Token

Solana

Jupiter

<p><span style="font-weight: 400;">The Solana-based decentralized trading aggregator Jupiter will launch its native JUP token through an airdrop today at 10 a.m. EST.</span></p>
<p><span style="font-weight: 400;">Jupiter’s pseudonymous founder Meow said in a </span><a href="https://www.jupresear.ch/t/jup-the-genesis-post/478" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">forum post</span></a><span style="font-weight: 400;"> on Jan. 30 that the token will have an initial maximum circulating supply of 1.35 billion, a reduction from the previously announced figure of 1.7 billion.&nbsp;</span></p>
<p><span style="font-weight: 400;">The Solana </span><a href="https://insidebitcoins.com/news/jupiters-token-distribution-excites-solanas-defi-community" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">token</span></a><span style="font-weight: 400;"> could subsequently start trading with a market capitalization of $891 million, given that the JUP-USD perpetual currently trades at around 66 cents on </span><a href="https://app.aevo.xyz/perpetual/jup" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Aevo</span></a><span style="font-weight: 400;">.</span></p>
<p><img decoding="async" src="https://external-preview.redd.it/jupiter-decentralized-exchange-announces-massive-token-v0-AsK2QCehA2GlMVF83x4prpovTcUaHsAXcJ7whLYdFrA.jpg?auto=webp&amp;s=995cff199b230cd6da55deb63d8744bd95680cb2" alt="Jupiter Decentralized Exchange Announces Massive Token Airdrop Program : r/SolanaNFT"></p>
<h2 id="span-style-font-weight-400-more-than-half-of-the-initial-jup-will-be-allocated-to-airdrops-span"><span style="font-weight: 400;">More Than Half Of The Initial JUP Will Be Allocated To Airdrops</span></h2>
<p><span style="font-weight: 400;">One billion tokens of the initial circulating supply have been set aside for airdrops. Market makers on centralized exchanges and liquidity pools will each receive 50 million tokens, while 250 million JUP will be used for a launch pool. </span></p>
<p><span style="font-weight: 400;">About 955,000 wallets that interacted with Jupiter before Nov. 2 are eligible for the JUP airdrop, according to </span><a href="https://twitter.com/its_airdrop/status/1730672833985126412" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">data</span></a><span style="font-weight: 400;"> from Airdrop Official.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Everything you need to know about the Jupiter airdrop tomorrow in one page.</p>
 <p>(via Messari Intel) <a href="https://t.co/8gH6oz0Zn1" rel="noopener noreferrer nofollow">pic.twitter.com/8gH6oz0Zn1</a></p>
 <p>— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) <a href="https://twitter.com/twobitidiot/status/1752394311960834314?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">The project’s founder intends to expand Jupiter by “bringing it to the mainstream.” In the forum post, Meow said that this would be the “most value added thing” the team can do. </span></p>
<p><span style="font-weight: 400;">During this expansion drive, Jupiter’s team aim to introduce “crucial financial systems” such as a global atomic market and a global distributed stock exchange.&nbsp;</span></p>
<p><span style="font-weight: 400;">If achieved, this should transform </span><a href="https://insidebitcoins.com/news/jupiters-token-distribution-excites-solanas-defi-community" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">JUP</span></a><span style="font-weight: 400;"> from being a governance token for an exchange to “</span><span style="font-weight: 400;">being the currency for a full fledged decentralized economy, “ said the project’s founder.</span></p>
<h2 id="span-style-font-weight-400-the-team-aims-to-ensure-the-project-s-longevity-span"><span style="font-weight: 400;">The Team Aims To Ensure The Project’s Longevity</span></h2>
<p><span style="font-weight: 400;">From a long-term perspective, the team expects “Jupiter to be around for decades.”&nbsp;</span><span style="font-weight: 400;">To ensure the longevity of the project while also keeping the community engaged, Meow has proposed a “Jupuary 31” take place every year. During these events, a “significant portion of tokens will be distributed to users.”&nbsp;</span></p>
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Solana Token JUP Set To Launch Today, Might Hit $900 Million Market Cap

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