8 months ago
Jupiter successfully launched its JUP token. The airdrop, 1 of the largest successful crypto history, distributed an astounding $700 cardinal worthy of JUP tokens to astir a cardinal wallet holders.
Jupiter’s JUP Token Airdrop Distributes to Nearly a Million Users
The cryptocurrency satellite witnessed 1 of the largest token airdrops successful its past connected Jan. 31, arsenic Jupiter, a Solana-based decentralized trading aggregator, launched its autochthonal token, JUP. The lawsuit distributed astir $700 cardinal worthy of JUP tokens to astir a cardinal wallets.
Jupiter’s founder, known pseudonymously arsenic weremeow connected X, announced the launch details successful a forum post, revealing that the archetypal circulating proviso of JUP would beryllium 1.35 cardinal tokens, a simplification from the antecedently projected 1.7 billion. This accommodation brought the full proviso to 10 cardinal JUP tokens, divided evenly betwixt squad and assemblage wallets. The airdrop constituted 10% of the full supply, amounting to 1 cardinal JUP.
The organisation was portion of a broader strategy to prosecute and reward the community. The allocation included 250 cardinal JUP for a motorboat pool, reduced from an archetypal 500 million, and 50 cardinal each for loans to marketplace makers connected centralized exchanges and contiguous liquidity excavation needs. Additionally, a buffer of 33 cardinal JUP was acceptable speech for assorted contingencies.
The motorboat was notable not lone for the standard of the airdrop but besides for its interaction connected the Solana blockchain. Despite the monolithic influx of transactions, the network maintained stability, processing claims and trades connected decentralized exchanges with minimal issues. However, immoderate RPC nodes faced challenges successful the archetypal 30 minutes, affecting the idiosyncratic experience.
By the extremity of the archetypal hour, implicit 20% of the 1 cardinal JUP earmarked for the airdrop had been claimed. The token’s terms showed singular growth, opening astatine $0.41 and reaching $0.72, pushing its afloat diluted marketplace headdress supra $6 billion.
Centralized exchanges, including Bybit, Binance, Bitfinex, and Okx, had listed JUP successful anticipation of the launch. The token’s trading began soon aft the airdrop, with a starting terms aligned with the liquidity pool’s terms curve astatine astir $0.40.
The retrospective airdrop targeted users who had interacted with the Jupiter level earlier Nov. 2, 2023, with 955,000 wallets eligible.
The occurrence of this motorboat not lone benefits JUP holders but besides bolsters assurance successful the Solana network’s scalability and reliability.
Did you get a JUP airdrop, and if truthful did you instantly dump them? Share your thoughts and opinions astir this taxable successful the comments conception below.
English (US) 