Solana (LEFT) Jupiter, a decentralized exchange (DEX) aggregator operating on the blockchain, JUP launched the first requests for its token airdrop.
The airdrop aims to distribute 40% of the total supply of 10 billion JUP tokens in four phases. In the first phase, one billion Jupiters will be awarded to users who have made at least $1,000 of swap volume on the protocol by the snapshot day on November 2. altcoin will be distributed.
However, some users expressed their dissatisfaction with the distribution made to them on various platforms, arguing that they should have received more tokens due to the age of their wallets and their heavy use of the protocol over the years.
The founder of the project, known by the pseudonym Meow, announced that in the first phase, 2% of the tokens will be distributed to all wallets, while 7% will be allocated “with adjusted volume-based points, in a tiered score-based distribution.” An additional 1% will be allocated to developers as well as community members on Discord and Twitter.
“We believe this distribution will reward power users and contributors significantly more, and likely give everyone else a reason to return and engage,” Meow said.
As of October, Jupiter facilitated $35 billion in cumulative transaction volume, with 80% of that volume generated by just 0.2% of all wallets.
*This is not investment advice.
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