Solana DEX Aggregator Jupiter Crypto Airdrop Started: 10% of Supply to be Allocated

Crypto News – The project announced on X on Friday that Jupiter, a DEX aggregator on the Solana blockchain, has begun accepting initial claims for its JUP token airdrop.

Solana DEX Aggregator Jupiter Crypto Airdrop Started: 10% of Supply to be Allocated

As users began to claim their tokens, some users on X and Discord voiced their dissatisfaction, alleging that given the age of their wallets and the amount of time they had spent using the protocol, they should have been given more tokens.

According to the project announcement in November, the airdrop is planned to disperse 40% of the overall supply, or four out of every 10 billion JUP, over the course of four phases. In the first phase, customers that have completed at least $1,000 in swap volume on the protocol by the snapshot date of November 2 will receive one billion Jupiter tokens.

Jupiter Crypto Founder Meow Talks About Airdrop

In the first phase, 2% of tokens will be issued to all wallets, with the remaining 7% going to a tiered score-based distribution system with a score determined by adjusted volume, according to the project’s anonymous founder, Meow, who spoke on X. Developers and members of the Discord and Twitter communities would receive an additional 1%.

We believe this breakdown will reward power users and contributors significantly more, while likely giving everyone else a reason to come back and engage,

Meow

The founder claims that by October, Jupiter had facilitated $35 billion in trading activity cumulatively, with 0.2% of all wallets accounting for 80% of that amount.