Jupiter Announces $580 Million Airdrop to Boost Ecosystem Engagement
The airdrop will be distributed among active users and stakers as well as community contributors known as Carrots and Good Cats.
Keep up with what's happening in the crypto world in real-time.
The airdrop will be distributed among active users and stakers as well as community contributors known as Carrots and Good Cats.
TL;DR Jupiter DEX will distribute 700 million JUP tokens in January 2025, valued at approximately $580 million, to users, stakers, and contributors as part of the “Jupuary” airdrop event.
Jupiter, a leading decentralized exchange platform on Solana, has announced plans to distribute more of the DEX protocol's native tokens to its user community. In an announcement, the Jupiter team revealed it would be expanding its Jupuary token distribution in 2025. The first airdrop in January will see 700 million JUP distributed to users.
Jupiter, the largest decentralized exchange aggregator on the Solana ecosystem, has revealed an exciting Airdrop for its community. In January 2025, the platform will distribute 700 million JUP tokens worth an estimated $580 million. This ambitious airdrop, called “JUPuary,” aims to expand Jupiter's ecosystem and reward its dedicated users.
Jupiter plans to distribute 700 million tokens, worth $580 million, to users, stakers and contributors in January based on a snapshot.
The next Jupuary event will spread more JUP to active users, especially regular and professional traders. Only 75M out of 700M JUP will go to passive stakers.
Jupiter (JUP) has been experiencing a tough period recently, with a significant price drop over the last 24 hours, diminishing its monthly gains to just over 13%. However, despite the downturn, there are signs suggesting that the altcoin could be on the brink of recovery.
Jupiter, a decentralized exchange aggregator, has received governance approval for a significant initiative to distribute $860 million worth of JUP tokens.
The crypto market recently experienced a sharp decline of almost 500 billion, while Bitcoin even shed about 8% of its value. However, the altcoin market saw almost a 10% to 20% dip. Amidst this turbulence, experts have accumulated 8 top altcoins with strong potential for gains in the next bullish cycle.
JUP seemed to be showing signs of a potential rebound after a sharp decline over a 24-hour period.
Over on Solana, the decentralized exchange (DEX) aggregator Jupiter has just approved a revised airdrop proposal after DAO voters rejected an initial plan for an airdrop of $1.7 billion in the exchange's native $JUP token. The initial vote failed after only 58% of votes approved of the initial plan.
Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.
Decentralized exchange aggregator Jupiter's governance has approved a proposal to airdrop $860 million worth of JUP tokens to community voters called Jupuary. The proposal, spearheaded by Jupiter founder Meow, aims at incentivizing long-term participation.
Jupiter token holders approved a pair of airdrops via a revised proposal, not long after rejecting a plan to hand out $1.7 billion in JUP.
Jupiter's founder, Meow, emphasized the importance of rewarding genuine users and preventing opportunistic ‘airdrop farmers' from exploiting the protocol.
The revised vote changed how tokens would be distributed to users with additional checks to prevent tokens from going to mercenary airdrop farmers.
The meme coin market is on fire, with billions of dollars in daily trades, and airdrops are helping new projects stand out. One of the most exciting airdrops right now comes from Jupiter, a top decentralized exchange (DEX) on Solana.
Jup's price action suggests mixed signals, leaving traders questioning whether the asset will rally or retreat.
TL;DR Jupiter Exchange has introduced iCloud Backup for crypto wallets, allowing users to securely back up recovery phrases and private keys to iCloud. The feature encrypts and saves wallet information to iCloud, accessible only by the user, providing an additional layer of protection for digital assets.
Now, Jupiter is making it easier than ever to keep your crypto safe with a new feature: iCloud Backup. This feature from Jupiter lets you securely back up your wallet's recovery phrases and private keys straight to iCloud.
The proposal introduces some important changes to make sure the event is fair, transparent, and rewarding for real users. The main goal is to get the community's feedback on these updates.
Bitcoin (BTC) is back above $96,000 after suffering a slight pullback which dragged the price to a low of $93,645 late on Tuesday. The cryptocurrency is marginally up over the past 24 hours and is trading around the $96,500 mark, consolidating between $94,000 and $98,000.
This is a segment from the Lightspeed newsletter. To read full editions, subscribe.
Jupiter, a decentralized exchange (DEX) built on the Solana blockchain, will revise its proposed airdrop plan after a governance vote failed to secure the necessary support.