[Latest News]
According to BlockBeats, Jupiter announced that it will conduct the Jupuary airdrop next month, totaling 700 million JUP tokens worth over $590 million, with a total of 425 million JUP allocated to users, of which 75 million JUP is reserved for stakers.
1. Project Overview
Jupiter is a Solana-based DEX aggregator designed to collect liquidity for traders seeking the best possible prices and minimal slippage. Initially envisioned as a trading engine, the protocol has since launched many different products for various types of users, such as Dollar Cost Averaging (DCA), limit orders, perpetual trading, and the recent Launchpad.
Tags: DeFi, DEX, Derivatives, DEX Aggregator, Perpetual Contracts, Launchpad
Ecosystem: Solana
Established: 2021
2. Token Economics
The total supply of JUP tokens is set at 1 billion, with the following specific allocations:
Governance: In the initial phase, JUP tokens will be used for governance of the upcoming Jupiter DAO (Decentralized Autonomous Organization). Token holders will have a say in the decision-making process and can coordinate the development of the Jupiter ecosystem.
Community Incentives: A large portion of the total supply of JUP tokens (4 billion tokens or 50% of the total supply of 10 billion) will be distributed to the community through regular airdrops. This aims to reward existing users for their participation and support and incentivize further engagement with the Jupiter platform.
Team and Strategic Reserve: 20% of the total supply is allocated to the current Jupiter team, with a two-year vesting period to ensure long-term commitment. An additional 20% is set aside as a strategic reserve for future team members, strategic investors, and past stakeholders.
Liquidity Provision: 10% of the total supply will be used to provide liquidity and will be stored in the team's multi-signature wallet.
Community Contribution: 1 billion JUP tokens will be provided to community contributors in the form of grants managed by the Jupiter DAO.
It is important to note that the JUP token is not designed as a utility token. The value of the token is not necessarily related to its utility but rather to its perceived value within the Jupiter ecosystem and the broader cryptocurrency market.
3. Airdrop Details
The total amount of JUP for users is 425 million, of which 75 million JUP is reserved for stakers.
The number of eligible wallets is approximately 2.3 million, specifically including the following:
Including 2 million swap trading users and 320,000 professional traders;
For every 1 JUP staked, a reward of 0.1 JUP is granted.
PS: Jupiter emphasizes that this allocation is only a draft, and applications will open in January.
4. Future Vision
As network activity on Solana continues to increase, we expect Jupiter to capture significant liquidity through its established ecosystem presence, various product suites, and sustainable revenue models, which should benefit $JUP holders in the long term.
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with the relevant laws and regulations in your area. Investing is at your own risk.
