Solana decentralized stock market aggregator Jupiter confirmed that its governance token JUP will be launched on January 31 – with the project set to drop nearly a million crypto wallets in its first phase.
As part of testing the launch pad, so did Jupiter’s pseudonymous founder Meow said yesterday – the project will conduct a test launch today with “mockJUP” and has plans for a memecoin launch next week, conducted on the platform by a third party. “Yes, it is a real memecoin. No, it’s not from Jupiter. No, it’s not a MEOW. Just wait,” Meow added.
The project also plans to kickstart its working group and “DAO vision” and finalize the final Jupiter white paper – ahead of the token launch.
The Jupiter airdrop
Jupiter first announced its retrospective airdrop plans to reward early adopters in November, and its airdrop allocation website went live on December 1.
The project will release four billion tokens, or 40% of Jupiter’s total supply of 10 billion tokens, to users in four phases. According to the project, future airdrop rounds will reward new users.
The first phase will release one billion Jupiter tokens to 955,000 eligible users who have executed at least $1,000 in swap volume on the protocol by the November 2 snapshot date, with different reward levels based on each user’s volume.
Jupiter is the largest DEX aggregator on Solana by swap volume, generating more than $16 billion in trading volume in December, compared to about $4 billion in November and $1 billion in October.
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