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The Solana (SOL)-based decentralized trade (DEX) Jupiter (JUP) will probably be airdropping a billion of its tokens early subsequent yr, in keeping with its founder.
Jupiter’s founder, who pseudonymously goes by Meow, says on the social media platform X that out of the ten billion JUP tokens that may finally be minted, half of them will go to the neighborhood and half to the Jupiter crew.
Particularly, 40% of the ten billion tokens will probably be reserved for 4 rounds of neighborhood airdrops, the primary of which is predicted to happen in January.
“Tokenomics mirror the ethos of a venture, and our key ethos is so simple as it will get – for a venture like Jupiter, there must be an equal weight between a centered entity capable of always recruit world-class expertise, construct product, and execute technique, and a wider neighborhood capable of fact-check, counterweight, and assist to course-correct.
As such, the ten billion JUP will probably be 50% managed by the crew, 50% distributed to the neighborhood. Completely balanced, as all cats ought to be.”
Meow says the Jupiter crew sees itself as a “full-stack ecosystem push to assist the Solana and crypto ecosystem win.”
“We imagine Solana is the very best blockchain for onboarding the subsequent billion customers. And after we draw folks to utilizing JUP, additionally they find yourself utilizing all the things else on Solana.
And when we’ve a full set of highly effective buying and selling merchandise that work in addition to their centralized counterparts, they haven’t any motive to return to CEXes.
And when there’s a vital mass of use circumstances and enjoyable stuff you are able to do on-chain, there will probably be more and more fewer causes to tug your capital out.”
In keeping with the founder, extra particulars on the airdrop and JUP liquidity provision will probably be revealed within the coming weeks.
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