Solana-based Jupiter Announces JUP Token Airdrop for January

• On Friday, Jupiter’s pseudonymous creator Meow provided a plethora of information.
• The first of four airdrops is planned to drop 1 billion JUP tokens.

In January, Jupiter, the decentralized finance (DeFi) aggregator based on Solana, will launch its much-anticipated airdrop. On Friday, Jupiter’s pseudonymous creator Meow provided a plethora of information about the project’s future goals and the imminent airdrop in a tweet written from a cat’s viewpoint.

As previously announced, 40% of the 10 billion JUP tokens that are scheduled to be issued will be put aside for airdrops to the Jupiter community. The project’s website, which tells eligible Jupiter users how much JUP they may earn, went live earlier this month.

Airdrop Tokenomics

The first of four airdrops, according to Meow’s announcement on Friday, is planned to drop 1 billion JUP tokens into the wallets of Solana users in January. A further 10% of the whole JUP supply, or an extra billion tokens, will be set aside for community contributions and awards, according to the creator.

The Jupiter community will get half of all JUP tokens, according to those numbers. The Jupiter team will distribute the remaining 50% of the token supply as follows: 20% to existing team members, 20% to a strategic reserve, and 10% to provide liquidity, either “mostly or entirely on-chain.”

According to Meow, further information on the airdrop and the supply of liquidity for JUP tokens would be published in the next few weeks. When it comes to DeFi projects based on Solana, Jupiter is among the biggest. The platform helps users find the best prices to trade tokens by acting as an aggregator for swaps.

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