In an exciting development within the Solana-based decentralized finance (DeFi) space, Jupiter, a prominent DeFi aggregator, has officially announced the launch date and time for its eagerly awaited JUP token airdrop. The announcement also brings with it a teaser for the upcoming debut of a meme coin on the platform.
Jupiter’s JUP Airdrop Revealed
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 31st of Jupuary, 10am EST.… pic.twitter.com/fIhDg0H1Pu
— meow 🥧 (@weremeow) January 15, 2024
Since early December, the Solana blockchain has witnessed a surge in DeFi activities, fueled by meme coins, the Jito airdrop, and the remarkable rise of SOL’s price. Now, Jupiter, a significant player in the Solana DeFi landscape, has disclosed that its JUP token airdrop will commence on January 31, 2024, at 10:00 AM EST. The airdrop aims to distribute one billion JUP tokens to Solana DeFi users, adding an exciting dimension to the flourishing ecosystem.
Eligibility and Airdrop Details
Jupiter’s recent announcement reveals that nearly a million crypto wallets qualify to receive funds through the JUP airdrop. The DeFi platform had previously released a tool enabling users to check their eligibility for JUP tokens ahead of the airdrop. Allocation for the airdrop will consider factors such as the user’s trading volume on Jupiter and their consistency in utilizing the Jupiter website. Every Jupiter user is set to receive a minimum of 200 JUP tokens.
Further details indicate that users with assets worth $10 or more on the Jupiter platform, or those who completed a minimum of 10 transactions before March 2022, stand to receive an additional 500 JUP tokens. The airdrop represents 40% of the total JUP token supply, reflecting the protocol’s popularity among traders.
Jupiter’s Giveaway Roadmap
The JUP airdrop serves as the initial phase of Jupiter’s comprehensive giveaway roadmap. Following this event, the protocol plans three more community airdrops, each consisting of one billion JUP tokens. Dates for these subsequent airdrops will be disclosed in due course. An additional one billion tokens will be allocated for community contributors and grants, contributing to a total of 5 billion JUP tokens distributed through airdrops, half of the protocol’s 10 billion JUP token supply.
Meme Coin Anticipation and Testing Ground
In preparation for the JUP token airdrop, Jupiter is set to launch a meme coin in the coming week. The founder, known as Meow, clarified that the meme coin isn’t directly affiliated with Jupiter but serves as a testing ground for a new launch platform. Meow did not confirm whether the meme token would be part of the same allocation as the JUP token, leaving room for anticipation and curiosity within the Solana DeFi community.