Jupiter Announces Distribution of 950,000 Wallets on Solana
Date: 2023-11-18 Author: Dima Zakharov Categories: IN WORLD
Introducing Jupiter's Token Distribution
Jupiter, a significant decentralized exchange aggregator on Solana by swap volume, has unveiled a retrospective token distribution program to reward its early adopters.
Community-Oriented Airdrop Initiative
This airdrop forms part of a community-centric initiative that will allocate four billion (40%) out of a total of 10 billion Jupiter tokens across four stages to its users, as announced by the project's founder under the pseudonym Meow.
The Phased Airdrop Process
Starting next week, the first phase will release one billion Jupiter tokens for users engaging in swaps through the protocol, amounting to at least $1000. The snapshot taken on November 2 includes 955,000 wallets as eligible participants. Varied reward levels will be provided based on users' swap volumes. The team clarified that future distribution rounds will reward new users.
Upcoming Steps
The official airdrop distribution site is set to launch next week, enabling users to verify distribution amounts and other pertinent details.
Jupiter's Role in Solana
Jupiter consolidates liquidity from multiple DEXs on Solana, ensuring users access the most advantageous token exchange rates. The platform was developed by an anonymous group of developers in October 2021.
Jupiter's Significance
Presently, Jupiter DEX aggregator stands as a prominent project on Solana, with October witnessing trading volumes nearing $1 billion.
