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2024-12-27 10:39:42

Jupiter plans 700 million JUP airdrop in January

Jupiter, a leading decentralized exchange platform on Solana, has announced plans to distribute more of the DEX protocol’s native tokens to its user community. In an announcement , the Jupiter team revealed it would be expanding its Jupuary token distribution in 2025. The first airdrop in January will see 700 million JUP distributed to users. Specifically, the upcoming airdrop will be split between exchange users and stakers on one hand and key DEX contributors dubbed “Carrots and Good Cats”. A snapshot for this distribution has already been taken, with the team noting that the approach above is aimed at appreciating “everyone in the Jupiverse.” Jupiter Uplink @jup_uplink · Follow Jupuary 2025 🪐Here is the first Overview of the upcoming Jupuary distribution.Team decided to go with a split between Users & Stakers and Carrots & Good Cats. This way we are trying to appreciate everyone in the Jupiverse! Note: This is a Draft, Subject to change 💡 9:47 pm · 26 Dec 2024 4.9K Reply Copy link Read 417 replies Jupiter’s JUP airdrop details Per a draft overview of the planned airdrop, 500 million JUP will go to users and stakers. Carrots and Good Cats have an allocation of 200 million tokens. The distribution allocations are only in draft mode, the Jupiter team noted, with any changes likely to follow if the community determines so. However, the initial plan is to airdrop 425 million JUP tokens to users and 75 million JUP to stakers. Meanwhile, Jupiter is looking to adopt a variable distribution mode for the 200 million JUP tokens set for the Carrots and Good Cats group. The initial plan is to distribute between 50 and 200 JUP tokens per wallet for “Carrots”, and use an application-based approach for the other group. “If you are using any Jupiter products, you will be eligible if you hit the minimum threshold,” the Jupiter team noted. 2.3 million eligible wallets According to details in the draft overview, there are a total of over 2.3 million eligible wallets based on the snapshot. Of the over 10 million wallets for swap users, about 2 million have hit the eligibility threshold of at least $1,000 in swap volume. There are also over 650,000 expert trader wallets, about 320,000 of which hit the minimum activity threshold to qualify for the distribution. Expert traders are those that used Perps, dollar cost averaging (DCA) and Limit orders among others during the snapshot period. Going by this allocation proposal, about 1.9 million wallets with an estimated eligible minimum swap volume of $800 will receive 50 JUP tokens each. There are also approximately 400k wallets with $29,000 in volume that will receive at least 250 tokens each. Meanwhile, 1k wallets are set to receive the largest allocation of about 20,000 JUP per wallet having met the minimum threshold of $14 million in swap volume. Jupiter’s circulating supply stood at 1.35 billion JUP tokens, with the maximum supply at 10 billion. In August, the community approved plans to reduce this to 7 billion via burning. JUP price hovered around $0.85 on Dec. 27, about 3% up in 24 hours. The post Jupiter plans 700 million JUP airdrop in January appeared first on Invezz