Solana DEX “Jupiter” releases scheduled date for free distribution of virtual currency JUP

10 months ago 62

Test launch will be conducted soon

Jupiter Exchange, a decentralized exchange aggregator based on Solana, has announced the scheduled date and other information regarding its free distribution (airdrop) plan for its proprietary token JUP.

The airdrop is scheduled to take place on January 31st (0:00 on February 1st Japan time).

JUP’s airdrop plan was announced in November last year, but it took time to calculate allocations for users and make technical adjustments.

connection: Solana DEX “Jupiter”, pre-confirmation page for free distribution of virtual currency JUP released

Jupiter will also conduct two token test launches before the actual airdrop. There will be a “Mock JUP” tomorrow, and a test launch of Meme Coin next week.

Additionally, over the past two weeks of development, we have worked closely with key teams within the ecosystem, receiving advice, input and consultation on three key areas: The three areas are “token generation and accountability,” “scaling up front-end and back-end infrastructure,” and “network monitoring and post-processing.” We will post a detailed trace of the entire generation and token transfer event, ensuring that all spaces are traceable and 100% confident of the legitimacy of the supply.”

WEN: 31st of Jupuary 10am EST

On the 1st of Jupuary, we outlined the main areas of work as we aim to get to launch. https://t.co/PORf6v5apt

We have been right on executing schedule on all these, and we are happy to share that JUP will launch on 31st of Jupuary, 10am EST.… pic.twitter.com/fIhDg0H1Pu

— meow (@weremeow) January 15, 2024

The JUP token will be Jupiter’s governance token, and Meow said in the same tweet that “Jupiter DAO could be the most effective, forward-looking, decentralized, non-insider-voted DAO in the history of this DAO. We believe we can complement that with the most tactically effective working group and community ever.”

He also mentioned that the next two airdrops are scheduled for January 2025 and January 2026.

Due to the revitalization of the Solana (SOL) ecosystem since October last year, the trading volume of Solana-based decentralized exchanges has significantly broken past records. Dec. 22 was the highest day ever, with just over $2.6 billion in trading volume, driven in part by increased usage of aggregator Jupiter.