Before Solana’s mainstream exchange Jupiter officially launches its native token JUP, the founder announced that it will conduct an airdrop of new currency $WEN. Qualified users can receive 643,652 WEN tokens.
What is Jupiter?
Jupiter is an aggregation exchange on the Solana chain, established in 2021. After three major revisions, Jupiter has become one of the key protocols in the Solana ecosystem. According to Jupiter's official information, as of October 31, 2021, the exchange's trading volume was approximately $44 million, accounting for 41% of the total trading volume on the Solana chain that day.
Jupiter has previously revealed that it will conduct an airdrop of native tokens and officially launch JUP tokens at 23:00 on January 31, Beijing time. In addition, they also announced the launch of a Meme coin project called $WEN, which is supported by NFT team Ovols.
Jupiter’s new airdrop $WEN
Jupiter founder Meow (pseudonym) tweeted that WEN will be released through LGFLaunchpad Beta at 23:00 Beijing time on the 26th.
Specifically, the $WEN token originated from a letter Meow wrote in December last year in response to the word "WEN" unique to the crypto community. This letter was made into an NFT by the NFT technology team Ovols and split into quasi-fungible tokens using the New NFT Token Standard (WNS), thus promoting the issuance of a large number of WEN tokens.
Token distribution is as follows:
70%: distributed to more than 1 million addresses, including active Jupiter users in the past six months.
20%: used for the initial liquidity of the fund pool.
10%: reserved for the WEN project treasury
1% of the treasury will be given to LFGLaunchpad, 0.75% to JupiterDAO, 0.25% Give to the Jupiter team.
$WEN token air investment price
According to WEN’s official website, users must trade at least $5 on Jupiter in the six months before January 19 this year To be eligible, blue-chip NFT holders (not specified), holders of NFT projects Ovols and Genesisaga can also apply.
will receive 643,652 WEN tokens.
Qualification for airdrop application
Purpose of WEN issuance: Can only animals be used as Meme coins?
The purpose of WEN issuance includes:
Give back to Solana (community).
Just in time to conduct a low-risk stress test on LFGLaunchpad before JUP is released.
Observe whether WEN can be widely recognized? Can WEN become the first Meme coin based on fragmented NFT?
Jupiter founder Meow said: It is known that I am a prose lover. Although prose is not as intuitive as cute animals, I believe that Meme coins based on prose are extremely versatile. There is a lot of room to become a part of Meme coins. If this goal is achieved together, it will make a very, very good contribution to how the public views Meme coins, culture and prose.
The above is the detailed content of Jupiter's native token JUP will soon be listed on the Solana exchange, and an airdrop of the new meme currency WEN will be announced at the same time.. For more information, please follow other related articles on the PHP Chinese website!