JUP Airdrop Proposal for Season 2 - 2025

[JUPWhale]

You’re committing a classic logical fallacy here; Ad hominem. It was first recognised by Aristotle around 350 BC. You can’t win the argument on the merit of reason so you diverge to personally attacking the person making the argument.

Don’t confuse conviction with ulterior motive. You see a new JUP community member who is active, diligent, hardworking, gets a #1 trending topic, is able to discuss with and implement feedback from dozens of other community members…

And you’re just going to throw some wild accusations at them and question their motives? Nobody on this forum deserves to have their motives questioned as a result of providing valid arguments and taking effort to provide a good proposal.

As a JUP holder I care about a strategic distribution of JUP through Jupuary.
I’m a big Jupiter user since November 2023 (just missed the first airdrop) and I love the Jupiverse. I’m excited to be part of the Jupuary airdrop for the first time.

I’ve used nearly every function of Jupiter JUP, JLP liquidity providing, JupSOL, advance trading features, DAO / Staking JUP, Perpetual contracts, as well as reaching decent trading volume on my personal wallet through Swap and DCA. I don’t feel the need to provide further details about the extend of my trading.

The airdrop amounts in my proposal are mainly significant to JLP holders and JUP stakers as it’s a linear amount proportionate to the amount invested. There are a few dozen JUP Stakers with over 1M JUP staked who would get 159,000 JUP+. For example the person with ~ 10 Million JUP staked would get $1,590,000 in my proposal and a few million USD more from ASR. To be clear, I’m not that person.

[JUPWhale]

JUP Airdrop Proposal for Season 2 - 2025

These are just assumptions. Do you have any data to back up these claims? New users might just be as valuable or more valuable for Jupuary as existing users. About your other arguments: The point of the 2nd November 2023 - 2nd November 2024 snapshot timeframe (for example if the same as round #1 is used) is that users within that timeframe are eligible. It doesn’t make any sense then to add another time-based criterium. The time between the November snapshot and the January airdrop already p…

[lochie2001]

Yeah I feel the same l.

[JUPWhale]

JUP Airdrop Proposal for Season 2 - 2025

You’re committing a classic logical fallacy here; Ad hominem. It was first recognised by Aristotle around 350 BC. You can’t win the argument on the merit of reason so you diverge to personally attacking the person making the argument. Don’t confuse conviction with ulterior motive. You see a new JUP community member who is active, diligent, hardworking, gets a #1 trending topic, is able to discuss with and implement feedback from dozens of other community members… And you’re just going to throw…

[JUPWhale]

At the ‘power user’ level there is a lot of overlap between users doing DCA/Limit/Perps as well as staking JUP and swapping high volumes. Most people who stake also trade, most people who do DCA also use Limit etc. That’s why I think the numbers of these categories are so similar, 180K, 220K, 300K etc.

You could take all these wallets and deduplicate them in Google Sheets and you’ll see that most of these categories contain the same wallets, so you can’t just add it up. I think you won’t reach more than ~ 300,000 total users if you leave out the < $50 stakers. The 1M - 1.5M you said isn’t based on data but is an assumption.

These categories only include 2% - 4% of Jupiter users or 13% at the most if you consider 2,302,243 instead of 15,650,277 to be the total user count ($1,000+ volume only).

Most people using Jupiter are regular traders or ‘‘swappers’’ like you call them. Per the data 98% of users (300,000 / 15,650,277 x 100) don’t use any other function than regular trading. Even if you only consider the $1,000.00+ trading volume users it’s still 87% (300,000 / 2,302,243 x 100).

Your proposal leaves out between 87% and 96% - 98% of all Jupiter users.

@Shrekt

I have also thought about swappers as well which by your estimates are 664448 users.

The tiers I made are not based on my ideas but on the actual user data. Why would you only include users between $10K and $100K volume and not others?

I understand some people might want to leave out the $100+ tier with 3,885,443 wallets, although I think it’s great to give just 10 JUP to 3.9 Million wallets.

But there is no good reason to leave out the 2,302,243 users in the $10M+ tier, the $1M - $10M tier, the $100K - $1M tier as well as the $1K - $10K tier.

@JUPWhale

This is leaving out 5.2 Million mostly legitimate users, who are the average memecoin traders on Solana / Jupiter. The $1,000 - $10,000 tier of 1,419,121 users is strongly neglected, as well as the $100+ general tier of 3,885,443 users.

• $1K - $10K tier: 100M JUP / 1,419,121 users = 70 JUP per user
• All $100+ users²: 40M JUP / 3,885,443 users = 10 JUP per user

It also doesn’t reward and honour the contribution of the greatest contributors / power users with the top tiers lacking from your proposal.

• $10M+ tier¹: 40M JUP / 4,422 users = 9,045 JUP per user
• $1M - $10M tier: 70M JUP / 31,920 users = 2,193 JUP per user
• $100K - $1M tier: 100M JUP / 182,332 users = 548 JUP per user

[JUPWhale]

I totally agree with this!

Anything staking under 10 JUP is probably spreading over multiple wallets or gaming the system like the 19,000 wallet Sybil cluster @BTC identified.

When adding a $100.00+ minimum or $1,000.00+ minimum for swap volume, it’s only reasonable to also add a 10 JUP staked minimum for the DAO allocation.

[lochie2001]

Bro you need to relax on the spam here. It’s like 309 posts in a few days

[JUPWhale]

This is also a good summary of what can be improved.

[JUPWhale]

It’s not spam, it’s active community contribution. If it were spam you can go ahead and report it as such, but your report won’t have any merit. Let me be a degen and have no life for a week outside of Jupresearch. I like diving into something, and I like that there can be high level debate on this forum. Have some appreciation.

[JUPWhale]

@Shrekt

I agree that 1,2 and 5 can easily be gamed but the fact is that they obviously aren’t

If you go type ‘‘Jupiter Airdrop’’ in YouTube and listen to a few of the top video’s, and you’ll find out that DCA and Limit have been gamed as well. These dudes are literally saying to do DCA and Limit and use as much features as possible to increase the changes of getting an airdrop.

@Shrekt

Data can easily be checked so we can see that those 3k dca users (for example) today have larger % of them being more authentic rather than those 300k wallets doing simple swaps.

Is this based on any Jupiter user data, or is this just a feeling you have? May I ask how you are measuring if a user is more authentic? Why does making a DCA make you more authentic than doing a swap? That just sounds like discrimination.

@Shrekt

i think i am summarising what most people would like to see

That’s easy to say but unfortunately not the case. In my estimation only around 20% of people who responded to my proposal thought regular traders needed a very small allocation as in your proposal. Most are happy with 65% or 50%+.

@JUPWhale

This is leaving out 5.2 Million mostly legitimate users, who are the average memecoin traders on Solana / Jupiter. The $1,000 - $10,000 tier of 1,419,121 users is strongly neglected, as well as the $100+ general tier of 3,885,443 users.

• $1K - $10K tier: 100M JUP / 1,419,121 users = 70 JUP per user
• All $100+ users²: 40M JUP / 3,885,443 users = 10 JUP per user

It also doesn’t reward and honour the contribution of the greatest contributors / power users with the top tiers lacking from your proposal.

• $10M+ tier¹: 40M JUP / 4,422 users = 9,045 JUP per user
• $1M - $10M tier: 70M JUP / 31,920 users = 2,193 JUP per user
• $100K - $1M tier: 100M JUP / 182,332 users = 548 JUP per user

As long you leave out 1,419,121 users of the $1K - $10K tier, 182,332 users of the $100K - $1M tier, 31,920 power users of the $1M - $10M tier and 4,422 ultra power users of the $10M+ tier, it’s just not a proposal which can be seriously considered.

[lochie2001]

Ok buddy that’s okay.

[Jeanlucbb0]

At the end of the day, this is a multi billion dollar protocol and any Jupuary proposal is going to get close to a billion dollar decision.

The contribution is reasonable in this regard, and everything they’ve posted has been meaningfully researched and considered.

[JUPWhale]

Thank you @Jeanlucbb0. I was actually thinking about it in the same way.

I realised they can easily hire any of the top business consulting firms of the world like McKinsey & Company, Boston Consulting Group, Bain & Company, Deloitte or PwC and pay them $1,000 an hour or $1M - $10M for a big project like this.

But the team chooses to do a lot of the trench work themselves, asking the community for a lot of ideas and feedback, and letting the DAO vote. That’s epic!

[JUPWhale]

@Shrekt

I appreciate your feedback. I agree that 1,2 and 5 can easily be gamed but the fact is that they obviously aren’t - there is 100x more users doing swaps and those users were rewarded in S1.

I think it is time to move on from swaps and make the focus on the new features of the platform. Those would only be gamed if someone knows in advance what the criteria would be.

I have prove that DCA, Limit Order, (Vote and Perps) are being gamed.

You will see it clearly when you look at YouTubers on the topic of Jupiter airdrop.

They all tell their audience to use all different features like DCA, Limit Order, Vote and Perps. You get these results in YouTube simply by searching for ‘‘Jupiter Airdrop’’, but all these video’s are void of any interesting information and are only about farming the JUP airdrop.

YouTuber Example 1: Jupiter Airdrop Season 2 - FULL TUTORIAL GUIDE
YouTuber Example 2: Claim Airdrop + JUPITER Airdrop Season 2 - DO THIS NOW
YouTuber Example 3: THE NEXT JUPITER AIRDROP WILL BE BIGGER THAN THE LAST!!

FYI I think this kind of content is absolute junk. I’m sharing it to prove that farmers actually focus on using DCA, Limit Order, Vote and Perps. Most will do it with relatively low volume.

That’s why adjusted volume determined tiers are still the best way to exclude illegitimate use. You’d need to apply a minimum volume requirement of $1,000 for the most allocation. The team would also have to do deduplication and anti-Sybil with blockchain analysis.

[aped]

and still it has relatively less users even after farmers compelling to use compared to what 333 billion in swap volume which has no fee. features>ordinary swap.

1. interaction
2. volume tier
3. fees spent

this eventually circles the non organic users.

[Shrekt]

This is the graph for the dca users

This is the graph showing swap users

And you are saying that DCA/other niche product is being farmed? This is ridiculous

[Shrekt]

You share your opinion with a self-disclosed sybil, it will definitely strenghten your position and reasoning.

[Asimsy]

I am not avoiding the substance of the argument, you are determining that swap users get the lions share of the airdrop when other areas including the DAO/community are just as, arguably more important than the swappers. They are the reason the project has grown substantially over the past year. 1/3 of all jup volume comes from the perps alone. I do think, and will continue to stand by my point that you have arrived in this forum just this week around the suspected snapshot date aggressively pushing a narrative around swap volume.
I think your post was comprehensive and well thought out but your steadfast positioning makes me somewhat suspect and suggesting you have ulterior motives is justifiable given the circumstances.

[JUPWhale]

With the Jupiter API bots can’t do DCA, Limit, Perps, Vote etc so it’s only manually farmed. But manual farming is still farming. There for sure are quite some people in the certain Asian or African countries clicking 20 hours a day with $10, without a bot.

The failed transactions on swaps come from bot activity. Most of these purple transactions are sub < $100 wallets. I don’t have the data source for that, but that is what the data would show if you would be able to access it. That’s why I wrote:

@JUPWhale

This provides a clear reason to exclude the 11,361,557 wallets with < $100 volume from any airdrop. These millions of bot wallets don’t merit (deserve) any allocation.

That’s this type of activity bot activity, which is why we have to exclude 11,361,557 wallets:

@JUPWhale

The sub < $100 wallets consist mainly of wallets doing the below type of transactions on memecoins. These are bots performing $0,01 transactions from newly created wallets to increase the TX Count and Maker Count, in order to make the memecoin trending on DexScreener and similar platforms.

This provides a clear reason to exclude the 11,361,557 wallets with < $100 volume from any airdrop. These millions of bot wallets don’t merit (deserve) any allocation.

@JUPWhale

• $0 - $100 wallets²: No Allocation / 11,361,557 users = 0 JUP per wallet

@JUPWhale

² $100 minimum volume requirement used to reduce the general user base from ~ 15.25 Million wallets to ~ 3.9 Million users. This effectively weeds out around ~ 11.36 Million low quality spam users / bots and airdrop farmers. No allocation for wallets with < $100 volume. Further deduplication may also need to be performed.

[JUPWhale]

I’ve made my reasoning very clear as to why I propose to allocate 65% of Jupuary to the 2,302,243 users ($1000+ volume) - 3,885,443 ($100+ volume) regular traders on Jupiter. This is why:

1. Because because 90% - 96% of people only use Jupiter to for regular trading.

2. And because Trading volume and user count / onboarding is and will always be the most important metric for any cryptocurrency exchange, centralised or decentralised.

@JUPWhale

Trading volume and user count / onboarding is and will always be the most important metric for any cryptocurrency exchange, centralised or decentralised.

Trading is something that every Jupiter user does. That’s how the average memecoin degen is onboarded onto Jupiter, by doing some memecoin swaps. That’s why there are 3,885,443 users with $100+ volume and 1,419,121 users in the $1,000 - $10,000 trading volume tier.

Most people use Jupiter to swap memecoins, while only around ~ 5% - 10% of users utilise the more advanced features of the Jupiverse.

Jupuary is an opportunity to engage these millions of regular users, and to concert them to the Jupiverse with all it’s options like JUP, JLP liquidity providing, JupSOL, advance trading features, DAO / Staking JUP, Perpetual contracts etc.

The volume tiers help identify which users are more valuable and contribute more to the trading volume. It would be irrational to further reduce volume-based allocation. Although trading volume tiers will have less focus in round 2 compared to round 1, they deserve an important role in the Jupuary airdrop.

That’s why this round 2 proposal includes 35% (250M) to New Jupiter Features & Community Allocations 250M JUP and 65% (450M) to Adjusted Volume-Based allocations 450M JUP (with deduplication).

DAO / JUP Stakers, Community contributors, New Feature Users, Perpetual Traders and JLP holders are all included in this Jupuary proposal, alongside with regular traders of the volume tiers $10M+ tier, $1M - $10M tier, $100K - $1M tier, $10K - $100K tier, $1K - $10K tier and $100+ users.