Solana-based Coin “Jupiter” Is Set To AirDrop JUP Tokens Today
Jupiter (JUP) is a Solana-based decentralized exchange aggregator that is about to launch the JUP token AirDrop today.
The crypto market is highly anticipating the release of a total of 1.35 billion JUP that will circulate as of day one, with 1 billion JUP tokens for AirDrop, 250 million JUP for a launch pool, and 50 million JUP each for ‘loans to centralized exchange market makers” and “any immediate liquidity pool needs”.,
In addition, about 955,000 wallets are eligible for the JUP airdrop which includes early users who interacted with the protocol ahead of a November 2 snapshot. Jupiter has launched a tool to see whether you’re eligible and how many tokens you’ll get. Jupiter also said that 20% of the initial airdrop tokens will be evenly distributed across all wallets, while 70% will be given to users based on a “score-based distribution” dependent on protocol use. The remaining 10% will be given to the community members and developers.
Meow, the founder of Jupiter who remains anonymous has released a reduction on the altcoin’s maximum circulating supply from 1.7 billion to 1.35 billion tokens. The revision suggests that JUP/USD futures currently trading at $0.65, the altcoin could debut on centralized exchanges with an estimated market value of approximately $700 million.
Jupiter is Solana’s first on-chain swap aggregator. As one of the industry’s most advanced swap aggregation engines, Jupiter is successful in delivering essential liquidity infrastructure for the Solana ecosystem. In addition, Jupiter is also actively expanding its DeFi product offerings, featuring a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
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