- JUP Airdrop in Jupuary: Last week of January marked for Solana users.
- 4 Billion JUP Tokens: Jupiter’s generous distribution across four drops.
- Growing Popularity: December records $16.65 billion in trading volume on Jupiter.
Solana DeFi enthusiasts, mark your calendars for the last week of January, as the highly-anticipated JUP token airdrop from decentralized exchange (DEX) aggregator Jupiter is set to make its debut during what the project playfully calls ‘Jupuary.’
In a recent update, the pseudonymous founder, Meow, hinted at the launch window, narrowing down expectations to the final week of January. Meow expressed the team’s commitment to thorough preparation, signaling the culmination of weeks of diligent work in the lead-up to the launch.
“We expect launch day to be in the 4th week of Jupuary. Let’s work on it together,” Meow tweeted, emphasizing the collaborative effort required for a successful token rollout.
The Jupiter team is diligently ironing out crucial details, including communication strategies for the launch, setting up early infrastructure such as liquidity pools and minting functionality, and ensuring a seamless claiming process for eligible users. The team’s commitment to inclusivity is captured in their pledge to ensure that ‘no cats are left behind.’
Jupuary Kickoff: Let’s launch JUP together!
Long essay ahead, no TLDR. If you can trade you can read*
The month of Jupuary will be a month of learning. We will learn how to launch JUP together as a community, learn how to improve the infra for high stress events, and be a great… pic.twitter.com/fGYEmz8Yvb
— meow 🥧 (@weremeow) January 2, 2024
Acknowledging the importance of community involvement, Meow shared, “So experiment we shall. And if we mess up, we shall own up and we will get better. That’s how we got here in the first place; I am determined to enter this new phase the same way. Show up, pay the price, learn the hard way if needed.”
With nearly a million Solana wallets deemed eligible for the JUP airdrop, Jupiter has been actively engaging with the community. A dedicated allocation check website was launched in December, providing users with a preview of their potential token allocations. However, the actual token claiming process is slated to commence later this month.
Jupiter’s commitment to the community is reflected in the allocation of 4 billion JUP tokens—equivalent to 40% of the total supply—across four drops. The initial wave will distribute a billion tokens, with users receiving shares based on factors such as their trading volume on the aggregator and platform usage frequency.
December marked a significant milestone for Jupiter, as trading volume soared to $16.65 billion, according to data from Solana Floor and Step Finance. This figure represents more than triple the previous peak month’s transactions in May 2022, underscoring the platform’s growing popularity.
Jupiter’s JUP token airdrop follows in the footsteps of recent Solana token distributions for projects like Jito and Pyth Network. Additionally, another exciting airdrop for Solana users, Dymension, was announced just this Tuesday, adding to the buzz surrounding the Solana ecosystem’s vibrant token landscape.
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