Solana Aggregator Jupiter Launches its First Airdrop with 1 Billion JUP Tokens!
Jupiter’s Big Move in Solana Ecosystem
As the cryptocurrency market sentiment improves and on-chain activity surges, major projects are rolling out airdrops to reward their early users. Following the decentralized oracle Pyth Network’s token distribution, Jupiter, a prominent aggregator in the Solana ecosystem, has announced its first airdrop event.
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1 Billion JUP Tokens Up for Grabs in the First Airdrop
According to official statements, Jupiter had already disclosed its token issuance plan in November, setting the total supply of $JUP at 10 billion tokens. In a strategy to distribute 40% of these tokens, Jupiter has planned four stages of airdrops, with the first stage allocating 1 billion JUP tokens.
Eligibility for this airdrop is straightforward: users who conducted a minimum of $1,000 in transaction volume on the protocol before the snapshot date of November 2 are qualified to participate. An estimated 955,000 wallets are expected to be eligible for this initial airdrop.
It’s important to note that $JUP has not officially launched yet, but users can already query the amount of their airdrop tokens.
Jupiter’s Founder Meow Explains the Airdrop Allocation
Jupiter’s anonymous founder, Meow, explained the first round’s distribution method on platform X: “2% of the tokens will be distributed to all wallets, with an additional 7% allocated based on a tiered scoring system, which is adjusted for quantity. Another 1% is earmarked for community members and developers on Discord and Twitter.”
Meow believes this meticulous division will bring more rewards to advanced users and contributors, while also enticing others to re-engage with the platform.
Aevo Launches JUP Futures Ahead of Token Trading
Even though $JUP tokens have not officially started trading, Aevo, a chain-based options trading platform, has taken the initiative to launch JUP futures. This move has already generated nearly $200,000 in trading volume shortly after its launch.
A Promising Step for Jupiter and Solana’s Ecosystem
Jupiter’s first airdrop marks a significant step in enhancing user engagement and expanding its influence within the Solana ecosystem. The anticipation surrounding $JUP’s launch and Aevo’s introduction of JUP futures underscores the growing excitement and potential in the Solana blockchain community.
Keywords: Jupiter, Solana, Cryptocurrency, Airdrop, JUP Tokens, Blockchain, Aevo, Pyth Network, Trading Volume, Cryptocurrency Market, Token Distribution, Decentralized Oracle
