Jupiter, a DEX aggregator Solana SOL
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When users started claiming their tokens, some expressed dissatisfaction about their allocation on X and Discord, saying they should have received more tokens due to the age of their wallets and the extent to which they have used the protocol over the years.
The airdrop is designed to distribute four of the JUP 10 billion, or 40% of the total supply, in four phases, the project announced in November. The first phase will release one billion Jupiter tokens to users who have done at least $1,000 in swap volume on the protocol by the November 2 snapshot date.
Launch phases
The pseudonymous founder of the project, named Meow said at Another 1% would be allocated to community members on Discord and Twitter, as well as developers.
“We believe this breakdown will significantly more reward power users and contributors, while likely giving everyone else a reason to come back and participate,” Meow said.
According to its founder, Jupiter facilitated a cumulative trading volume of $35 billion in October, 80% of which was earned by 0.2% of all portfolios.
About the author
Anna is a senior policy reporter and assistant editor at The Block. She has a background in political journalism and has covered Russian civil society for a range of Moscow news media, including the award-winning newspaper Novaya Gazeta. Before joining The Block, Anna spent the past five years at CoinDesk researching cryptocurrency policy and adoption around the world. Anna owns bitcoin and a gift NFT with sentimental value.
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