IMPORTANT POINTS:
- Jupiter announces airdrop of 1 billion tokens on Solana.
- Distribution of JUP tokens between the Jupiter community and team.
- Jupiter team supports growth of the Solana ecosystem.
The founder of Jupiter, a decentralized exchange (DEX) operating on the Solana (SOL) blockchain, known by the pseudonym Meow, has revealed on social media platform of the next year. According to Meow, of the 10 billion JUP tokens that will be minted in total, half will go to the community and the other half to the Jupiter team.
Airdrop Structure and Token Distribution
40% of the total amount of tokens has been reserved for four rounds of airdrops for the community, starting the first round in January. Meow explains that the project’s tokenomics structure seeks to balance influence between the Jupiter team, focused on recruiting talent and developing products, and the community, which provides oversight and balance.
Jupiter Team Vision and Support for Solana
The Jupiter team sees itself as a driver of the entire ecosystem, with the goal of helping Solana and the broader crypto ecosystem thrive. Meow maintains that Solana is ideal for attracting the next billion blockchain users. By promoting the use of JUP, users also engage with other aspects of Solana. Meow emphasizes that, with a complete set of efficient trading products, users will not feel the need to return to centralized exchanges (CEXes).
The Jupiter founder anticipates that more details about the JUP airdrop and liquidity provision will be shared in the coming weeks, creating anticipation in the cryptocurrency community. These announcements are awaited with interest by users and participants in the crypto ecosystem.
