Jupiter, a decentralized exchange (DEX) on the Solana network, announced that it has launched a WEN airdrop that promises to reach over one million users. Called WEN, this unique event is based on a fractional non-fungible token (NFT) of a poem, now let’s further explore this airdrop and how to participate.
WEN Airdrop: Details and Dates
The airdrop is scheduled to begin on January 26. The poem that serves as the basis for this initiative, titled “A Love Letter to the Wen Bros,” is the work of Meow, the founder of Jupiter. The most intriguing thing is that this poem has been broken down into a staggering trillion pieces thanks to Ovols technology, giving rise to WEN tokens, which will be traded like any conventional Solana token.
WEN Airdrop: Details and Dates The airdrop is scheduled to begin on January 26. The poem that serves as the basis for this initiative, titled “A Love Letter to the Wen Bros,” is the work of Meow , the founder of Jupiter. The most intriguing thing is that this poem has been broken down into a staggering trillion pieces thanks to Ovols technology, giving rise to WEN tokens, which will be traded like any conventional Solana token.Requirements to participate in the WEN airdrop
In order to ensure fair distribution, Jupiter has established specific criteria. 70% of $WEN tokens will be distributed equally among over one million active Solana wallets. This distribution will include Jupiter users from the last six months, major NFT collection holders, Ovols holders, and Genesis Saga holders.
To be eligible, users must have made at least $5 worth of trades on Jupiter over the past six months before January 19, 2024, according to official information available on the WEN allocation website.
WEN Distribution
Meow, the creator of the poem and founder of Jupiter, shared in a tweet that the distribution will be extremely equitable from day one. This ensures that no one person can accumulate a sizable supply unless they purchase it in large quantities or use bots intensively, although the latter scenario is unlikely due to the security mechanisms in place.
Destination of airdrop funds
The remaining 20% of the funds will go to the innovative Decentralized Liquidity Mining Market (DLMM) pool, while the remaining 10% will go to the WEN treasury. Meow detailed that the treasury funds will have various purposes, such as providing liquidity, promoting WEN culture, and contributing to the development of the WNS ecosystem. Additionally, 1% of the treasury will be allocated to the LFG Launchpad, 0.75% to the future Jupiter DAO, and 0.25% to the team.
Testing with the LFG Launchpad and airdrop season in Solana
Jupiter will use its newly released LFG Launchpad as part of the distribution process, which is currently in beta. This announcement comes at a strategic time, in anticipation of Jupiter’s upcoming JUP token airdrop, scheduled for January 31. The distribution will include up to one billion units of JUP to nearly one million eligible wallets, marking another exciting phase in the evolution of the Jupiter ecosystem.
