Jupirter Token (JUP) Release Date and Free Airdrop Schedule

DEX aggregator on the Solana network, Jupiter, recently announced the launch date of their governance token called JUP. The JUP token launch is scheduled for January 31st. In the first stage, Jupiter will send these tokens for free via airdrop to nearly one million crypto wallets.

Successful Testing

Prior to the launch, Jupiter, founded by an individual under the pseudonym Meow, had been conducting trials using an experimental token called "mockJUP".

Meow also mentioned that there are plans to launch a third party meme coin on their platform next week, which they hope will add to the excitement within the community.

Additionally, Jupiter is preparing to start its working group and make their “DAO vision” a reality. Another important step is the completion of Jupiter's final white paper before the token launch.

Also read: Jupiter (JUP): What is it and how does it work

JUP Token Airdrop Mechanism 

In terms of airdrops, Jupiter has been planning a free token airdrop since last November as a form of appreciation to early users. The website for airdrop allocation has been active since December 1. A total of four billion tokens, or 40% of the total supply of 10 billion Jupiter tokens, will be distributed to users in four stages. The next free airdrop is planned to reward new users.

Also read: Crypto Airdrop and Guide on How to Get It for Free

The first phase of the airdrop will distribute one billion Jupiter tokens to 955,000 eligible users who have made a transaction of at least $1,000 on the platform before November 2, with rewards varying depending on each user's transaction volume.

With over $16 billion in trading volume in December, Jupiter has become Solana's largest DEX aggregator. This represents a significant increase from November's volume of $4 billion and October's $1 billion, signaling strong momentum for Jupiter in the crypto market.

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