Jupiter, the Solana-based decentralized exchange, has announced plans to reward its users with a massive 700 million JUP token airdrop in January 2025.
The initiative aims to enhance community engagement, boost liquidity, and strengthen interaction within the Jupiverse ecosystem.
Jupiter 700 million airdrop in January
The airdrop is strategically scheduled just before the major Catstanbul update, set to take place on January 25, 2025. The update is expected to attract new users and further decentralize the platform’s network.
The airdrop will be distributed in two main categories:
- Trading Volume and Expertise: Users with significant trading activity will be rewarded.
- Community Incentives (Carrots): Active community members who have contributed by assuming leadership roles, recruiting new users, or creating content related to Jupiter will also receive tokens.
To qualify, users must meet a minimum $800 trading volume between November 2, 2023, and November 2, 2024. Eligible participants will receive 50 JUP tokens, while transactions below $5, stablecoin-to-stablecoin trades, and bot-like activities are excluded.
Token Allocation and Vesting
Jupiter has allocated half of the total token supply to its community, with the remaining half reserved for the development team. The team’s allocation will remain under a vesting schedule until 2027, ensuring long-term commitment to the project’s growth.
The airdrop will run from January 18 to 24, 2025, with a transparency tool available days before the event to ensure fairness. Following the airdrop, Jupiter plans to burn 30% of its token supply during the Catstanbul event on January 26, 2025.
Market Performance and Prospects
Currently priced at $0.95, JUP has seen a 20% price increase over the past week. Its daily trading volume has surged to $120 million, reflecting growing interest among investors.
This airdrop is poised to be one of the largest in 2025, capturing significant attention within the crypto community. With Jupiter’s commitment to innovation and community rewards, the initiative could mark a major milestone for the Jupiverse ecosystem, setting the stage for future growth.
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