Jupiter Exchange announces airdrop of 40% of the total JUP token supply to the community

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The market recovery in the last few days of 2023 is the “golden” driving force for project parties to launch tokens one after another and compete to airdrop them into the community to attract users.

Recently, at the Solana Breakpoint event, Jupiter Exchange announced that it is preparing to launch the project’s tokens and airdrops to the community.

According to preliminary information, JUP will serve as a governance token and be distributed in 3 parts:

40% goes to the community (a total of 4 rounds of airdrops)
20% Token Sale (will be locked)
40% for the team

It is worth noting that in the first airdrop, 955,000 users who supported the product early will receive tokens.

Currently, the token issuance date and airdrop time have not been disclosed. The project team said Jupiter will consult with the community over the next two weeks before announcing a specific date.

It is understood that Jupiter is a liquidity aggregation platform developed on the Solana ecosystem, with popular functions such as Swap, Limit Order or DCA. In the past 24 hours, trading volume on the Jupiter platform reached $71.8 million.

“Jupiter has long been the leading DEX on Solana. After Serum died due to the FTX crash, Jupiter stepped in to fill the void and bring new opportunities to Solana DeFi.”

Spencer Hughes, Analyst, Blockworks Research

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