Jupiter Airdrop Guide: All You Need to Know About the JUP Airdrop on Solana
The story of Solana is all about resilience. Following the FTX collapse, the network faced lows in volume and price, but the recovery has been no less of a fairytale. In the past 24 hours, Solana DeFi processed transactions worth more than $700 million.
In context, on 1 October 2023, Solana's DeFi volume stood at just $48 million, meaning almost 20x in volume within four months.
Airdrop allocation: 4 billion JUP tokens (40% of total supply)
Distribution mechanism: Four airdrop rounds
The first round consists of 10%, i.e., 1 billion JUP tokens
Eligibility: Wallets that interacted with Jupiter before November 2nd, 2023.
Note: This wallet count is estimated to be 955,000 wallets
Airdrop breakdown for the first round
- Even distribution for all eligible wallets accounts for 2% of the total airdrop.
- Tiered score-based distribution based on adjusted volume accounts for 7%.
- Allocations for active community members on Discord and Twitter and developers make up 1%.
WEN Airdrop: Jupiter's Test Before $JUP Airdrop
Like the above, Jupiter DEX launched a new coin, $WEN, on January 26 to battle-test Jupiter and Solana. $WEN comes with a total supply of one trillion, and 70% of it is equitably distributed across over a million wallets, including Jupiter platform users and various NFT holders.
The $WEN launch was designed to test Solana's load-handling capacity, liveness, and bot spam. To specifically counter bot spam, the Jupiter team employed strategies like throttling max tokens per swap, designing a steep price curve, and enabling retail users alike to execute bot-like strategies.
Meow, the anonymous founder of Jupiter, released a post-launch analysis of the $WEN airdrop. To put it briefly, Meow mentioned that the WEN launch was a valuable learning experience before the $JUP launch. It exposed gaps in bot mitigation and operational practices.
And Meow confirmed that the team plans to address these issues for future launches.
How do you best prepare for the upcoming $JUP Airdrop?
Before the JUP launch, preparing to ensure a hassle-free claiming process is wise. If you're a regular user, remember to go through all your wallets and claim your tokens as soon as they're available.
