Solana DEX Aggregator Jupiter Confirms JUP Token Launch and Airdrop
Solana decentralized exchange aggregator Jupiter has confirmed that its governance token JUP will launch on January 31. The project plans to airdrop nearly one million crypto wallets in the first phase of the launch. To test its platform, Jupiter’s founder Meow announced a test launch with “mockJUP” and a memecoin launch conducted by a third-party next week. The project aims to kickstart its working group and “DAO vision” and finalize the Jupiter white paper before the token launch.
The Jupiter Airdrop
Jupiter previously announced its retrospective airdrop plans in November, and the airdrop allocation website went live on December 1. The project will distribute four billion tokens, or 40% of the total token supply, to users over four phases. The first phase will release one billion tokens to eligible users who have conducted at least $1,000 in swap volume on the protocol by the snapshot date of November 2. Jupiter is currently the largest DEX aggregator on Solana, generating over $16 billion in trading volume during December.
Hot Take: Solana DEX Jupiter Aims for Token Launch Success
Solana DEX aggregator Jupiter is making significant strides towards its token launch. With the confirmation of the JUP token launch and airdrop, Jupiter aims to reward early users and attract new ones. The project’s test launches, including a memecoin launch conducted by a third-party, demonstrate its commitment to innovation and experimentation. As the largest DEX aggregator on Solana, Jupiter has seen impressive trading volume growth in recent months. By kickstarting its working group and finalizing the white paper, Jupiter is preparing for a successful token launch and continued success as a leading player in the Solana ecosystem.
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