Jupiter Airdrop: Currently, we are experiencing an airdrop season in the realm of cryptocurrency. Where, from January 31, 2024, Solana’s Decentralized Exchange (DEX) aggregator Jupiter is going through a significant airdrop. However, this Jupiter airdrop is the initial airdrop of Jupiter DEX and in this airdrop, over 1.35 billion Jupiter’s JUP tokens are going to be distributed within 1 million Solana wallets.
However, in this Jupiter Airdrop article, we will get to know more about Jupiter tokens airdrop, what Juipter does, Jupiter airdrop eligibility, and many more things. So read till the end for a comprehensive understanding.
How to Claim SUI Airdrop? – Click Here
What Does Jupiter do?
Jupiter is a Solana-based Defi protocol similar to 1inch, PanCakeSwap, UniSwap, etc for the token swap. However, as it is based on Solana in November 2023, Jupiter processes $3.7 billion, which just happened in a few weeks of launch. Whereas, other old Defi exchanges like Uniswap and 1inch processed $17 billion and $12.2 billion during the same period.
Despite all the common features that Jupiter has, recently it added GMX-style perpetual futures. With all these features that Jupiter is adding along with security and usability. Which is attracting more investors toward it.
However, in the future, it is also planning to add its own decentralized stablecoin SUSD. SUSD will be backed by Solana liquid staking tokens (LSTs). According to Jupiter, stablecoins like USDT, USDC, TUSD, PYUSD, and many others come with custodial and security risks, which will be avoided in SUSD.
What is a JUP token?
JUP is a native token of Jupiter, and according to coinmarketcap, it is people’s blockchain. However, the main purpose of this JUP token is to reward Jupiter users in JUP token as well as JUP token is also used for transaction fees. This Defi protocol aims to make blockchain technology more accessible and safe for each and every investor.
How to Buy JUP token?
If you are eligible for a JUP token airdrop, then also you can buy it through cryptocurrency exchanges. JUP token is listed on many cryptocurrency exchanges across the globe such as Coindcx, Binance, Kucoin, Kraken, OKX, and many others. If you are Indian then you can safely use the CoinDcx cryptocurrency exchange to buy JUP tokens.
To buy a JUP token, please follow these simple steps:
Step 1: Create an account and signup
Search for Coindcx on your desktop or download the CoinDCX app and after that complete the signup process, by using an official ID card such as an Adhaar Card or PAN Card.
Step 2: Complete Your KYC
Once you successfully sign up make sure to upload all the documents to complete your KYC.
Step 3: Add method of Payment
Following successful KYC, add your payment method like UPI, Debit, or Credit Card.
Step 4: Search and Place JUP Order
Once you successfully add a payment method, go to the search bar and type JUP, you will find JUP tokens with different pairs like JUP/USDT, JUP/INR, and others.
Step 5: Complete Your Purchase
Select the JUP trading pair and as per your choice add the JUP token to your wallet.
These are the 5 simple steps to buy a JUP token in India.
Jupiter Airdrop Detail
Juipter Airdrop is available for Solana wallet holders and here are Jupiter’s JUP airdrop details:
- Overall 4 billion JUP tokens will be distributed through 4 airdrop airdrop series.
- The first JUP token airdrop started on January 31, 2024.
- In the first round of the JUP token airdrop, 1 billion JUP tokens will be distributed.
- 20% (200 million) of JUP tokens will be distributed to the 955,000 eligible wallet holders.
- 70% (700 million) of JUP tokens will be based on individual engagement on Jupiter protocol.
- 10% (10 million)of the JUP token is received for community members and developers.
Jupiter Airdrop eligibility
Eligibility for JUP airdrop is as follows:
- Individuals must be Solana wallet holders.
- Wallet holders must be users of Jupiter protocol which will show their involvement during its development phase.
- The last is individuals if not above they must be community members or developers.
Additionally, if you are not eligible for the JUP token airdrop this time don’t worry. After the first JUP token airdrop, there are 3 more airdrops that will come in the future. So make sure to gain free Jupiter’s JUP token airdrop, and make a regular engagement with Jupiter protocol. Here on the Jupiter protocol you can swap, bridge, or trade to be eligible in the upcoming airdrop.
How to claim Jupiter Airdrop?
It is very simple to claim Jupiter JUP token airdrop if you are eligible. Make sure to follow these simple steps:
Step 1: Visit Jupiter’s official airdrop page. (Official Website)
Step 2: Connect your Solana wallet to the JUP token.
Step 3: Claim your JUP token for free.
Jupiter JUP Token Price Prediction
Jupiter (JUP) price prediction: Currently, JUP is trading near $0.6, and in the 24 hours it experienced over 5% of upside momentum. If you look at the JUP in the longer time frame, in the last 7 days, JUP experienced over 61% of downside momentum and in the last 30 days, it experienced the same downside momentum.
The major reason behind this massive fall is, that it got recently listed on Binance and the token holder who is holding the JUP token is booking their profit and its ongoing JUP token airdrop.
Jupiter (JUP) price prediction: As it is recently listed it doesn’t have much data. However, on the 4-hour time frame, JUP is consolidating in a tight range between $0.65 and $0.56 for the last 2 days. If JUP gives a breakout of the $0.65 level in the future we may see, JUP price to $0.80 and $1. Whereas, if JUP gives a breakdown of its lower level which is $0.56 then in the future we’ll have a JUP price of $0.45 and $0.3 level.
Conclusion
From January 31, 2024, Jupiter protocol is giving its early users a free JUP token airdrop who have Solana wallet. However, it is JUP’s first airdrop and according to Jupiter, it has a total of 4 JUP token airdrops with this, in the future, we’ll see 3 more JUP token airdrops.
In the first JUP token airdrop, Jupiter is distributing 1 billion free JUP tokens to 955,000 eligible wallet holders. If this time you are not eligible make sure to use Jupiter protocol to become eligible for the next 3 Jupiter airdrops.
Frequently Asked Questions (FAQs)
When will Jupiter Airdrop start?
Jupiter’s first JUP token airdrop has already started on January 31, 2024, and there are 3 more JUP token airdrops that will yet to be announced. So follow Jupiter on X (previously Twitter) to get an airdrop update.
How do I participate in airdrops?
There are certain criteria that you must have to be eligible for a Jupiter airdrop. Then only you will participate. These are as follows:
- You must be a Solana wallet holder.
- You must be a user of Jupiter protocol.
- You must be a community member or developer. If you do not then read the blog for complete understanding.
Can I Buy a JUP token in India?
Yes, recently CoinDCX made a JUP listing on its exchange where you can easily buy JUP tokens.
Is the JUP token fake?
Not, it is not, but make sure to buy or invest in Jupiter native token JUP.
