Jupiter, a decentralized exchange aggregator, has received governance approval for a proposal to airdrop $860 million worth of Jupp tokens to community voters known as Jupuary. The initiative, led by Jupiter founder Meow, aims to encourage long-term participation. The proposal outlines a detailed roadmap for the airdrop, emphasizing community unity.
Meow emphasized the importance of collective decision-making. The proposal also addresses concerns about benefiting genuine, long-term participants rather than speculators or bots. Although Meow did not provide specifics on how Jupiter plans to achieve this goal, he explained that a portion of the Jupuary allocation will incentivize holding, buying, and using JUP for voting in the coming year.
The proposal also mentions specific allocations for stakers who consistently vote on proposals. Meow stated, “We will be hyper focused on including as many real users as possible, using key parameters like actual holdings, participation in the ecosystem, and consistency/place of usage. Notably, unlike the first Jupuary, bots will be explicitly excluded.” The $860 million airdrop represents a token distribution and a strategic step towards strengthening the Jupiverse, uniting stakeholders, and laying the groundwork for sustained growth in the years ahead.
The approval also paves the way for “Catstabul,” a significant milestone event in less than two months, where Jupiter plans to reveal initiatives with significant implications for token utility. These new efforts include a token audit, supply burn, and a refined platform strategy. Jupiter is Solana’s second-largest A, with over $2.5 billion in total value locked.
Source
<p>The post Jupiter’s Governance Approves $860M Token Airdrop to Community Voters first appeared on CoinBuzzFeed.</p>
