Jupiter Airdrop Update: $1.4B in JUP Tokens for Loyal Solana Users

The post Jupiter Airdrop Update: $1.4B in JUP Tokens for Loyal Solana Users appeared first on Coinpedia Fintech News

The meme coin market is on fire, with billions of dollars in daily trades, and airdrops are helping new projects stand out. One of the most exciting airdrops right now comes from Jupiter, a top decentralized exchange (DEX) on Solana. The second season of its airdrop is underway and will continue until January 2025, giving crypto enthusiasts the chance to claim free JUP tokens. To participate, simply swap Solana coins on Jupiter’s platform and meet the eligibility criteria.

Recently, the Solana-based decentralized exchange (DEX) Jupiter has successfully passed a proposal to fund two more years of “Jupuaries” (airdrop events), allocating $700 million worth of JUP tokens annually for the next two years, totaling $1.4 billion. This decision received overwhelming community approval, with 87% of the 360 million votes cast in favor of the plan.

What’s the Proposal? 

Jupiter has made important changes to its airdrop program to create a fairer system. Unclaimed JUP tokens will now be given to active participants through a rewards pool, with a focus on those who stake their tokens. The new plan also includes measures to stop bots from taking advantage of the system. This update follows a failed attempt at a similar proposal, and voting for the new plan took place between December 4 and 8. The aim is to reward loyal users based on how much they engage with the platform, rather than letting opportunistic traders benefit.

Analyst Shares his Strategy to Maximize the profit 

Tim哥, a crypto expert, has shared a strategy for those looking to maximize their chances in the upcoming Jupiter Exchange airdrop, as the Solana-based DEX prepares to distribute $1.4 billion worth of JUP tokens over the next two years. He recommends depositing over 1000U in SOL, using Jupiter’s products, and trading regularly to boost chances. He also suggests interacting with different contracts and staking JUP to improve eligibility. With the snapshot potentially already taken, now is the time to act if you want to take part in the airdrop and earn rewards.

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How to join? 

To join you need to visit the official airdrop page, use a mobile wallet, and make sure your wallet meets the requirements. If you’re eligible, you’ll receive your share of tokens weekly, and participating early can lead to more rewards. Stay updated by following Jupiter on social media and using the JUPuary Dashboard to track your rewards. Happy airdropping!