Jupiter is the Solana network’s primary DEX aggregator. As a reminder, this connects with various DEXs in the ecosystem in order to offer users the most profitable swaps. In January 2023 Jupiter was the center of attention after the distribution of its landing gear JUP. Now the community is preparing for a new landing.
- Jupiter, the Solana network’s primary DEX aggregator, drew attention with a massive landing of its JUP token and planned to distribute a total of 40% of its total supply to its community.
- After the original proposal was rejected, a new proposal was adopted, which plans to land in January 2025, with the aim of excluding bots and favoring real users.
Jupiter is planning a new landing
Jupiter started 2024 with a bang distributes 10% of its deliveries to early adopters via a large airdrop. In total, nearly a million wallets were eligible.
However, he It is not the only planned landing platform. In fact, the overall platform wants to distribute 40% of its total supply. This represents 4 billion tokens distributed to the community through several airdrops.
On November 25, Meow, the platform’s pseudonymous developer, submitted the file details of the next drop into the community via the DAO protocol.
In fact, this proposal aims to organize two new “Jupuary” events. Specifically, two new drops, each distributing 700 million JUP tokens. However, this proposal did not appeal to 70% of voters favor necessary for acceptance.
In January 2025, millions of JUPs were distributed
After the first proposal was rejected, Meow returned to the community on December 3rd new design. So it takes into account the community feedback that came out of the first draft. The main goal of this revision is to better align the distribution of JUP tokens with the interests of the community.
“Here’s an overview of the upcoming Jupuary vote. We worked very hard to develop it and solve all the key problems while maintaining the basics. »
On the one hand, this second proposal provides a explicit allocation for bettors. It even offers bonuses for those who have a history of consistent participation.
On the other hand, the community expressed their fear of seeing the airdrop distributed to bots rather than real users. Hence the second suggestion highlights the exclusion of botsfocusing on real users by analyzing chain behavior.
Additionally, Meow announced that a part of the allocated funds will be used to support detentionshopping and voting all year round. However, no details have yet been released on what form that might take.
Finally, the size of the airdrop will decrease and an incentive will be put in place to encourage users to keep their allocations.
In the end, this proposal seems unanimous, because it is received 87% of the positive votesthereby surpassing the 70% quorum mark.
Hence the protocol Jupiter will actually drop JUP tokens in January 2025. Hopefully this one will be as lucrative as the one in January 2024. The third drop should be distributed in January 2026.
As we can see during this upcoming landing, Jupiter emphasizes its community. A strategy he also uses Hyperliquid platform which also recently distributed airdrop to its users.