Jupiter, the largest decentralized exchange aggregator on Solana by swap volume, unveiled a retrospective token airdrop program to reward early adopters.
The airdrop is part of a community-based initiative that will distribute four billion (40%) of Jupiter’s total 10 billion tokens to users in four phases, according to the project’s pseudonymous founder Meow. announced on X.
Starting next week, the first phase will release one billion Jupiter tokens to users who have done at least $1,000 in swap volume on the protocol. The eligibility list contains 955,000 wallets from a snapshot taken on November 2. The airdrop offers different reward levels based on the volume of user swaps. Future airdrop rounds will reward new users, the team clarified.
The official airdrop allocation website will go live next week so everyone can verify the amount allocated and other relevant details.
Jupiter consolidates the liquidity of multiple DEXs on Solana, so users can find the most favorable rates for their token swaps. The platform was developed in October 2021 by a group of pseudonymous developers.
Currently, the Jupiter DEX aggregator is one of the standout projects on Solana, with a trading volume of almost $1 billion in October.
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