It may be difficult to keep an eye on all the token airdrops coming, but there’s certainly one of particular interest to Solana users: the launch of JUP, the token of decentralized exchange (DEX) aggregator Jupiter.
We formerly heard the Jupiter team was targeting a The month of january launch, however there is a narrower window if you want to plan accordingly. On Tuesday, pseudonymous founder Meow stated to anticipate the token airdrop over the past week from the month carrying out a lot of more prep with what it’s dubbed “Jupuary.”
“Given the extensive work load, we predict launch day to stay in the fourth week of Jupuary,” Meow tweeted. “Let’s focus on it together.”
They authored it still must communicate more round the launch, establish early infrastructure like liquidity pools and minting functionality, and focus on “ensuring no cats left behind”—that is, apparently, ensuring all qualified users can claim JUP. The planned launch follows three days of sorting final details using the community.
“So experiment we shall. And when we fuck up, we shall admit and we’ll improve,” Meow authored. “That’s the way we came to begin with I’m going to enter this latest phase exactly the same way. Appear, spend the money for cost, discover the painfully costly way as needed.”
In November, Jupiter stated that nearly millions of Solana wallets are qualified for that JUP airdrop. Jupiter launched an allocation check website at the begining of December, but users cannot claim tokens before the actual airdrop begins later this month.
Jupiter can give out as many as 4 billion JUP tokens—that’s 40% from the total supply—across four drops, having a billion tokens looking for the first wave. Users happen to be allotted shares of tokens according to factors such as their buying and selling volume around the aggregator and just how frequently they used the woking platform.
Based on data from Solana Floor and Step Finance, Jupiter experienced its largest month of buying and selling volume up to now in December about $16.65 billion price of transactions—more than three occasions greater than its previous peak month in May 2022.
Jupiter’s airdrop comes following recent Solana token drops for Jito and Pyth Network. Another airdrop for Solana users, Dymension, was was announced Tuesday.
Edited by Ryan Ozawa.
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