2024-02-02
On Jan 31, 2024, Jupiter decentralized exchange aggregator conducted one of
the biggest airdrops on Solana blockchain by airdropping 1 billion JUP
tokens worth $700 million to nearly a million wallets.
In case JUP tokens are trading at $0.7, it
means this airdrop is worth $700 million.
JUP has a max supply of 10 billion JUP. It is a governance token of the upcoming DAO.
50% of JUP allocate to development team.
-20% for current team members (start
vesting after 2 years).
-20% for strategic reserve.
-10% for liquidity provision.
50% of JUP allocate to community through airdrops.
-40% for 4 rounds of airdrops.
-10% contributors and grants.
Therefore, 1 billion token airdrop is
equal to 20% of token supply.
JUP had initial circulating supply of
1.350 billion tokens and JUP current circulating supply is 1.350 billion
tokens.
