The Solana (SOL)-based decentralized change (DEX) Jupiter (JUP) will probably be airdropping a billion of its tokens early subsequent yr, in line 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 finally be minted, half of them will go to the group and half to the Jupiter group.
Particularly, 40% of the ten billion tokens will probably be reserved for 4 rounds of group airdrops, the primary of which is anticipated to happen in January.
“Tokenomics replicate the ethos of a venture, and our key ethos is so simple as it will get – for a venture like Jupiter, there must be an equal weight between a targeted entity capable of always recruit world-class expertise, construct product, and execute technique, and a wider group 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 group. Completely balanced, as all cats needs 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 folks to utilizing JUP, in addition they find yourself utilizing every part else on Solana.
And when we’ve got a full set of highly effective buying and selling merchandise that work in addition to their centralized counterparts, they don’t have any motive to return to CEXes.
And when there’s a important mass of use instances and enjoyable stuff you are able to do on-chain, there will probably be more and more fewer causes to drag your capital out.”
Based on the founder, extra particulars on the airdrop and JUP liquidity provision will probably be revealed within the coming weeks.
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