As January draws to a close, the highly anticipated Jupiter Airdrop on the Solana blockchain is creating a buzz. Set to be one of the largest token launches in 2024, Jupiter's decentralised exchange (DEX) aggregator has been diligently preparing for this moment. Here's an in-depth look at what to expect.

JUP Claim Details

Jupiter will kick off the airdrop claim at 10am ET on Wednesday, 31 January, using its own launchpad. This comes after the recent successful launch of the WEN token on Solana. Approximately 955,000 Solana wallets are eligible for the JUP airdrop, encompassing early users who engaged with the protocol before a November 2 snapshot.

Eligibility and Distribution

Jupiter has introduced a tool allowing users to check their eligibility and estimate the token amount they'll receive. The distribution involves 20% of initial airdrop tokens evenly distributed across all wallets. Meanwhile, 70% will be allocated based on a score-driven system, reflecting protocol use. The remaining 10% is earmarked for community members and developers.

Token Breakdown

A total of 10 billion JUP tokens will be minted, with half designated for community distribution through various airdrops and initiatives. Four billion JUP tokens will be dispersed across four airdrop waves, commencing with 1 billion JUP in the initial claim. An additional 1 billion JUP is reserved for community contributors and grants, with specific timelines yet to be revealed.

Circulation and Team Allocation

As of day one, 1.35 billion JUP will be in circulation. This includes 1 billion JUP for the airdrop claim, 250 million JUP for a launch pool, and 50 million JUP each for loans to centralised exchange market makers and immediate liquidity pool needs. Notably, the team won't receive any tokens until January 2025, initiating a two-year vesting cycle.

A Milestone in Solana's Evolution

The Jupiter Airdrop on Solana signifies a pivotal moment for the blockchain. With a meticulous distribution plan and substantial token supply, it aims to engage the community and foster long-term growth. As the blockchain landscape evolves, such initiatives become integral to its sustained success.

Get Ready for Jupiter's JUP Token Airdrop

As the countdown to 31 January's morning begins, Solana users are urged to get ready for Jupiter's JUP token airdrop—an event poised to redefine the crypto landscape. With a meticulous plan in place, this airdrop is not just a distribution of tokens; it's an opportunity for the Solana community to actively participate in shaping Jupiter's decentralized future.