Solana DEX aggregator Jupiter starts token airdrop, with 10% of supply set to be allocated

Jupiter, a DEX aggregator on Solana blockchain, opened up inital claims for its JUP token airdrop, the challenge announced on X on Friday. 

As customers began claiming their tokens, some expressed discontent over their allocation on X and Discord, saying they need to have obtained extra tokens because of the age of their wallets and the way a lot they used the protocol over time.

The airdrop is designed to distribute 4 out of 10 billion of JUP, or 40% of the entire provide, in 4 phases, the challenge introduced in November. The primary section will launch one billion Jupiter tokens to customers who’ve accomplished a minimal of $1,000 in swap quantity on the protocol by the snapshot date of Nov. 2.

Launch phases

The challenge’s pseudonymous founder who goes by Meow said on X that the primary section would see 2% of tokens distributed to all wallets, with 7% allotted in a “tiered rating primarily based distribution, with rating primarily based on adjusted quantity.” One other 1% could be allotted to group members on Discord and Twitter, and builders.

“We consider this breakdown will reward energy customers and contributors considerably extra, whereas doubtless giving everybody else a motive to return again and interact,” Meow stated. 

In accordance with the founder, Jupiter facilitated $35 billion in cumulative buying and selling quantity by October, with 80% of that made by 0.2% of all wallets.

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