Jupiter DeFi, a key player in the Solana ecosystem, primarily serves as an essential platform for liquidity aggregation. Its primary goal is to enhance the user experience (UX) by providing advanced tools for developers. Jupiter achieves this by integrating a diverse array of tokens, thereby improving routing efficiency between different token pairs. This integration is reported to ensure the best possible swap rates and user experiences. Additionally, Jupiter's tools are specifically crafted to facilitate seamless integration into a variety of applications or on-chain infrastructures. Â
What is $JUP?Â
The JUP token, serving as the governance token for Jupiter, plays a pivotal role in steering the decentralized governance of the Solana-based decentralized exchange (DEX). This token was designed to grant its holders the authority to partake in critical decision-making. These include determining strategies for liquidity and emissions, approving the creation of new tokens, and casting votes on various developments within the ecosystem. Â
When is the JUP Airdrop?Â
The airdrop claim is scheduled to commence at 10 a.m. ET on January 31, accessible through Jupiter's launchpad, which was recently used for the WEN token launch on Solana.Â
Who Can Claim the JUP Airdrop?
Approximately 955,000 Solana wallets are eligible for the JUP airdrop. This includes early users who interacted with the protocol before the snapshot on November 2. The distribution will allocate 20% of the initial airdrop tokens equally across all wallets, 70% based on a score-system reflecting protocol usage, and the final 10% to community members and developers. Â
Future Airdrops and Timeline:
Jupiter plans further airdrops for new users, although specific details and timelines for these events are currently unspecified. Â
How Many JUP Tokens Are In Circulation?
As per Jupiter's founder, meow, the JUP token will have a total circulating supply of 10 billion, with an equal division between the Jupiter team and community distribution. The initial airdrop will release 1 billion JUP, part of the 4 billion JUP set for distribution across four airdrop waves. Additionally, 1 billion JUP is reserved for community contributors and grants, though the timing for these initiatives is still to be announced.Â
Tokenomics of JUP
Half of the total JUP supply is allocated for team and token needs, including a liquidity pool. The Jupiter team's tokens are subject to a vesting period starting in January 2025, spanning two years.
Day One Circulation Details of JUP:Â
On the launch day, 1.35 billion JUP will be in circulation, consisting of 1 billion for the airdrop claim, 250 million for a launch pool, and 50 million each for loans to centralized exchange market makers and immediate liquidity pool needs. This figure is a reduction from the initially planned 1.7 billion JUP. Â
This launch represents a milestone for Jupiter and the broader Solana ecosystem, offering both early and future users significant opportunities.
