Jupiter’s anonymous founder Meow posted a long post on X, announcing plans to issue and airdrop JUP tokens in the fourth week of Jupuary.
According to founder Meow’s explanation, the preliminary token distribution plan of the Jupiter plan is as follows:
A total of 10 billion JUP tokens will be minted
These tokens will be evenly distributed into two cold wallets, with the community and the team each accounting for 50%
The team wallet will withdraw 10% of the total tokens for liquidity supply
The community wallet will withdraw 15% of the total tokens for the first airdrop and to meet recent community needs (1.5 billion for the first time)
In addition, the team wallet will use 5% of them Tokens (250 million) are placed in the initial token launch pool as a liquidity provider (LP). As for the distribution of the remaining 750 million tokens, it has not yet been decided, but it is possible that an additional 1-2% of the tokens will become circulated on the first day.
When the JUP token is launched on the first day, about 15% to 17.5% of JUP will enter the market circulation, and the other 7.5% to 10% will be stored in the team’s hot wallet for possible liquidity reserve supply. The remaining 75% will be stored in cold wallets.
Although JUP tokens have not yet been officially opened for trading, the on-chain options trading platform Aevo has launched JUP futures first, and the current price is temporarily quoted at US$0.76. The 24-hour drop was 3.95%. The trading volume in the past 24 hours was approximately US$57,000, and the current open interest is US$1.422 million.
If the off-site valuation is true, the amount of this airdrop may reach nearly 1.05 billion US dollars. If so, it will rank seventh in the past airdrop rankings, surpassing Celestia and second only to Bonk. It exists and is also the largest airdrop project on the Solana chain.
Jupiter is a decentralized transaction aggregator on Solana, allowing users to exchange tokens with low slippage and low transaction fees. Jupiter's goal is to provide products with multiple functions in one interface. The functions currently provided are: transaction aggregator, limit order, periodic fixed investment (DCA), cross-chain transaction aggregator and perpetual contract.
In addition, Jupiter also aims to build tools for developers so that they can easily connect DApps, user interfaces, or web browsers to the platform. Currently, well-known projects on Solana that have been connected to Jupiter include Orca, Raydium, Serum, etc.
The above is the detailed content of Jupiter aggregator is about to launch, and the 1.5 billion JUP airdrop is scheduled to start at the end of January!. For more information, please follow other related articles on the PHP Chinese website!