Jupiter Sets Launch Date for Token Airdrop and Plans to Release Meme Coin
Jupiter, a decentralized finance (DeFi) aggregator built on Solana, has announced the date and time for its highly anticipated token airdrop. The airdrop will distribute one billion JUP tokens to Solana DeFi users starting on January 31 at 10:00 am EST. Nearly a million crypto wallets are eligible to receive the airdrop, and users can check their allocation using Jupiter’s tool.
JUP Airdrop Allocation Determined by Trading Volume and Platform Usage
The amount of JUP tokens received in the airdrop is determined by factors such as trading volume on Jupiter and consistent platform usage. All users will receive at least 200 JUP, while those who held $10 worth of assets or made at least 10 transactions prior to March 2022 will receive an additional 500 JUP.
Jupiter: One of the Largest DeFi Projects on Solana
Jupiter is one of the leading DeFi projects on Solana, providing users with advice on the best token trading rates as a swap aggregator.
Extended Giveaway Roadmap and Community Airdrops
The upcoming token airdrop is only the first phase of Jupiter’s extended giveaway roadmap. The project plans to roll out three more community airdrops, each consisting of one billion JUP tokens, at later dates to be announced.
Reserving Tokens for Community Contributors and Grants
In total, Jupiter plans to distribute five billion JUP tokens to its community. Half of the total supply will be reserved for community contributors and grants, while the remaining tokens will be managed by the Jupiter team for strategic reserves, team members, and liquidity provision.
Meme Coin Launch and Airdrop
In preparation for the token airdrop, Jupiter will launch a meme coin on its platform next week. While it is not directly affiliated with Jupiter, the launch will serve as a testing ground for their new launch platform. It is unclear whether the meme coin will be included in the same allocations as the JUP token distribution.
Hot Take: Jupiter Prepares for Token Airdrop and Introduces Meme Coin
Jupiter has announced the official launch date and time for its highly anticipated token airdrop. Alongside the airdrop, Jupiter plans to release a meme coin on its platform. With almost a million crypto wallets eligible for the airdrop, users can check their JUP token allocation using Jupiter’s tool. The amount of tokens received depends on trading volume and platform usage. As one of the largest DeFi projects on Solana, Jupiter offers users advice on optimal token trading rates. This initial airdrop is part of an extended giveaway roadmap that includes three more community airdrops in the future.
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