Jupiter, a Solana-based DEX aggregator, has announced its 'Jupuary' airdrop set for January 2025, aimed at distributing 700 million JUP tokens to stimulate user engagement on the platform.
Details of the 'Jupuary' Event
The initiative aims to distribute 700 million JUP tokens to reward users, stakers, and active contributors on the platform. A significant portion of 340 million JUP will be allocated to swap users across over 2 million eligible wallets, with rewards tiered based on trading volume.
Rewards Distribution
Traders with a trading volume exceeding $800 will qualify for the lowest tier rewards, whereas high-volume traders conducting trades over $14 million will receive the largest rewards. Expert traders using strategies such as limit orders and perpetual swaps will benefit from a dedicated pool of 85 million JUP, covering 320,000 wallets.
Previous Airdrop Experience and Prospects
This is not Jupiter's first experience with airdrops. In 2023, the platform distributed nearly 1 billion JUP tokens to users with $1,000 or more in swap volume before a November snapshot. Founded by the pseudonymous 'Meow' in October 2021, Jupiter continues showing sustained growth by providing competitive token swap rates.
Jupiter continues to solidify its position within the DeFi ecosystem by offering advantageous conditions for participation in airdrops. The 'Jupuary' event marks another strategic move in this direction.
