Jupiter, a decentralized finance (DeFi) project built on Solana, has announced that its highly anticipated airdrop will begin right after January. In a colorful Twitter post, Meow, the pseudonymous founder of Jupiter, provided a series of updates on the project’s future plans and detailed information about the upcoming airdrop.
As previously established, 40% of the 10 billion JUP tokens in circulation will be reserved for distribution to Jupiter community members through airdrops. Earlier this month, the project launched a website allowing Jupiter users to find out how much JUP they can earn.
Meow announced on Friday that this amount will be distributed in four airdrop phases, with the first phase—set for January—expected to distribute 1 billion JUP tokens to Solana users’ wallets.
The founder also revealed that an additional 10% of the total JUP supply—another billion tokens—will be allocated for contributors and sponsors within the community. “This allocation, which may be entrusted to a DAO for management, will provide significant incentives for the community to participate in Jupiter development initiatives, consider projects for the Solana ecosystem, and promote decentralization—all of which are our main goals,” said Meow.
These figures mean that ultimately, 50% of the total JUP tokens will be distributed to the Jupiter community. Consequently, the remaining 50% of the token supply will be managed by the Jupiter team: 20% will go to current team members, 20% will serve as a strategic reserve, and the remaining 10% will act as a liquidity provider.