Key Details of the Airdrop
Founder Lochie Jarvis shared the exciting news on January 4 via X, outlining the planned airdrop. The primary goal is to reward the Jupiter community’s contributions and boost the decentralized network before the much-anticipated Catstanbul event on January 25.
This airdrop will be divided into two main categories: one for users based on their swap volume and trading expertise, and another focused on community-driven incentives, commonly referred to as “carrots.” The airdrop seeks to motivate users who onboard new members, create JUP-related content, hold leadership positions, and actively engage in platforms like Discord, Reddit, and X.
Notably, 50% of the total JUP tokens will be allocated to the community, with the other half reserved for the project’s team. However, most of the team’s allocation will be vested until 2027, ensuring long-term commitment to the project’s success.
A Tiered System for Reward Distribution
Jupiter’s airdrop will follow a tiered system based on swap volumes and trading activity. A snapshot taken between November 2, 2023, and November 2, 2024, will determine eligibility, excluding transactions below $5, stablecoin-to-stablecoin swaps, and bot-like activities.
To qualify for the airdrop, users must have completed at least $800 in swap volume, which will earn them 50 JUP tokens. Only eligible wallets that meet the criteria will receive tokens, while those with compromised wallets or late participation will be excluded.
A Major Milestone for the JUP Token
Jupiter Exchange has witnessed a steady surge in the price of JUP tokens, currently sitting at $0.95. This marks a 20% increase over the past week, signaling growing investor confidence. The token’s market cap has reached $1.29 billion, with a 24-hour trading volume of $120 million, reflecting an upward trend.
With the airdrop event rolling out between January 18 and 24, just ahead of the Catstanbul update, the anticipation is high for what could be a turning point for JUP in the market. An airdrop checker tool will be available prior to the event to ensure fairness and transparency in the distribution process.
Looking Ahead
While the airdrop is expected to significantly impact the Solana-based platform’s user engagement and liquidity, it’s also worth noting that Jupiter Exchange plans to burn 30% of its tokens during the Catstanbul event in January 2025. This move further emphasizes their dedication to maintaining a strong and committed community.
With the growing excitement surrounding the airdrop and upcoming developments, 2025 is poised to be a pivotal year for airdrops, and Jupiter’s initiative may be one of the most notable of the year.
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