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Jupiter DEX Airdrop Plan Revamped After Community Feedback
After the initial airdrop proposal failed to pass due to a low voter turnout, the Jupiter DAO has revised its plan and is now set to airdrop JUP tokens to its community over the next two Januaries.
Community-Driven Approach
The revised proposal incorporates feedback from thousands of voters and makes key changes to the initial plan, including providing an allocation for JUP stakers and increasing the focus on including real users, rather than airdrop-farming bots, via criteria such as “actual holdings” and “participation in the ecosystem.”
Meow, Jupiter’s pseudonymous co-founder, emphasized the importance of ensuring that JUP goes to the right people who have a good chance of becoming long-term members, not farmers or those focused on a minority set of users.
Token Allocation and Timeline
The exact JUP token amounts have not been included in the revised proposal, with Meow stating that debating the exact number “will be the team’s burden to bear.” The first airdrop proposal asked for 700 million JUP tokens to be set aside for each of the next two Januaries, a total of $1.7 billion at current JUP prices.
The official time and date for the airdrop have not yet been announced, but the revised proposal indicates a need to have the “Jupuary” token drop “completely wrap up by Catstanbul,” a two-day Jupiter ecosystem event being held in Istanbul, Turkey on January 25-26, 2025.
Previous Airdrop
Jupiter concluded its first airdrop to ecosystem participants in January 2024, airdropping 1.35 billion JUP, or 13.5% of the total 10 billion token supply, to almost 1 million eligible wallets.
Conclusion
The revised airdrop plan aims to ensure that JUP tokens are distributed to the right people who have a good chance of becoming long-term members of the Jupiter ecosystem. The community-driven approach and focus on including real users will help promote the growth and development of the platform.
FAQs
- What is the revised airdrop plan?
The revised airdrop plan incorporates feedback from thousands of voters and makes key changes to the initial plan, including providing an allocation for JUP stakers and increasing the focus on including real users.
- When will the airdrop take place?
The official time and date for the airdrop have not yet been announced, but it is expected to take place by the end of Catstanbul, a two-day Jupiter ecosystem event being held in Istanbul, Turkey on January 25-26, 2025.
- How much JUP will be distributed?
The exact JUP token amounts have not been included in the revised proposal, but the first airdrop proposal asked for 700 million JUP tokens to be set aside for each of the next two Januaries, a total of $1.7 billion at current JUP prices.
- What criteria will be used to determine who receives the airdrop?
The revised proposal includes criteria such as “actual holdings” and “participation in the ecosystem” to ensure that real users, not airdrop-farming bots, receive the JUP tokens.
