Solana based Jupiter Exchange To Airdrop 700M JUP Tokens In January: Will Price Rally?
The post Solana based Jupiter Exchange To Airdrop 700M JUP Tokens In January: Will Price Rally? appeared on BitcoinEthereumNews.com.
Jupiter Exchange has announced a massive airdrop of 700 million JUP tokens, set to take place in January. This initiative aims to reward active community members, enhance liquidity, and boost engagement within the Jupiverse ecosystem. Scheduled before the highly anticipated Catstanbul event on January 25, the airdrop is expected to attract new users and strengthen the platform’s decentralized network. Key Details of the Jupiter Exchange Airdrop On January 4, founder of Jupiter Exchange Lochie Jarvis posted a detailed announcement on X about the highly anticipated 700 million JUP token airdrop scheduled for January. This initiative aims to reward community contributions, incentivize active users, and further expand the Jupiverse ecosystem. The airdrop is divided into two key allocations: tokens for swap volume and trading expertise, and community-driven incentives, commonly referred to as “carrots.” Eligible users will receive rewards based on meaningful contributions, including onboarding new members, holding leadership roles, creating JUP-related content, and actively participating in forums like Discord, Reddit, and X. A key point to note is the distribution of the tokens. As per the announcement, 50% of the total JUP supply will be allocated to the community, while the remaining 50% will go to the team, with most of the team’s allocation being vested until 2027. 🪂🟣JUPUARY AIRDROP IS COMING🟣🪂 🪐EVERYTHING you need to know! 🪐 Heres the break down 👇 🧵THREAD🧵 pic.twitter.com/D6xJU58sca — Lochie (@lochiejarvis201) January 4, 2025 A Detailed Look Into The JUP Airdrop The Jupiter Exchange airdrop follows a tiered system, where the allocation depends on users’ swap volumes and trading activity. A snapshot captured eligible activities from November 2, 2023, to November 2, 2024. Exclusions include transactions under $5, stablecoin-to-stablecoin swaps, and bot-like behaviors. To qualify for the airdrop, users must have a minimum of $800 in swap volume, which will earn them 50 JUP tokens.…
Filed under: News - @ January 4, 2025 11:14 am