The year is starting with a bang for Jupiter, the essential decentralized exchange aggregator (DEX) of the Solana blockchain. After making an impression last January with the distribution of 1 billion JUP tokens during a massive airdrop, the protocol returns to the forefront with a new edition of its emblematic event, “Jupuary”.
“Jupuary”: The Jupiter airdrop is back
Discreet during this year 2024, the decentralized exchange aggregator (DEX) Jupiter nevertheless caused a sensation in January by distributing 1 billion JUP tokens to around 955,000 addresses eligible for its first airdrop.
Today, the 2nd protocol of the Solana blockchain in terms of total value locked (TVL) is once again in the news for its new airdrop. This was expected, since Jupiter had planned from the start to distribute tokens every January 31 until the year 2026 (an airdrop is possible in 2027, but it remains unconfirmed to date). An event called “Jupuary” in reference to the protocol.
For this new iteration, the airdrop will be divided into 2 groups. DEX users and those who have already staked JUP tokens will share 500 million tokens, while the “Carrots” and the “Good Cats” will share 200 million tokens.
2 million users recognized as “human” will be eligible for the Jupiter airdrop as long as they have swapped a minimum of 1,000 dollars by swapping cryptocurrencies. 320,000 addresses are considered eligible thanks to tradingwhether with perpetual contracts, by doing DCA, spot or with limit orders.
???? Discover our selection of the best platforms for trading perpetual contracts
Details of addresses eligible for the Jupiter airdrop (swaps and trades)
650,000 addresses will share 37.5 million JUP tokens if they participated in staking before the snapshot, at a ratio of 0.1 JUP per token placed in staking. Those who voted via the protocol’s DAO will be given a token bonusat the ratio of 0.3 JUP per JUP staked.
Expected Allocations for JUP Token Stakers Eligible for the Jupiter Airdrop
The «Carrots» are users who have kept their airdrop, those who have repurchased JUP tokens, or those who have previously been classified as bots by mistake. An allocation of 50 to 200 JUP tokens will be paid to them.
Les « Good Cats » as for them are those considered as users who have contributed positively to the evolution of Jupiter. The latter must complete a form to detail their actions for this purpose, and their allocation will be determined later.
As was specified in the various press releases from the Jupiter teams, these allocations are still in the status of draft and are therefore subject to change. The community is also invited to provide feedback regarding these different allocations.
Try dYdX now: the preferred DEX for crypto traders!
A long-term craze?
Jupiter has the merit of not having collapsed after its first airdropcompared to a very large number of projects, whether full-fledged blockchains or protocols.
???? Is this the big return of Initial Coin Offerings (ICO) with the arrival of Donald Trump?
As we can see below, since the Jupiter DEX launched earlier this year, its total value locked (TVL), shown in yellow, has continued to increase. In terms of volumes on its perpetual contracts, the latter, indicated in purple, remained relatively similar from the launch of the platform until the beginning of November, before increasing considerably.
Evolution of TVL and perps volumes on Jupiter
The price of the JUP token is currently $0.8, for a total diluted capitalization (FDV) of $8.05 billion. The initial total supply was initially set at 10 billion tokens, but a DAO vote last August predicted a burn of 3 billion tokens, which will bring the supply to 7 billion units.
Aevo: trading cryptos not yet released on the market
Source : DefiLlama
La Newsletter crypto n°1 ????
Receive a summary of crypto news every day by email ????
Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
As Editor-in-Chief of Cryptoast, I am committed to making the world of cryptocurrencies and Web3 accessible to everyone. An expert in identifying the most relevant news, I attach great importance to the quality of the articles produced by Cryptoast. I ensure that our readers benefit from reliable, verified information presented in a clear and easy-to-read manner. My goal is to share quality knowledge to better inform and educate our audience about this constantly evolving world.
Maximilien Prue
1321 articles
