Highly Anticipated Jupiter (JUP) Airdrop Goes Live on Solana With $1,000,000,000 Market Cap
The top Solana-based decentralized exchange (DEX) aggregator Jupiter has launched its new JUP token, going live at just under a $1 billion market cap. Jupiter is one of Solana’s key decentralized finance (DeFI) hubs, and at time of writing, is doing more 24-hour volume than Uniswap, the biggest DEX on Ethereum and typically the entire crypto ecosystem. Jupiter’s pseudonymous founder known as Meow says in a blog post that JUP is launching with a maximum of a 1.35 billion circulating supply, and team vesting won’t start until the second “Jupuary” (January). JUP’s tokenomics are as follows: 1B for the airdrop 250M for the launch pool (Instead of 500M) 50M for loans to CEX market makers 50M for any immediate needs Meow says there is a buffer of 33 million JUP tokens that aren’t a part of the airdrop, which includes “compromised wallets, massive number of appeals and edge cases that we could not get to in time befo...