SOLANA BASED JUPITER TO AIRDROP 1 BILLION TOKENS IN JANUARY

The decentralized finance (DeFi) protocol Jupiter, based on the Solana blockchain, announced that it will carry out an airdrop in January 2024 in which it will distribute 1 billion JUR tokens to the platform's users.

According to the announcement from Jupiter's founder, known as @meow, 40% of the 10 billion JUP tokens that the team will put into circulation will be reserved for airdrops. As highlighted by the founder, the project will divide this percentage into four rounds of token distribution “to grow the pie”. The first distribution of JUP tokens will take place next month.

“This allocation, likely given to the DAO to manage, should give a huge incentive to the community to participate in initiatives to grow Jupiter, vet projects for the Solana ecosystem, and push the decentralized goal – all of these are our main goals,” he said.

No airdrop in sight

Earlier this month, the project launched a website that lets eligible Jupiter users find out how many JUP tokens they can earn in the airdrop.
The founder also announced that an additional 10% of the total JUP supply – i.e. 1 billion tokens – will go to contributors and community grants.

This means that 50% of all JUP tokens will go to the Jupiter community. The team will manage the other 50% of the token supply: 20% of the tokens will go to current team members, 20% will serve as a strategic reserve and another 10% will act as a liquidity provision.
“Thus, the 10 billion JUP tokens will be 50% managed by the team and 50% distributed to the community. Perfectly balanced, like all cats should be,” wrote @meow on X (formerly Twitter).
The project founder added that this balance will be extremely important to Jupiter's long-term success. After all, the community needs to trust the team and give it room for maneuver. Meanwhile, the team needs to trust the community and invite everyone to be genuine stakeholders.