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 ultimately be minted, half of them will go to the neighborhood and half to the Jupiter group.
Particularly, 40% of the ten billion tokens will probably be reserved for 4 rounds of neighborhood airdrops, the primary of which is anticipated to happen in January.
“Tokenomics mirror the ethos of a mission, and our key ethos is so simple as it will get – for a mission like Jupiter, there must be an equal weight between a centered entity capable of continuously 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 group, 50% distributed to the neighborhood. Completely balanced, as all cats ought to be.”
Meow says the Jupiter group sees itself as a “full-stack ecosystem push to assist the Solana and crypto ecosystem win.”
“We imagine Solana is the perfect blockchain for onboarding the subsequent billion customers. And after we draw individuals to utilizing JUP, in addition they find yourself utilizing every little thing else on Solana.
And when now we have a full set of highly effective buying and selling merchandise that work in addition to their centralized counterparts, they don’t have any purpose to return to CEXes.
And when there’s a essential mass of use circumstances and enjoyable stuff you are able to do on-chain, there will probably be more and more fewer causes to drag your capital out.”
In accordance with the founder, extra particulars on the airdrop and JUP liquidity provision will probably be revealed within the coming weeks.
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