Jupiter (JUP), a decentralized exchange (DEX) aggregator on Solana, is preparing to carry out one of the largest airdrops in the cryptocurrency space. This event, a Jupuary event, involves distributing $630 million worth of JUP tokens to eligible users.
Jupiter .cwp-coin-chart svg path { Stroke width: 0.65 ! important; }
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It is very popular with Solana traders because it provides optimal trading methods across various decentralized exchanges (DEXs). Therefore, anticipation for this airdrop has increased.
Notably, the airdrop represents a pivotal moment for Jupiter and Solana, rewarding users for their participation and loyalty. Are you ready for jupuary?
January 2025 – Solana early crypto bounty: Jupiter offers $630 million in JUP tokens to its loyal users
(USD)
According to various reports, Jupiter is set to distribute around 700 million JUP tokens, which will be distributed to approximately 2 million eligible wallets. Eligibility for this airdrop is based on user activity during a specific time frame.
Users who interacted with the Jupiter platform between November 2023 and November 2024 are running. However, Jupiter has taken steps to filter out potential bots or suspicious activity, ensuring that only real users benefit.
Tokens are allocated based on tier, with 440 million JUP for swap users who made transactions over $5, 70 million JUP for expert traders, and 60 million JUP for those who bet on the platform.
The first July airdrop tier will have 10 million JUP allocated or about $800 at the current .cwp-coin-chart svg path { Stroke-width: 0.65 !important; }
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. The lowest 8 will receive 25 JUP, or about $20, for those who made more than $5 in trading volume during the qualifying time frame.
You can check your eligibility here by linking your wallet and registering your email.
(source)
Jupiter also emphasized security during this event. With airdrops, phishing attempts and scams are on the rise. Hence, Jupiter partnered with security companies, urging users to only use official channels to claim their tokens.
JUP tokens will serve as rewards and governance tokens, allowing their holders to vote on future proposals.
The launch of JUP has grown the Jupiter Decentralized Autonomous Organization (DAO) into one of the most active and vocal DAO communities in all of cryptocurrencies. This is made possible through Jupiter’s unique approach to incentivizing engagement, the Active Rewards (ASR) program.
ASR distributes tokens every 3 months to JUP contributors based on the number of tokens. Inactive stakeholders who do not vote at all will receive nothing through this system, which greatly encourages participation.
The January 2025 airdrop will not be the last airdrop by JUP or Jupiter. Meow, the founder of Jupiter, stated that there will be another airdrop coming in 2026 for Jupiter users.
According to Meo, the Jupuaries in 2005 and 2006 are not marketing mechanisms. The two airdrops are about strengthening the essence of Jupiter, making the token special, and building a community for a decentralized future.
“Jupuary is a celebration, a gift, an invitation to millions of Jupiter users to join the community, and an essential ritual of the Jupiverse.”
Jupuaries: Officially Confirmed!
Over the weekend, July’s historic Vote #2 passed by an overwhelming 87%, approving a multi-billion dollar plan to expand the Jupiter community over the 2nd sign of Jupiter.
Yes, this means that 2 Jupuaries have been officially confirmed and made public…
– Meow (
,
) (@weremeow) December 10, 2024
The planned $630 million symbolic airdrop of Jupiter onto Solana is a significant event. It will enhance user engagement and set new standards for token economics in the DeFi sector.
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