Jupiter will host its second airdrop

On January 31 at 13:00 Moscow time, the largest liquidity aggregator in the Solana ecosystem from decentralized exchanges, Jupiter, will officially launch the JUP token, accompanied by an airdrop.

WEN: 31st of Jupuary 10am EST

On the 1st of Jupuary, we outlined the main areas of work as we aim to get to launch. https://t.co/PORf6v5apt

We have been right on schedule executing on all these, and we are happy to share that JUP will launch on the 31st of Jupuary, 10am EST.… pic.twitter.com/fIhDg0H1Pu

— meow 🥧 (@weremeow) January 15, 2024

The co-founder of the project under the pseudonym meow stated that users applying for the distribution will receive a total of 1 billion JUP. Almost a million crypto wallets are eligible to receive funds.

Jupiter users will receive at least 200 JUP. Those who owned $10 or more in assets on the platform or made at least 10 transactions before March 2022 will receive an additional 500 JUP.

In November 2023, the project already held a retrodrop, rewarding early participants.

The upcoming airdrop represents the first stage of the DEX aggregator roadmap. In the future, the platform will hold three more distributions – each of 1 billion JUP.

A total of 5 billion JUP has been allocated for airdrops, grants and community support, which is half of the total token emission.

The remaining 2 billion JUP will be sent to team members, another 2 billion JUP will serve as a strategic reserve, and the final 1 billion JUP will be used as liquidity collateral.

To test the protocol, the platform will launch a new “not from Jupiter” meme token.

Created by a group of pseudonymous developers, the DEX aggregator began operations in October 2021. Over time, the platform has become one of the largest in the Solana ecosystem, with a turnover of $16.5 billion in the last month.

In January, Manta Network developers revealed the tokenomics of the project. The total issue will be 1 billion MANTA, of which 12% will be used to finance two airdrops.