tl;dr
Jupiter, a leading DeFi protocol on Solana, has announced details of its Jupuary airdrop, including a claim process for $575 million worth of JUP tokens. The claim process will go live on Wednesday at 3:30 PM UTC, with participants having three months to claim their tokens. The airdrop, Jupiter's se...
Jupiter, a leading DeFi protocol on Solana, has announced details of its Jupuary airdrop, including a claim process for $575 million worth of JUP tokens. The claim process will go live on Wednesday at 3:30 PM UTC, with participants having three months to claim their tokens. The airdrop, Jupiter's second major token distribution, aims for a larger and more targeted allocation, with 700,000 JUP tokens set for distribution. This includes 440 million tokens for active users, 60 million for stakers, and the remainder for growth campaigns.
Jupiter's tiered token distribution aims for fair allocation, rewarding high engagement. The JUP token saw a 7.5% price decrease in the last 24 hours, trading at $0.89, despite the upcoming airdrop. The Jupuary airdrop precedes Jupiter's "Catstanbul" conference in Istanbul, scheduled for January 25-26.
To celebrate the launch, participants can join the J.U.P Rally hosted by contributors Kash Dhanda and Mei, welcoming them to the "Jupiverse."
Jupiter's unique approach to allocation divides users into categories based on activity, such as swapping and testing new products. Tokens are distributed across tiers within these categories. The tier-based design ensures a broader and fairer distribution while rewarding high engagement.