2023-11-19 08:31:37
The Jupiter Decentralized Crypto Exchange (DEX) will soon distribute 1 billion JUP tokens to its community members. 955,000 Solana wallets are eligible for the airdrop, thereby thanking them for their role as early adopters. Jupiter is one of the largest DeFi projects in the Solana ecosystem. The DEX aggregator allows users to find the best exchange rate when trading tokens. Jupiter’s announcement today is the first part of a 10 billion token airdrop announced on X (formerly Twitter). A significant part of the tokens, regarding 700 million, will be divided according to the trading volume. The first 2,000 wallets will increase by 100,000 tokens each. This is followed by 10,000 wallets that receive 20,000 tokens each, and then 50,000 with 3,000 tokens per wallet. Furthermore, 150,000 wallets will be enriched with 1,000 tokens. An additional 200 million tokens will be distributed equally among all 955,000 eligible crypto wallets, with each address receiving approximately 200 tokens. The remaining 100 million tokens will be distributed to active members of the community who are present on platforms such as Discord and X, or who work as developers. This distribution strategy of Jupiter tries to fairly reward those who are more active in relation to the project, and at the same time wants to have an incentive effect on the smaller wallets. Participants will have the opportunity to view their share on Jupiter’s website next week. Solana has become the focus of interest once more in recent months. The project and its native token, SOL, lost significantly in value following the collapse of FTX last year. This was because the crypto exchange had accumulated a lot of SOL, thus having a significant impact on its price. However, since then, companies such as Visa and Shopify have stated that they will use its blockchain. At the time of writing, SOL was trading at $58.24, according to CoinMarketCap.
1700386637
#million #Solana #wallets #benefit #Jupiters #airdrop
