Solana DeFi Exchange Jupiter Launches Rewards Checker Ahead of $575 Million Airdrop

Jupiter, the Solana-based decentralized exchange aggregator, launched an airdrop checker permitting customers of its merchandise to view their eligibility forward of the upcoming “Jupuary” airdrop. 

Designed to “develop the pie” and convey extra customers into the Jupiter ecosystem, the Jupuary airdrop occasion will reward the group with 700 million JUP tokens, greater than $575 million value at present costs. 

The 700 million JUP tokens are damaged into three classes of recipients, led by “customers,” a class outlined by these gaining worth from Jupiter merchandise, most notably token swaps. This class of group members will obtain 440 million of the JUP tokens put aside for the airdrop.

An extra 60 million JUP will likely be claimable for stakers of the Jupiter token, with the ultimate 200 million JUP tokens put aside for “carrots”—an allocation of tokens reserved for progress initiatives, and incentives for many who determine to carry or stake their JUP tokens. 

Roughly 2 million wallets will likely be eligible to assert JUP tokens, in keeping with a Jupiter Research post by Kash Dhanda, a consultant for the platform. 

“To place it bluntly: Not everybody goes to get an airdrop this 12 months, and plenty of certified wallets will get a smaller drop as in comparison with final 12 months,” wrote Danda. “However the ~2 million wallets that do obtain the airdrop will likely be extra more likely to be actual cats, extra more likely to take part in DAO governance, and extra seemingly to assist us speed up in direction of a decentralized future.”

The JUP token declare is anticipated to be stay sometime next week, although a proper date was not offered.

The platform held its first airdrop in January 2024, offering 1 billion JUP tokens to almost 1 million wallets. It would host one other Jupuary occasion in January 2026, pursuant to probably the most lately handed Jupiter DAO proposal that grants one other airdrop of 700 million tokens.

Edited by Andrew Hayward