Jupiter, a decentralized change (DEX) aggregator working on the Solana (SOL) blockchain, has introduced the opening of preliminary claims for its JUP token airdrop.
In a latest publish on X (previously Twitter), the mission stated customers can now start claiming their tokens.
🪂https://t.co/PANVebIk0I
— Jupiter 🪐 (@JupiterExchange) December 1, 2023
The airdrop has been designed to distribute 40% of the entire JUP token provide, which quantities to 4 out of the ten billion tokens.
The distribution will happen in 4 phases, as outlined by the mission in a November announcement.
The primary section will launch one billion Jupiter tokens to customers who’ve performed a minimal of $1,000 in swap quantity on the protocol by the snapshot date of November 2.
Meow, the pseudonymous founding father of the mission, shared particulars in regards to the allocation course of on X.
Within the first section, 2% of the tokens shall be distributed to all wallets, whereas 7% shall be allotted by means of a “tiered rating primarily based distribution” that considers adjusted quantity.
An extra 1% shall be allotted to neighborhood members on platforms like Discord and Twitter, in addition to builders.
Meow expressed the assumption that this breakdown would reward energy customers and contributors extra considerably, whereas additionally offering an incentive for others to interact with the platform.
In response to the founder, Jupiter has facilitated a cumulative buying and selling quantity of $35 billion as of October, with 80% of that quantity being generated by solely 0.2% of all wallets.
Some Customers Are Not Happy With the Airdrop
Nonetheless, some people have expressed dissatisfaction with their allocation, claiming that they need to have obtained a bigger share primarily based on components such because the age of their wallets and their degree of engagement with the protocol over time.
“The identical pockets used Jup in 2021 greater than 40x, 2022 greater than 20x and used nicely sufficient in 2023,” one Twitter person stated.
To find out eligibility for the airdrop and verify their allocations, customers are suggested to observe the directions supplied by the Jupiter mission.
