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$JUP airdrop incoming 🪂
Hope you’re living prosperously from the recent SOL long that was shared in the previous post. We ran up a sweet 46% from $32 to $47.
The next thing you need to keep your eyes peeled for is the upcoming $JUP airdrop. If you’ve ever interacted with Jupiter on Solana and continue to do so you’re highly likely to be eligible to claim the airdrop.
The allocation of the $JUP tokens is structured in the following manner:
Community Growth: 40% of the total supply, which will be disbursed over the course of four distinct airdrop events.
Locked Token Sale: 20% of the tokens are allocated, with specific details regarding the lock-up period yet to be disclosed.
Team and Strategic Reserve: The remaining 40% is earmarked for the team and strategic reserves, subject to a vesting period of two years.
The distribution of the airdrop is planned to occur in four separate stages. Jupiter's stated objective is to draw fresh capital to the Solana ecosystem, which suggests that subsequent airdrops may include additional incentives to achieve this goal.
Here are potential terms for the eligibility of the upcoming airdrop bearing in mind nothing has been confirmed yet:
The details for this airdrop are being hashed out in the project’s Discord and will have a lot of community participation. So I’d expect there to be changes but I doubt it’ll harm users who have demonstrated consistent engagement with Jupiter's platform in recent years.
For the phase dubbed "Growth Airdrop," there is an intention to establish a Decentralized Autonomous Organization (DAO) which will deliberate on the most effective strategies to incentivize both liquidity and heightened trading activity on the platform. Individuals who have not previously been active on Jupiter should note the potential opportunities that future airdrop phases may present.
The token sale, accounting for 40% of the initial float, will proceed with the tokens in a locked state. However, specific details regarding the vesting terms for this sale have not been released.
Jupiter's platform has exhibited commendable performance metrics, as evidenced by:
950,000 unique users,
A trading volume surpassing $35 billion,
100,000 Monthly Active Users (MAUs) in the preceding month.
With these indicators of robust engagement, the introduction of the $JUP token is anticipated to significantly enhance liquidity within the Solana ecosystem, further stimulating on-chain activities and liquidity—a development that is much needed.