Jupiter to airdrop $860 million in JUP tokens to loyal community voters
The post Jupiter to airdrop $860 million in JUP tokens to loyal community voters appeared on BitcoinEthereumNews.com.
Decentralized exchange aggregator Jupiter’s governance has approved a proposal to airdrop $860 million worth of JUP tokens to community voters called Jupuary. The proposal, spearheaded by Jupiter founder Meow, aims at incentivizing long-term participation. It lays out a detailed roadmap for the airdrop, emphasizing unity within the community. Meow highlighted the importance of collective decision-making. Additionally, the proposal addresses key concerns, such as ensuring the airdrop benefits genuine, long-term participants rather than speculators or bots. Although Meow did not share details on how Jupiter plans to accomplish this goal, he explained that a portion of the allocation from Jupuary will incentivize holding, buying, and using JUP for voting next year. The proposal also mentioned explicit allocation for stakers who consistently vote on proposals. Meow added: “We will be hyper focused on including as many real users as possible, using key parameters like actual holdings, participation in the ecosystem, and consistency/place of usage. Notably, unlike the first Jupuary, bots will be explicitly excluded.” The proposal also notes that this $860 million airdrop represents a token distribution and a strategic step toward strengthening the Jupiverse, uniting its stakeholders, and laying the groundwork for sustained growth in the years ahead. Furthermore, the approval paves the way for “Catstabul,” a significant milestone event less than two months away, where Jupiter plans to unveil initiatives with significant implications for token utility. Meow highlighted that the new efforts include a token audit, supply burn, and a refined platform strategy. Jupiter is Solana’s second-largest A, with over $2.5 billion in total value locked. Mentioned in this article Source: https://cryptoslate.com/jupiter-to-airdrop-860-million-in-jup-tokens-to-loyal-community-voters/
Filed under: News - @ December 9, 2024 9:21 pm