The airdrop represents the distribution of 40% of the total supply, which amounts to four billion JUP tokens, in four phases, as announced by the project in November. In the first phase, one billion Jupiter tokens will be issued to users who had deposited at least $1,000 in swap volume by the snapshot date of November 2nd.
The project's founder, known as Meow, clarified that in the first phase, 2% of the tokens will be evenly distributed among all wallets, while 7% will be distributed based on a "multi-tiered rating-based system, with the rating depending on adjusted volume." Additionally, 1% will be allocated to community members on Discord and X platforms, as well as developers.
We believe that this approach will significantly enhance the rewards for experienced users and participants and may also give everyone else a reason to come back and participate. said Meow.
According to the founder's claims, by October, the total trading volume on Jupiter had reached $35 billion, with 80% of this sum being executed by only 0.2% of wallets.
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