🚀 $860M JUP Airdrop Gets Green Light from Jupiter DAO
posted 9 Dec 2024
The decentralized governance of Jupiter Exchange on Solana has approved the distribution of $860 million worth of JUP tokens in a secure airdrop.
The pseudonymous founder “meow” earlier stated:
The updated rules focus on real user engagement, leveraging metrics like asset holdings, regular participation, and platform interaction to determine eligibility.
Any bots that evaded disqualification in the first Jupuary airdrop are now officially ineligible to receive tokens.
Participant data was captured in a November snapshot, with eligibility verification details to follow later this month. Token distribution is slated for January.
As part of the annual "Jupuary" program, this decision focuses on boosting user engagement and fortifying the ecosystem. The updated distribution model adds protections to curb speculative farming practices.
Jupiter DAO Source: CoinMarketCap
Jupuary Vote #2, a second attempt after the initial proposal's failure, introduces a revamped plan with stringent verifications to block "speculators" from farming rewards without meaningful engagement.
The pseudonymous founder “meow” earlier stated:
Maximum effort has to be made to ensure that JUP goes to the right people who have a good chance to become long-term members — not farmers or overly focused on [a] minority set of users.
He also mentioned that part of the token allocation would be dedicated to incentivizing holding, buying, and participating in votes over the year.
The updated rules focus on real user engagement, leveraging metrics like asset holdings, regular participation, and platform interaction to determine eligibility.
Any bots that evaded disqualification in the first Jupuary airdrop are now officially ineligible to receive tokens.
Participant data was captured in a November snapshot, with eligibility verification details to follow later this month. Token distribution is slated for January.
Imo, @jup_dao, is making Web3 history as the first DAO to truly listen and adapt to its community’s concerns,summarized X user Marino.
December voting results. Source: Х
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