiter has announced details about the distribution of the first 10% tranche of its community airdrop, which includes 1 billion jupiter (JUP) tokens out of a total pool of 10 billion. This initiative aims to recognize 955,000 unique Solana wallets that have interacted with Jupiter, acknowledging their role as early adopters.
Jupiter’s 1B Token Airdrop
In the cryptocurrency space, there is excitement about a new airdrop from Jupiter, a Solana-based dex aggregator. These aggregators search multiple decentralized exchanges to find the best prices and liquidity for trades, and then combine these trades across various dex platforms in a single transaction to optimize costs and fees for users.
It is important to note that the recent Jupiter airdrop is different from the token jupiter (JUP), which is an ERC20 token that was launched in 2020. Established in 2021, Jupiter, the dex aggregator, currently supports 270 coins and 1,098 trading pairs, as per statistics from coingecko.com. Over the past 24 hours, the aggregator has registered a trading volume of $172,855,765.
The details of Jupiter’s airdrop were announced on the social media platform X (formerly known as Twitter). A significant portion of the airdrop, totaling 700 million tokens, will be distributed based on tiers of trading volume. The top 2,000 wallets, determined by their adjusted trading volume, will each receive 100,000 tokens. This will be followed by 10,000 wallets receiving 20,000 tokens each, and then 50,000 wallets obtaining 3,000 tokens each.
Additionally, 150,000 wallets are set to receive 1,000 tokens each. The calculation of trading volume will be refined by doubling or tripling the 2023 figures, excluding volumes from arbitrage and bots, and omitting malicious actors. An additional allocation of 200 million tokens will be evenly divided among all 955,000 qualifying wallets, resulting in around 200 tokens for each wallet. A reserve of 100 million tokens is designated for active community members on platforms like Discord, X, and among developers.
Jupiter’s 1B Token Airdrop
In the cryptocurrency space, there is excitement about a new airdrop from Jupiter, a Solana-based dex aggregator. These aggregators search multiple decentralized exchanges to find the best prices and liquidity for trades, and then combine these trades across various dex platforms in a single transaction to optimize costs and fees for users.
It is important to note that the recent Jupiter airdrop is different from the token jupiter (JUP), which is an ERC20 token that was launched in 2020. Established in 2021, Jupiter, the dex aggregator, currently supports 270 coins and 1,098 trading pairs, as per statistics from coingecko.com. Over the past 24 hours, the aggregator has registered a trading volume of $172,855,765.
The details of Jupiter’s airdrop were announced on the social media platform X (formerly known as Twitter). A significant portion of the airdrop, totaling 700 million tokens, will be distributed based on tiers of trading volume. The top 2,000 wallets, determined by their adjusted trading volume, will each receive 100,000 tokens. This will be followed by 10,000 wallets receiving 20,000 tokens each, and then 50,000 wallets obtaining 3,000 tokens each.
Additionally, 150,000 wallets are set to receive 1,000 tokens each. The calculation of trading volume will be refined by doubling or tripling the 2023 figures, excluding volumes from arbitrage and bots, and omitting malicious actors. An additional allocation of 200 million tokens will be evenly divided among all 955,000 qualifying wallets, resulting in around 200 tokens for each wallet. A reserve of 100 million tokens is designated for active community members on platforms like Discord, X, and among developers.
Jupiter’s strategy of tier-based allocation, along with adjustments for factors such as time frame, bot interference, and community engagement, aims to strike a balance between rewarding its most active users and maintaining inclusivity for smaller wallet holders. Participants will be able to review their allocated shares on Jupiter’s website next week. This event will mark the completion of Jupiter’s initial phase in its sequence of community airdrops, leading up to the launch of its JUP token.
What are your thoughts on the upcoming Jupiter airdrop? Share your opinions in the comments section below.
