In January, Jupiter, the decentralized finance (DeFi) aggregator based on Solana, will launch its much-anticipated airdrop.
The creator of Jupiter, also known as Meow on X, revealed the details of the airdrop with the words:
“As I have said from day one, this is not just my journey, this is ours.”
The much anticipated January Jupiter airdrop in Solana will only be available to wallets that communicated with the defi platform before November 2, 2023. Jupiter may make other drops announcements in the upcoming fiscal year.
According to several news reports, the Jupiter team intends to start the airdrops in four stages. Almost a million Solana wallets will get one billion JUP tokens in the first phase.
The Solana defi aggregator launched a website at the beginning of December so those who qualified for the drop could monitor the quantity of tokens they might obtain.
As to the official Jupiter website, the Jupiter tokens will serve as a means of governance, enabling community members to take part in the approval, sanctioning, and voting process for different components of the Jupiter platform.
The platform’s founder described the tokenomics of the new coins, indicating that the community would receive half of the total supply and the team would control the other half.
The project manager expressed in his X post that successful collaboration requires the community and the team to develop trust. They continued by saying that the community should trust the team’s abilities and provide them the required room to function.
The group itself needed to trust the community and actively involve all members as stakeholders. Jupiter Founder on his confidence in the projects organization:
“It will take time, years, but based on what I’m seeing so far, I’m actually incredibly bullish our DAO can get there. Slowly and incrementally for sure, but we will. One reason why I’m so bullish on this is because of the unique, positive, expansive vibes of the Jupiter and Solana community.”
Market researcher Jacob Canfield reports that Jupiter’s total trading volume today nearly crossed the $1 billion threshold, coming in at $992 million.
Over $10 billion worth of trades have been placed on the DEX in the past seven days, figures that Solana fans are delighted with as the Jupiter airdrop approaches.
