- Jupiter is airdropping 4 billion JUP tokens on January 31 to nearly 1 million Solana wallets, marking the largest airdrop of 2024
- Half of the 10 billion total supply goes to the community via airdrops, while the other half is for the team, token needs, and liquidity pools
- Eligible wallets get tokens based on usage and participation, with 20% distributed evenly and 70% based on protocol use; 135 million tokens will circulate on day one
The long-awaited Jupiter airdrop is finally happening on January 31. Nearly a million Solana wallets are eligible to claim the new JUP token in what’s expected to be the largest airdrop of 2024. Jupiter has provided details on the airdrop in recent weeks, but let’s break down everything you need to know before the big event.
When is the JUP Claim?
Jupiter will launch the airdrop claim at 10 am ET on Wednesday, January 31 via its own launchpad, which was just used to launch the WEN token on Solana.
Who Gets JUP Tokens?
According to Jupiter, about 955,000 wallets are eligible for the JUP airdrop. This includes early users who interacted with the protocol ahead of a November 2 snapshot. Jupiter launched a tool to see whether you’re eligible and how many tokens you’ll get.
How Will the Tokens Be Distributed?
Overall, there are 10 billion JUP tokens being minted. Half of those tokens will go out to the community over multiple airdrops.
For the initial airdrop, 4 billion JUP tokens will be distributed:
- 20% evenly across all wallets
- 70% based on protocol use
- 10% to community members and developers
Further airdrops down the line will distribute tokens to new users.
Half of the overall supply will be used for team, token, and liquidity pool needs. The Jupiter team will not earn any tokens until a two-year vesting period begins in January 2025.
How Many Tokens Will Circulate on Day One?
According to Jupiter, 135 billion JUP will circulate on day one, down from the originally planned 17 billion. This supply will be distributed as:
- 1 billion JUP for the airdrop
- 250 million JUP for a launch pool
- 50 million JUP each for exchange market makers and liquidity pools
Conclusion
The Jupiter airdrop will likely be the largest token launch of 2024 and will introduce JUP, the utility token for the popular Solana DEX aggregator. With millions of wallets eligible and billions of tokens up for grabs, it’s an airdrop you won’t want to miss if you’re a Solana user. Check your eligibility and prepare your wallet for the claim on January 31.
