DEX aggregator Jupiter opens the first round of airdrops and will distribute 1 billion JUP

DEX aggregator Jupiter on Solana announced that the first round of airdrops has been opened. The project announced in November that the airdrop aims to distribute a total of 4 billion JUP tokens in four phases, accounting for 40% of the total token supply. The first phase will distribute 1 billion tokens, and users who complete at least $1,000 in transactions on the protocol before the snapshot date of November 2 are eligible to receive them.

The project's anonymous founder (Meow) stated on X platform that the first phase will distribute 2% of the tokens to all wallets, of which 7% will be distributed based on a "layered fraction-based distribution, with fractions based on adjusted amounts," and an additional 1% will be distributed to community members and developers on Discord and Twitter. Meow said, "We believe that this segmentation will bring more rewards to advanced users and contributors, and may also give others a reason to participate."