bitcoin
bitcoin

$94601.146787 USD

-1.52%

ethereum
ethereum

$3350.232510 USD

-0.82%

tether
tether

$0.998388 USD

-0.05%

xrp
xrp

$2.165638 USD

0.14%

bnb
bnb

$697.467253 USD

0.47%

solana
solana

$185.807400 USD

-1.48%

dogecoin
dogecoin

$0.315302 USD

0.60%

usd-coin
usd-coin

$0.999946 USD

-0.01%

cardano
cardano

$0.880588 USD

1.56%

tron
tron

$0.260397 USD

0.99%

avalanche
avalanche

$36.902997 USD

-1.24%

toncoin
toncoin

$5.685248 USD

-1.40%

chainlink
chainlink

$21.389589 USD

-6.05%

shiba-inu
shiba-inu

$0.000022 USD

0.63%

sui
sui

$4.061135 USD

-3.31%

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.

Jupuary: Jupiter DEX Aggregator to Airdrop 700 Million JUP Tokens in January 2025

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.

News source:www.cryptotimes.io

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Dec 28, 2024