TL;DR
- Jupiter DEX will distribute 700 million JUP tokens in January 2025, valued at approximately $580 million, to users, stakers, and contributors as part of the “Jupuary” airdrop event.
- The airdrop aims to incentivize active participation within the Jupiter ecosystem, with 500 million tokens distributed on a fixed basis per wallet and 200 million tokens allocated as variable rewards and incentives.
- Jupiter plans to reduce the maximum supply of JUP tokens from 10 billion to 7 billion by burning over 3 billion tokens, a move approved by the community in August 2024.
Jupiter DEX, the largest aggregator on Solana, has announced an exciting airdrop event for January 2025. Dubbed “Jupuary,” this event will distribute 700 million JUP tokens, valued at approximately $580 million, to users, stakers, and contributors.
The airdrop aims to incentivize existing and new users, further expanding the JUP community and enhancing the platform’s ecosystem.
https://twitter.com/JupiterExchange/status/1872308266983944399
Distribution Strategy and Criteria
The exchange team has segmented the distribution strategy into two primary groups: “users and stakers” and prominent community supporters known as “Carrots and Good Cats.” The specific criteria for the airdrop are still being finalized, with ongoing discussions within the community regarding eligibility guidelines.
A draft proposal considers the trading volume across all Jupiter products from the past year. According to this draft, users with a minimum annual volume of $800 would receive at least 50 tokens, while those with $29,000 in trading volume would receive 250 tokens. There are 2.3 million eligible wallets for this airdrop.
Incentives for Active Participation
The airdrop is designed to reward active participation within the Jupiter ecosystem. The distribution structure aims to incentivize both existing and new users, with a focus on trading activity.
The event will distribute 500 million JUP tokens on a fixed basis per wallet while the remaining 200 million tokens will be allocated as variable rewards and incentives. This approach ensures that active users and contributors are adequately rewarded for their engagement with the platform.
Historical Context and Future Plans
Last year, Jupiter distributed almost 1 billion JUP tokens to users who had completed a minimum of $1,000 in swap transactions on the platform before the November 2023 snapshot.
The token’s circulating supply currently stands at 1.35 billion tokens, with a maximum supply of 10 billion tokens. However, Jupiter plans to reduce the maximum supply from 10 billion to 7 billion tokens by burning over 3 billion tokens, a move approved by the community in August 2024.
The upcoming Jupuary airdrop represents a significant milestone for Jupiter and its community. By distributing 700 million JUP tokens, Jupiter aims to incentivize active participation and expand its user base.
