Jupiter, a leading decentralized finance (DeFi) aggregator on the Solana blockchain, has announced that it will airdrop 1 billion JUP tokens to its community members in January 2024.
The airdrop is part of a larger plan to distribute 4 billion JUP tokens, or 40% of the total supply, to the Jupiter users and supporters over four rounds.
The announcement was made by the project’s pseudonymous founder, Meow, who adopts a cat persona in his communications.
In a colorful Twitter thread, Meow shared the details of the airdrop and the future roadmap of Jupiter, which aims to create a web3-based platform that rewards users for playing their favorite mobile games.
Meow also announced that another 10% of the JUP supply, or 1 billion tokens, will be reserved for community contributors and grants.
This allocation will be administered by the Jupiter DAO, which will give incentives for the community to participate in initiatives to grow Jupiter, vet projects for the Solana ecosystem, and drive the decentralized meta.
The remaining 50% of the JUP supply will be managed by the Jupiter team as follows: 20% for the current team members, 20% for the strategic reserve, and 10% for the liquidity provision.
Meow said that the liquidity provision will be mostly or entirely on-chain and that more details will be shared soon.
Jupiter is one of the most popular and influential projects on the Solana network, which is known for its high speed and low cost.
As a swap aggregator, Jupiter helps users find the best rates and deals across various DeFi platforms on Solana.
Jupiter also plans to launch the Player Network, a cross-game, cross-chain platform that will integrate with web2 and web3 mobile games, and reward players with JUP tokens and NFTs.
Jupiter’s airdrop is expected to generate a lot of excitement and interest among the Solana and web3 community, as it will give them a chance to own a piece of the project and benefit from its future growth and development.
Jupiter’s airdrop is also one of the many examples of how web3 projects are using innovative and engaging ways to distribute their tokens and build their communities.
Searching for more information about the airdrop, visit the official links tweeted by Meow
