Jupiter Exchange, one of the biggest decentralized exchanges on Solana, is launching a massive airdrop of 700 million JUP tokens this January. This airdrop is not just a chance to earn tokens, but also an opportunity to get involved in the growing Jupiverse ecosystem. Here’s the key detail about the Jup airdrop.
Jupiter To Airdrop 700 Million JUP Token
In a recent tweet post Jupiter Exchange’s founder, Lochie Jarvis announced the 700 million JUP airdrop, which is set to launch in January. This initiative is all about rewarding active community members and encouraging people to trade, engage, and contribute to the platform.
Participants will be able to earn tokens for various actions, including swapping volumes, sharing knowledge, and engaging with the community on platforms like Discord, Reddit, and X.
How Will Tokens Be Distributed?
Here’s the breakdown of the airdrop distribution:
- 500 million JUP tokens will be given to users based on their swap volume and trading expertise.
- 200 million JUP tokens will be awarded as incentives (“carrots”) for active community members, content creators, and people nominating great traders.
This is a big plan to expand the community and make the Jupiverse ecosystem even bigger and more engaging!
Eligibility Criteria for the Airdrop
To be eligible for the airdrop, users need to have a minimum of $800 in swap volume. For that, they will receive 50 JUP tokens. If you’ve been active and have traded a lot, you’re in luck!
But remember, transactions under $5 won’t count, and any suspicious activity, like bot usage, will lead to exclusion.
However, the airdrop will roll out from January 18 to 24, right before the much-anticipated Catstanbul event on January 25. An airdrop checker tool will be available for fairness, so you can easily check your eligibility.
JUP Price Analysis
As of now, the JUP token is priced at $0.95, reflecting a slight rise with a market cap is $1.29 billion, showing growing confidence in the project.
However, The airdrop is likely to add even more excitement to the market and could potentially push the JUP price higher.
