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Cryptocurrency News Articles
Jupuary: Jupiter DEX Aggregator to Airdrop 700 Million JUP Tokens in January 2025
Dec 27, 2024 at 06:50 pm
Jupiter, the largest decentralized exchange (DEX) aggregator on Solana, is set to distribute 700 million JUP tokens — valued at approximately $590 million — in a massive January 2025 airdrop.
Jupiter, a prominent decentralized exchange (DEX) aggregator on Solana, is preparing to distribute 700 million JUP tokens — valued at around $590 million — in a substantial January 2025 airdrop.
This event, dubbed “Jupuary,” is part of Jupiter’s strategy to expand its community and reward contributors.
The distribution will consider activities recorded in a previous snapshot, benefiting users, stakers, and key contributors. Jupiter’s draft outlines eligibility criteria such as trading volume on the platform, participation in advanced features, and staking activity within the Jupiter DAO.
Expert traders will be rewarded across seven tiers, with a total allocation of 85 million JUP. Top-performing traders may receive up to 100,000 JUP per wallet.
Staking participants in the Jupiter DAO will receive 37.5 million JUP, distributed proportionally to their staking amounts. Additionally, active DAO participants, known as “Super Voters,” who participated in at least 13 out of 17 governance proposals will be eligible for a further 37.5 million JUP.
To incentivize the use of its mobile app, Jupiter is offering an extra 190 million JUP to users who claim their tokens through the app and proceed to stake them. These bonuses will range from 50 to 200 JUP per wallet.
While the airdrop aims to reward community engagement, some users have expressed dissatisfaction with the significant disparity between swap tiers. Others have advocated for increased rewards for users of Jupiter Perps, a feature that directly contributes to the platform’s revenue through fees.
The Jupiter team has welcomed feedback from the community, indicating that the plan may be adjusted based on suggestions.
In the future, Jupiter plans to distribute 4.25 billion JUP tokens over 2025, including incentives for swap users, expert traders, and staking participants.
Meanwhile, rumors of an airdrop are circulating after OpenSea’s recent registration in the Cayman Islands, a jurisdiction known for favorable crypto regulations.
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- BingX Launches ALTCOIN Index Futures, a New Trading Product Designed to Simplify Cryptocurrency Trading
- Dec 28, 2024 at 12:45 pm
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