Jupiter Exchange announced that it will airdrop 700 million JUP tokens in January. This initiative aims to reward active community members, increase liquidity and strengthen interaction in the Jupiverse ecosystem. The airdrop was planned ahead of the Catstanbul event, which will take place on January 25, and is expected to strengthen the platform’s decentralized network.
Airdrop Details
The airdrop will take place between January 18 and January 24, one week before the next Catstanbul event. Jupiter Exchange founder Lochie Jarvis explained the purpose of the airdrop in detail. Lochie Jarvis, founder of Jupiter Exchange, stated that the airdrop aims to reward community contributions and encourage active users.
50% of the total JUP supply will be allocated to the community and 50% to the team. The team’s tokens will have a vesting period until 2027. The airdrop will be based on participation based on exchange volume and trading activity, and users with a minimum exchange volume of $800 will be eligible to receive 50 JUP tokens.
Market Effects
JUP token is currently trading at $0.95 and has increased by 20% in the last week. According to DefiLlama reports, the Solana-based project achieved a transaction volume of $3.15 billion in the last 24 hours. The introduction of additional tokens into the market via airdrop may affect market dynamics.
“JUPUARY AIRDROP IS COMING SOON,” Lochie Jarvis announced on social media.
Additionally, Jupiter Exchange plans to burn 30% of its tokens during Catstanbul on January 26, 2025. This move reflects the project’s effort to build a strong and engaged community.
The airdrop event in January aims to attract new users to the platform and increase the loyalty of existing users. Publishing the airdrop control tool a few days before the event aims to ensure fairness and transparency.
2025 is predicted to be a year when many projects plan large-scale airdrops. This airdrop event by Jupiter Exchange is expected to be among the most important crypto airdrops of the year.
This move by Jupiter Exchange is considered as part of its strategy to increase user interaction in the ecosystem and support the token value. Attempts are made to increase interest in the platform by offering various participation conditions and rewards for users.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
