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2024-12-27 10:06:47

Jupiter Announces $580M Token Airdrop as “Jupuary” Takes Off

The post Jupiter Announces $580M Token Airdrop as “Jupuary” Takes Off appeared first on Coinpedia Fintech News Jupiter, the largest decentralized exchange aggregator on the Solana ecosystem, has revealed an exciting Airdrop for its community . In January 2025, the platform will distribute 700 million JUP tokens worth an estimated $580 million. This ambitious airdrop, called “JUPuary,” aims to expand Jupiter’s ecosystem and reward its dedicated users. Jupiter To Airdrop 700 Mln JUP Token The airdrop plan includes the distribution of 425 million JUP tokens to eligible users who actively trade on the platform, making it one of the largest airdrop events in the crypto space. 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 pic.twitter.com/mbGNy3QxSe — Jupiter Uplink (@jup_uplink) December 26, 2024 Jupiter has identified 2.3 million wallets that will benefit from this event, including two primary groups of users. The first group comprises 2 million swap users who have engaged in transactions on Jupiter’s platform. Meanwhile, the second group includes 320,000 professional traders known for handling large trade volumes. These figures highlight the scale of the event and Jupiter’s commitment to rewarding its diverse user base Encouraging Long-Term Staking Furthermore, Jupiter is incentivizing long-term staking as part of its broader strategy to create sustainable growth within its ecosystem. Around 75 million JUP tokens are reserved exclusively for staking investors. To encourage active staking, Jupiter has introduced a reward structure where users will receive 0.1 JUP for every 1 JUP token they stake. This approach not only boosts investor confidence but also fosters a robust staking environment on the platform. JUP Long-Term Plan for 2025 Looking beyond January, Jupiter has laid out an even more ambitious plan for 2025. The platform aims to distribute a staggering 4.25 billion JUP tokens over the year. Out of this total, 4.175 billion tokens will go directly to participating users and the community, while 75 million tokens will continue to reward staking investors. Since the announcement, the price of the JUP token has been on an upward trend, currently trading at $0.857. This marks a 2.6% increase within a single day.