Jupiter, a Solana decentralized exchange (DEX) aggregator, has proposed to let its community vote on whether to allocate 1.4 billion JUP tokens—valued at approximately $1.5 billion—for future airdrops. The proposal requires a 70% approval for the distribution of 700 million JUP tokens in January and another 700 million later. Voting is available to those who stake JUP, with voting power directly related to the amount staked. If the proposal fails to reach the necessary approval by November 29, adjustments will be made based on community insights, and a new vote will follow. The plan aims to reward active participants and enhance community growth through strategic airdrops, as noted by co-founder Meow. Jupiter previously executed a successful airdrop distributing 1.35 billion JUP tokens. Currently, JUP trades around $1.07, reflecting a considerable increase since earlier distributions. Jupiter ranks highly among DEXs, holding significant total value locked (TVL).

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