{"id":238968,"date":"2024-01-31T17:12:49","date_gmt":"2024-01-31T11:42:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=238968"},"modified":"2024-01-31T17:12:49","modified_gmt":"2024-01-31T11:42:49","slug":"what-is-jupiter-jup-what-you-need-to-know-about-its-airdrop-on-solana-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-is-jupiter-jup-what-you-need-to-know-about-its-airdrop-on-solana-crypto-news\/","title":{"rendered":"What is Jupiter (JUP)? What You Need To Know About Its Airdrop on Solana &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The Jupiter (JUP) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/214841\/jupiter-airdrop-what-you-need-know-about-solana-jup-token-launch\" class=\"sc-adb616fe-0 iLQIVg\">token launch<\/a> on <span class=\"link\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-solana-a-scalable-decentralized-network-for-dapps\" class=\"sc-adb616fe-0 iLQIVg\">Solana<\/a><\/span> is an upcoming event within the cryptocurrency and decentralized finance (<span class=\"link\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/defi-ultimate-beginners-guide-decentralized-finance\" class=\"sc-adb616fe-0 iLQIVg\">DeFi<\/a><\/span>) sector.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Jupiter, a decentralized exchange (<span class=\"link\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-decentralized-exchange-dex\" class=\"sc-adb616fe-0 iLQIVg\">DEX<\/a><\/span>) aggregator, is set to distribute the JUP token on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/212884\/jupiter-finally-sets-date-jup-airdrop-teases-meme-coin-drop-solana\" class=\"sc-adb616fe-0 iLQIVg\">January 31<\/a>, with claims opening at 10am ET. This distribution is part of a broader strategy to integrate the token within the Solana ecosystem.<\/p>\n<h2 class=\"sc-b2a202e4-2 dRRBRJ gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\">Eligibility and Distribution Strategy<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The JUP airdrop is available to Solana wallet holders who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/206422\/jupiter-airdrop-solana-dex-aggregator\" class=\"sc-adb616fe-0 iLQIVg\">interacted with the Jupiter protocol<\/a> before a snapshot taken on November 2. Ultimately, 4 billion JUP will be distributed across four airdrop waves, with 1 billion set for the initial airdrop on January 31.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The distribution strategy for the JUP token includes:<\/p>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">20% of the initial airdrop tokens evenly distributed across all eligible wallets.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">70% allocated based on a scoring system that reflects the user&#8217;s engagement with the protocol.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">10% reserved for community members and developers.<\/li>\n<\/ul>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Future airdrops are planned for new users, although specifics regarding timing and distribution have not been disclosed.<\/p>\n<h2 class=\"sc-b2a202e4-2 dRRBRJ gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\">Tokenomics<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The tokenomics of the JUP token encompass:<\/p>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><strong>Total Supply<\/strong>: 10 billion JUP tokens.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><strong>Community Allocation<\/strong>: 50% of the total supply is set aside for community distribution through airdrops and other initiatives.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><strong>Team and Operational Needs<\/strong>: The remaining 50% is allocated for team and operational needs, with team allocation subject to a vesting period starting in January 2025.<\/li>\n<\/ul>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The circulating supply at launch will be 1.35 billion JUP, which includes 1 billion tokens allocated for the airdrop claim, 250 million for a launch pool, and 50 million each for loans to centralized exchange market makers, and immediate liquidity pool needs.<\/p>\n<h2 class=\"sc-b2a202e4-2 dRRBRJ gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\">Technology and Platform Use<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Jupiter utilizes the Solana blockchain for its operations, leveraging the blockchain&#8217;s capabilities for high-speed and low-cost transactions.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The platform&#8217;s key features include:<\/p>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Optimized Trade Execution: Jupiter aggregates liquidity from multiple decentralized exchanges on Solana to provide users with optimal trading prices and reduced slippage.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Enhanced Trading Experience: The use of Solana&#8217;s blockchain technology aims to facilitate efficient and cost-effective trading on the platform.<\/li>\n<\/ul>\n<h2 class=\"sc-b2a202e4-2 dRRBRJ gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\">Conclusion<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The launch of Jupiter\u2019s JUP token on the Solana blockchain represents a strategic effort to distribute the token to a wide user base and integrate it within the DeFi ecosystem on Solana.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The distribution approach and subsequent tokenomics are designed to support the platform&#8217;s operations and incentivize user engagement and participation in the protocol.<\/p>\n<div>\n<p class=\"font-bold uppercase text-sm text-body gg-dark:text-neutral-100\">Editor&#8217;s note<\/p>\n<p class=\"content font-akzidenz-grotesk font-bold uppercase opacity-60 text-sm\">This article was written with the assistance of AI. Edited and fact-checked by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/author\/stephengraves\" data-wpel-link=\"internal\">Stephen Graves<\/a><\/p>\n<\/div>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\" \/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\" \/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl mb-6 md:text-center gg-dark:text-white\">Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Jupiter (JUP) token launch on Solana is an upcoming event within the cryptocurrency and decentralized finance (DeFi) sector. Jupiter, a decentralized exchange (DEX) aggregator, is set to distribute the JUP token on January 31, with claims opening at 10am ET. This distribution is part of a broader strategy to integrate the token within the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":238969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-238968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=238968"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238968\/revisions"}],"predecessor-version":[{"id":238974,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238968\/revisions\/238974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/238969"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=238968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=238968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=238968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}