The decentralized trading aggregator Jupiter, built on Solana blockchain, will distribute its native JUP token today through an airdrop. With an initial maximum circulating supply of 1.35 billion tokens, the token will be distributed to market makers, liquidity pools, and eligible wallet holders. This could lead to a market capitalization of $891 million, with 1 billion tokens set aside for airdrops.
Jupiter Airdrop: Distributing JUP Tokens on the Solana Blockchain
Jupiter, a decentralized trading aggregator built on the Solana blockchain, announced an airdrop of its native JUP token to market makers, liquidity pools, and eligible wallet holders. With an initial maximum circulating supply of 1.35 billion tokens, the distribution could lead to a market capitalization of $891 million, with 1 billion tokens set aside for airdrops.
FAQs:
What is Jupiter? Jupiter is a decentralized trading aggregator built on the Solana blockchain. It aims to provide users with the best possible prices and trading experience by searching across multiple markets and protocols.
What is the JUP token? JUP is the native token of the Jupiter platform. It is used for governance, staking, and paying transaction fees.
How can I participate in the airdrop? To participate in the airdrop, you must have a Jupiter account and hold SOL tokens in your wallet. You can also stake JUP tokens to earn additional rewards.
How will the JUP token be distributed? The JUP token will be distributed to market makers, liquidity pools, and eligible wallet holders. The exact distribution criteria have not yet been announced.
When will the airdrop take place? The airdrop will take place on June 28, 2023.
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