<p>Jupiter has launched the $JUP governance token, which has shocked everyone. This new development is fascinating. They also revealed exciting news regarding a Jupiter airdrop to thank their supporters. This airdrop is a way to give back to the community that has benefited them so much.</p><h3 id="the-jup-token">The JUP Token</h3><p>During the Solana Breakpoint presentation on November 2, 2023, detailed information regarding the JUP token was disclosed. In the near future, the token will become accessible.</p><p>The JUP token will provide its holders with the opportunity to participate in shaping Jupiter&#39;s policies as a governance token. Rewards in the form of tokens will be allocated to both network participants and liquidity providers.</p><p>Out of a total supply of 3,000,000,000 JUP coins, 40% will be allocated to insiders and a strategic reserve, 20% will be distributed through a token sale, and 40% will be airdropped to the community.</p><h3 id="the-airdrop-from-jupiter">The Airdrop from Jupiter!</h3><p>An announcement was made by one of Jupiter&#39;s co-founders that a total of forty percent of the JUP tokens would be given away for free to the Jupiter community in the form of an airdrop.</p><h3 id="who-can-participate-in-jupiter-39-s-airdrop">Who can participate in Jupiter&#39;s Airdrop?</h3><p>The Jupiter Airdrop would largely benefit Jupiter&#39;s early supporters, according to the co-founder. They expect 955,000 Jupiter users to join the airdrop.</p><p>If you&#39;ve been using Jupiter daily, you should get the airdrop. People that persevered with Jupiter and Solana through good times and bad, especially during market instability, will receive more of the Jupiter Airdrop.</p><p>No worries if you haven&#39;t used Jupiter much or at all; you can still join the Jupiter Airdrop, which is being called &#34;crypto&#39;s largest organic airdrop.&#34;</p><p>Jupiter Airdrop has four rounds. First-round favours longtime supporters. If you&#39;re fresh to Jupiter or Solana, your airdrop chances will improve in second round.</p><p>Kindly note that the data provided in this document has been extracted from the Jupiter green paper. Checking the Jupiter website at all times for the most current information is advised due to the possibility that specific details may undergo modifications.</p><p><a href="https://jup.ag" rel="noopener noreferrer nofollow">https://jup.ag</a></p><p></p>

Explanation & Eligibility Criteria for the $JUP Airdrop

Table of Contents

dailyabay

Other articles published on Nov 16, 2023

Bitcoin Falls to $36,000 After Testing $38,000 Resistance: Here’s What to Expect Next

Stablecoin Issuer Tether Plans To Invest $500 Million In Bitcoin Mining To Become The Biggest Miner

Bitfinex Securities partners with Mikro Capital to pioneer tokenized bond

Binance Prepares to Launch Bitcoin and Cryptocurrency Exchange in Thailand!

Breaking: DeFi Lender Aave Rebrands to Avara

October at FIO: Recapping Milestones and Looking Ahead 🍂

Join our free newsletter for daily crypto updates!