CEO Jupiter Refers to Jupuary, Regular Airdrops for Jupiter Users

Source: Jupiter

Jupiter's CEO, an anonymous figure represented by a cat mascot named Meow, has introduced the term "Jupuary" in a recent X post. This term refers to the distribution of rewards, widely assumed to be regular airdrops on January 31 each year.

In a post on X (1/29/24), Meow apologized to new users of Jupiter Exchange for not being able to include everyone in the first JUP airdrop period. "We will do our best every January 31 to make users feel recognized and appreciated. It will take time, and we hope you stay with us," added Meow.


A user on X responded to the post by inquiring about the possibility of a second round of JUP airdrop. Meow replied that "every Jupuary" indicates the possibility of the next airdrop in January each year.

Source : Meow

Based on Meow's post regarding JUP tokenomics, four billion tokens or 40% of the maximum token supply will be distributed as airdrops. The first round today (1/31/24) will distribute one billion JUP tokens.

Assuming the distributed token amount remains the same each year, there will be at least three upcoming rounds of airdrops until 2027. However, details about the specific amount to be distributed to users during the regular January 31 airdrop are not yet explained in detail.
Prior to the JUP airdrop, Jupiter users received an airdrop of the meme coin Wen (WEN). Besides serving as user rewards, this token also acted as an experimental token to anticipate claims for the JUP airdrop.

Developers aimed to observe how the Jupiter web infrastructure and Solana network handle airdrops with over 500,000 wallets making claims.

Despite being experimental tokens, each eligible wallet received 643,652 WEN, equivalent to around IDR 1.8 million at its highest price (1/29/24).

Considering that rewards or airdrops depend on user activity and the potential for future airdrop rounds, it is not too late to engage with Jupiter as a routine dApp on the Solana network.

Read Too : Google Allows Official Ads for Bitcoin Spot ETF

*Disclaimer:

This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.