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Solana DeFi Platform Jupiter Shares Airdrop Allocations – Here’s How to Check Eligibility

Jupiter, a decentralized exchange (DEX) aggregator operating on the Solana (SOL) blockchain, has unveiled the commencement of the initial claims process for its JUP token airdrop.

In a recent update on X (formerly Twitter), the project informed users that they can now initiate the process of claiming their tokens.

The airdrop has been structured to allocate 40% of the overall JUP token supply, equivalent to four billion tokens out of the total 10 billion.

The distribution will unfold in four phases, as detailed by the project in a November announcement.

Meow, the pseudonymous founder of the project, disclosed details about the token allocation process on X.

In the initial phase, 2% of the tokens will be distributed to all wallets, while 7% will be assigned through a “tiered score based distribution,” taking into account adjusted volume. An additional 1% will be designated for community members on platforms such as Discord and Twitter, as well as for developers.

Meow expressed the belief that this distribution model would more significantly reward power users and contributors, while also serving as an incentive for others to actively engage with the platform.

The founder shared that Jupiter has facilitated a cumulative trading volume of $35 billion as of October, with a notable 80% of that volume being generated by only 0.2% of all wallets.

Some Users Are Not Satisfied With the Airdrop

Nevertheless, there have been expressions of dissatisfaction from some individuals regarding their token allocation. They argue that factors such as the age of their wallets and their prolonged engagement with the protocol over the years should have entitled them to a larger share.

One Twitter user expressed their concern, stating, “The same wallet used Jup in 2021 more than 40x, 2022 more than 20x and used well enough in 2023.”

To ascertain eligibility for the airdrop and to check their respective allocations, users are encouraged to follow the instructions provided by the Jupiter project.

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