Initial Token Claims Now Open
Jupiter, a decentralized exchange (DEX) aggregator running on the Solana (SOL) blockchain, has announced the opening of initial claims for its JUP token airdrop. The project made this announcement in a recent post on X (formerly known as Twitter), stating that users can now begin claiming their tokens.
The airdrop has been designed to distribute 40% of the total JUP token supply, consisting of four out of the 10 billion tokens. According to the project’s November announcement, the distribution will occur in four phases.
Allocation Breakdown for the Airdrop
Meow, the pseudonymous founder of the project, provided details about the allocation process on X. In the first phase of the airdrop, 2% of the tokens will be distributed to all wallets. Additionally, 7% will be allocated through a “tiered score-based distribution” that takes adjusted volume into account. A further 1% will be allotted to community members on platforms like Discord and Twitter, as well as developers.
This breakdown aims to reward power users and contributors more significantly, while also incentivizing others to engage with the platform. Jupiter has facilitated a cumulative trading volume of $35 billion as of October, with 80% of that volume generated by only 0.2% of all wallets.
“The same wallet used Jup in 2021 more than 40x, 2022 more than 20x, and used well enough in 2023,” one Twitter user said.
However, some individuals have expressed dissatisfaction with their allocation, claiming that they should have received a larger share based on factors such as the age of their wallets and their level of engagement with the protocol over the years.
Checking Eligibility and Allocations
To determine eligibility for the airdrop and check their allocations, users are advised to follow the instructions provided by the Jupiter project.
