This has been announced by the founder and CEO of Jupiter. It would destroy the reputation of Jupiter to cancel the airdrop after having promised it.
Millions of new users who missed round 1 have been trading all of last year since November 2023, hoping they can be eligible for the airdrop in round 2.
I am convinced that the airdrops are clearly net positive and moreover necessary to accomplish growth. If you look at the growth of any cryptocurrency ecosystem like Bitcoin, Ethereum, Solana etc or even looking at established memecoins like Wif, Bonk and Popcat, it has gone through similar cycles of volatility characterised by earlier holders selling and the supply being distributed to a greater number of smaller holders.
Not having another (inclusive and growth oriented) Jupuary would greatly limit the progress of JUP to a single year of distribution instead of 4 years. We would fail to capitalise on the 9.5X volume growth and 16X user growth, converting this into more holders and traders for JUP and further cementing the JUP and Jupiter ecosystem. Any good project like Jupiter deserves to keep growing and scaling, and we can’t do that without it’s actual users.
The achievements can become much greater as we scale further through following up on the plans and further advancing the JUP distribution and decentralisation. Jupuary can help further increase the market cap, holder count, trading volume and CMC ranking, bringing JUP and Jupiter to the next level.
The JUP airdrops bring huge (social) media attention to Jupiter and provide (potential) users with an extra incentive to use Jupiter instead of other platforms.
If there would be a vote about the future of Jupuary we would have to consider the timeframes properly.
Round 1 was from the beginning of Jupiter until 2nd of November 2023 with airdrop in January 2024
Round 2 was from 2nd of November 2023 until 2nd of November 2024 with the airdrop in January 2025
In other words, round 2 has nearly been completed and all the activity for the airdrop snapshot has already been contributed in the last 12 months.
If there were to be a vote about IF there should be another round of Jupuary, this would have to be about round 3 and round 4 (as round 2 is now coming to a close).
There should be at least one more JUP airdrop to close of round 2, as this has been promised by the team (see quote below) and the entire last year from 2 November 2023 until 2 November 2024 people have been engaging with Jupiter in a variety of ways, being incentivised with the promise of multiple more rounds of airdrops.
This has been announced by the founder and CEO of Jupiter. It would destroy the reputation of Jupiter to cancel the airdrop after having promised it.
Only 955,000 out of 15,247,000 users (3,885,443 users with $100+ volume) were part of Jupuary round 1. Everyone else has been contributing to JUP and Jupiter in the last 12 months, but has not received any airdrop.
Millions of new users who missed round 1 have been trading all of last year since November 2023, trusting they would be eligible for the airdrop in round 2.
I myself joined Solana in November 2023 and have not received any airdrop. Many millions of users are in the same boat, and are looking forward to be part of Jupuary for the very first time (instead of only seeing others people’s airdrops on Twitter).
Not having another (inclusive and growth oriented) Jupuary would greatly limit the progress of JUP to a single year of distribution instead of 4 years. We would fail to capitalise on the 9.5X volume growth and 16X user growth, converting this into more holders and traders for JUP and further cementing the JUP and Jupiter ecosystem. Any good project like Jupiter deserves to keep growing and scaling, and we can’t do that without it’s actual users.
The achievements can become much greater as we scale further through following up on the plans and further advancing the JUP distribution and decentralisation. Jupuary can help further increase the market cap, holder count, trading volume and CMC ranking, bringing JUP and Jupiter to the next level.
The JUP airdrops bring huge (social) media attention to Jupiter and provide (potential) users with an extra incentive to use Jupiter instead of other platforms.
The distribution method described in my post provides a sensible framework for the distribution of round 2, sufficiently rewarding users who engaged with Jupiter in various was, as well as mitigating the major risks and downsides of the airdrop.
Having a 70,000,000 JUP allocation to distribute among a couple hundred active community members for specific contributions should be more than sufficient.
For example if there are 700 people like ourselves who actively contributed in the community, the allocation would be an average of 70,000,000 / 700 = 100,000 JUP (~ $100,000.00) allocation per person, which is a huge amount.
Having a 70,000,000 JUP allocation to distribute among a couple hundred active community members for specific contributions should be more than sufficient.
For example if there are 700 people like ourselves who actively contributed in the community, the allocation would be an average of 70,000,000 / 700 = 100,000 JUP (~ $100,000.00) allocation per person, which is a huge amount.
Even if there were 7,000 serious community contributors, an average of $10,000.00 per person would still be more than sufficient to provide rewards.
These numbers scare me…believe me.
Likewise, there is no need to wait for anything, although it is very likely that it will happen and no one knows the criteria or what the assignments will be like. Your post was incredible and I thank you for taking the time to create it. So far it has been the one with the most valid arguments, and we just need to touch up some nuances that are out of our reach as a user.
As a Jup holder, I bought all my assets from Jup and staked them. I am happy to see JUP Airdrop 2 But I strongly oppose JUP Airdrop 2 only considering transaction volume like the first airdrop, and ignoring the interests of JUP holders. Increasing the circulation of JUP by 50% will harm JUP stakers if they won get any airdrop. If this is the case, I will not hesitate to oppose airdrops, release the jup stake, and sell JUP. Because it can be foreseen that holding Jup will only continuously dilute and result in losses.
Anyway, I still support JUP Airdrop 2 because it will strengthen jupiter, but I hope to have 30% -50% of the weight considering jup stakers.lfg
There is a good statistic work here but this topic mainly focus on Volume. About all that jupuary 1 comparison it is better to put this comment in here
And this is a good thing. We can learn from this post that the potential airdrop would be significantly less per wallet due to increase in userbase, if they would use the same criteria. However, there are lots of people who have been trying to farm trading volumes with several wallets in the hopes of getting a big cut. It would be stupidity to use the same metrics and give a big cut to these people who have been generating volume in the hopes of getting something.
@meow has also said that if you are using Jupiter to get an airdrop, you will be disappointed. Lots of people will get dissapointed, that’s for sure.
As a Jup holder, I bought all my assets from Jup and staked them. I am happy to see JUP Airdrop 2 But I strongly oppose JUP Airdrop 2 only considering transaction volume like the first airdrop, and ignoring the interests of JUP holders. Increasing the circulation of JUP by 50% will harm JUP stakers if they won get any airdrop. If this is the case, I will not hesitate to oppose airdrops, release the jup stake, and sell JUP. Because it can be foreseen that holding Jup will only continuously dilute and result in losses.
Similar plans. I’m in the 0,1% holders and I know others who are in the same bracket. We all have the same concern and are thinking about moving forward to avoid the dilution. JUP stakers/voters are in the biggest risk of becoming the ones who are paying this jupuary fun. ASR ROI is also getting diluted even without jupuary, so even less incentives to stay.
If there would be a vote about the future of Jupuary we would have to consider the timeframes properly.
Round 1 was from the beginning of Jupiter until 2nd of November 2023 with airdrop in January 2024
Round 2 was from 2nd of November 2023 until 2nd of November 2024 with the airdrop in January 2025
In other words, round 2 has nearly been completed and all the activity for the airdrop snapshot has already been contributed in the last 12 months.
If there were to be a vote about IF there should be another round of Jupuary, this would have to be about round 3 and round 4 (as round 2 is now coming to a close).
There should be at least one more JUP airdrop to close of round 2, as this has been promised by the team (see quote below) and the entire last year from 2 November 2023 until 2 November 2024 people have been engaging with Jupiter in a variety of ways, being incentivised with the promise of multiple more rounds of airdrops.
This has been announced by the founder and CEO of Jupiter. It would destroy the reputation of Jupiter to cancel the airdrop after having promised it.
Only 955,000 out of 15,247,000 users (3,885,443 users with $100+ volume) were part of Jupuary round 1. Everyone else has been contributing to JUP and Jupiter in the last 12 months, but has not received any airdrop.
Millions of new users who missed round 1 have been trading all of last year since November 2023, trusting they would be eligible for the airdrop in round 2.
I myself joined Solana in November 2023 and have not received any airdrop. Many millions of users are in the same boat, and are looking forward to be part of Jupuary for the very first time (instead of only seeing others people’s airdrops on Twitter).
Not having another (inclusive and growth oriented) Jupuary would greatly limit the progress of JUP to a single year of distribution instead of 4 years. We would fail to capitalise on the 9.5X volume growth and 16X user growth, converting this into more holders and traders for JUP and further cementing the JUP and Jupiter ecosystem. Any good project like Jupiter deserves to keep growing and scaling, and we can’t do that without it’s actual users.
The achievements can become much greater as we scale further through following up on the plans and further advancing the JUP distribution and decentralisation. Jupuary can help further increase the market cap, holder count, trading volume and CMC ranking, bringing JUP and Jupiter to the next level.
The JUP airdrops bring huge (social) media attention to Jupiter and provide (potential) users with an extra incentive to use Jupiter instead of other platforms.
The distribution method described in my post provides a sensible framework for the distribution of round 2, sufficiently rewarding users who engaged with Jupiter in various was, as well as mitigating the major risks and downsides of the airdrop.
Not to sound like a broken record, however, to enable PPP, we need the DAO to get some benefits from these exchange users. While the team benefits from the trading activities, the DAO does not get to share the fees with the team, thus misaligning the two entities.
Layerzero found several clusters of 50k+ addresses run by the same operators. These operators invest resources into farming, and immediately sell the rewards for ROI. There is no HOLD model for them. Rewarding farmers is not going to work out for most of the organic users, and only lead to a larger sell-off; as the organic users get lower allocations to allocate more to the sybil whales.
Bad take as the one quote you are using to justify the whole statement is actually misleading. The quote shared does not “PROMISE” anything. 40% being allocated to the community does not equate to “2nd Jupuary Airdrop for Exchange users” in any way.
The tokenomics of JUP are quite clear with 10 Billion total supply of which only 1.35B are in circulation. It has also been clear from the start that 40% or 4B would be brought into circulation through 4 rounds (years) of airdrops every Jupuary.
Most of the 10B still has to come into circulation, and should be well distributed to the 3.9 Million Jupiter users with over $100+ in trading volume.
Everyone knows that the total supply of JUP is 10 Billion and in my opinion the new JUP coming into circulation are already priced in and considered as part of the FDV of ~ $10B.
In regards to the DAO staking and voting, isn’t there already 215 Million left over tokens from the round 1 airdrop assigned to reward the owners of the only 439,433,794 (439.4 Million) total staked JUP?
That is nearly 50% staking reward relative to the current amount staked. Even with further dilution that’s much more than staking rewards of an industry average like for example Solana staking of around 10%.
I did later include an additional ‘New Feature User’ allocation of 70 Million JUP for ‘‘any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting.’’ and this could be even made higher if they team would like, taking away a few millions from other allocations below - but it seems to me that JUP stakers are already royally rewarded.
I do however understand that you have personal benefit in JUP stakers receiving a larger allocation, and might not like the idea personally - but let’s try to consider the broader community of the 3.9 Million+ users who also have been showing their loyalty and support towards Jupiter and JUP.
Final Airdrop Distribution Proposal
The new JUP Airdrop Distribution Proposal for round 2, including the implemented feedback from community members in the comments, looks like this:
$10M+ tier: 40M JUP/ 4,422 users = 9,045 JUP per user
$1M - $10M tier: 100M JUP/ 31,920 users = 3,133 JUP per user
$100K - $1M tier: 140M JUP/ 182,332 users = 767 JUP per user
$10K - $100K tier: 105M JUP/ 664,448 users = 158 JUP per user
$1K - $10K tier: 105M JUP/ 1,419,121 users = 74 JUP per user
All $100+ users¹: 70M JUP/ 3,885,443 users = 18 JUP per user
Community contributors: 70M JUP = distributed at teams discretion
New Feature Users²: 70M JUP: / est. 1,000,000 users³ = ~ 70 JUP per user
It’s crystal clear that 40% was allocated to the community over 4 rounds of airdrops. This was clearly communicated and integrated in the tokenomics of JUP, which by definition makes it a promise. The main thing you’re now putting into question is the definition of ‘‘the Jupiter community’’, which is absurd in my opinion.
It’s very clear by any definition that ‘‘the Jupiter community’’ includes users of Jupiter and traders of the Jupiter Aggregator.
As per ChatGPT for example: ''The Jupiter communityconsists of users, developers, token holders, and contributors who support and engage with the Jupiter Aggregator — a decentralized exchange (DEX) aggregator on the Solana blockchain. Jupiter enables users to swap assets on Solana with low fees, high efficiency, and access to various decentralized finance (DeFi) protocols through one streamlined interface.
This community spans active traders who use Jupiter for asset swaps, liquidity providers, Solana developers building integrations or participating in protocol upgrades, and JUP token holders involved in staking and governance activities.‘’
Things change as things evolve. It’s not the first time a project decides to adjust the tokenomics or how the tokens will be used. If we take this line, we could say that the 30% burn already broke promises. It is true that lots of people would get disappointed with no jupuary but most of these would be the ones who have been spending time and resources farming the airdrop. Be it on swap volume or on social medias. They would never come back to farm another jupuary, so what? Some of us will get disappointed no matter what the outcome is and I think I’ll most likely be one of those as I’m not supporting the most popular option here. Am I still gonna use Jupiter to swap, I absolutely am. I use it because the service is good and so do most other organic users. Am I gonna come here and debate as long as I hold JUP, I definitely am and so does anyone else who care and want to influence.
You started with data but you continue to be imposing the same thing a little bit harder step by step. You said " Most of the 10B still has to come into circulation, and should be well distributed to the 3.9 Million Jupiter users with over 100 dollar in trading volume" .
This is an opinion and everyone can share their opinions but even though you didn’t start with 100 $ criteria now you are implying airdrop ‘should’ be for the ones 100+ volume , calm down and think again mate. Team already stated their opinions about things will be different at this Jupuary and this was months ago…
There have been clear promises for multiple (4) rounds of airdrops, taking place every year during Jupuary (January). You can find several of them in the Grow the Pie update #1 alone: https://www.jupresear.ch/t/archived-grow-the-pie-update-1/.
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