The DeFi aggregator Jupiter, operating on the Solana platform, has announced a large-scale airdrop set to begin in January next year. The project's creator, known as "Meow," has introduced updates to Jupiter and revealed details of the upcoming airdrop.
As part of the airdrop, 1 billion JUP tokens will be distributed, accounting for 10% of the total 10 billion JUP issued. The distribution will occur in four stages, starting in January, when Jupiter will transfer tokens to the wallets of Solana users.
Additionally, 10% of the total token volume, or 1 billion JUP, will be reserved for community sponsors and grants. These funds will likely be managed by the project's decentralized autonomous organization (DAO).
Ultimately, 50% of the total JUP volume will be distributed among Jupiter community members. The remaining half will be allocated for the project team's needs: 20% for current team members, 20% into a strategic reserve, and 10% for liquidity provision.
All Jupiter participants will receive 200 JUP; those who held $10 or made 10 transactions before March 2022 will receive an additional 500 coins. Details of the airdrop will be published soon. Jupiter, a major DeFi project on Solana launched in October 2021, offers token trading consultations. The daily trading volume exceeds $119 million.
The Solana ecosystem has seen significant growth in recent months, with many projects showing active development. Recently, token airdrops were also announced by the Jito and Pyth protocols. The meme coin BONK, released in December, experienced a 594% price increase within a month, reaching a market capitalization of $1 billion.
