Jupiter JUP Airdrop: Balanced Proposal for Jupuary 2025

[JUPWhale]

So you want to leave your proposal unbalanced, unfair and not at all in line with the trading volumes and values the categories contribute to Jupiter. But why?

You say you’re open to changes and yet haven’t made any changes based on my feedback. How is that? After many thousands of words of valuable and meaningful feedback you received with facts and data to back it up? No time? No energy? Or you don’t care?

At first I just thought it was ignorance but not it appears malicious. Why? Because the trading activity criteria you’re proposing would only benefit just 2.5% of Jupiter users who fall within your criteria, and leave 97.5% with little.

For example Swap have 191X the volume and 115X the amount of users compared to Limit orders.

And you are saying to allocate 70M to 138,685 users doing 1.7 Billion in Limit orders, but just 140M to 15,940,921 users doing 340 Billion in swaps?

Why just 2X the allocation for 191X the volume and 115X the amount of users?

• Limit volume = 1.7 Billion (191X times less than swap / 0.5% of swap volume (340 Billion)

In which world does someone get a 95.5 times higher allocation, for putting a limit on their trade compared to a regular trade?

Having read all of my feedback you know it’s not right what you’re proposing, but you still leave it up confusing people with strange allocations. If you on the other hand want to have a reasonable contribution, than you might consider the following points to improve your proposal to become a viable alternative:

@JUPWhale

Swap volume = 344 Billion (47 times more than DCA & Limit combined)

• Swap volume = 344 Billion ($344,025,879,459)
• DCA volume = 5.7 Billion (60X times less than swap / 1.6% of swap volume)
• Limit volume = 1.7 Billion (191X times less than swap / 0.5% of swap volume)
• DCA & Limit combined = 7.4 Billion (47X less than swap / 2.1% of swap volume)

Nobody who honestly looks at above data would conclude that Limit Order & DCA (7.4 Billion / 2.1% of swap / 47X less) should get anything near the allocation of Swap volume (344B volume).

If the team would do it according to your proposal, swap & limit order users would unfairly get 47 times more allocation as regular traders / swap users!

The only fair approach here is to treat all volume (swap / DCA / limit) equal, and give a volume multiplier for special / new features (for example 1.5X or 2X multiplier.

Why is $100,000+ volume the top tier while there are over 200,000 users in higher tiers? Why is someone with $100K volume rewarded equally to someone with $10M or $100M in volume?

The team themselves even included the $100K - $1M and the $1M+ tiers in the last round. Now the volume increased 10X it only makes sense to add another $10M+ tier, but instead you remove two tiers? Why? That doesn’t make any sense looking at the data. Do you know better than the team?

It makes me think you did a lot of DCA and Limit farming within the volume tiers you provided, otherwise I can’t think of any reason to propose something so irrational and far from the data. If you agree it doesn’t make sense, why didn’t you make any edits to your proposal after receiving so much thorough feedback?

@JUPWhale

• $10M+ tier²: 30M JUP / 4,422 users = 6,784 JUP per user
• $1M - $10M tier: 50M JUP / 31,920 users = 1,566 JUP per user
• $100K - $1M tier: 90M JUP / 182,332 users = 493 JUP per user

And why in your proposal is there no $1K - $10K tier for regular trading volume, while your DCA and Limit proposes a 47X disproportionate amount and includes the $1K - $10K tier? Is there any reason whatsoever to exclude 1,419,121 users? We already know that deduplication and anti-Sybil is not the reason, because it can be done in many more effective ways without excluding over a million legitimate users.

@JUPWhale

$1K - $10K tier: 90M JUP / 1,419,121 users = 63 JUP per user

Why would you only allocate 20% of the airdrop to trading volume from swaps which represent 95%+ of the users and 75% of the volume and activity on Jupiter? That doesn’t make any sense. And especially considering that you arbitrarily leave out over 1 Million legitimate users (1,419,121 users) $1,000.00 - $10,000.00 in volume. Alternatively you can just apply deduplication and anti-Sybil to filter out the airdrop farmers, to be left with all the legitimate users.

@JUPWhale

1. As a community we can’t just allocate 47X more to a certain feature (like Swap or Limit) in the hope that it has been abused less. We have to use data and use effective deduplication and anti-Sybil, using a blockchain analysis tool.

2. There’s no knowing if the percentage of farmers is lower among DCA & Limit compared to swap. Likely not as we’ve seen from the YouTube video’s people have also been farming those.

3. Most of the gaming with swap volume is already being filtered out with the $100 minimum volume which filters out 73% of wallets (11,361,557).

@JUPWhale

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

4. Further gaming will be filtered out with blockchain analysis performing deduplication and anti-Sybil. There is therefore no need for arbitrary filtering.

5. The tiers in my proposal indicate 2.3 Million users (2,302,243) of Jupiter with $1,000+ volume. This is very realistic considering that JUP alone already has 800,000 holders already, and not yet everyone using Jupiter holds JUP. Nearly everyone on Solana uses Jupiter and the Solana user base has grown like crazy into the many millions since 1 year ago, especially during the memecoin bullruns of late 2023 and around April 2024 with more memecoins exploding every month.

@JUPWhale

The DCA and Limit orders are too nice specific to receive an equal allocation of 140M JUP relative to Swap volume which most people use. Only 1.3% of users is using the DCA or Limit order function, leaving out 98.7% of Jupiter users.

On Solana when people want to buy or sell a memecoin, they’ll just swap SOL for that coin or the coin back to SOL. DCA and Limit is a niche trading functions. There’s no specific reason to push or promote it that much. Most people don’t use it.

Putting so much focus on DCA and Limit puts too much JUP in the hands of a 189,249 - 211,049 traders, while greatly disadvantaging regular swap users.

These ~ 200,000 traders only represent 1.3% or 1 / 77th of all 15.5 Million users. The other 98.7% of users is neglected in the proposal.

Even when only considering the 3,885,443 with $100+ volume users of Jupiter, you’re still leaving out nearly 95% (~ 200,000 vs 3,885,443).

The proposal furthermore neglects and excludes some very important user tiers.

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.

@JUPWhale

This proposal in my opinion is more fair, distributed, decentralised, balanced, growth-oriented and less easily manipulated - than the above.

It is manually written (not with ChatGPT like the above proposal) and includes feedback from dozens of community members on this forum.

It rewards many more legitimate users with a small airdrop providing greater distribution and decentralisation. Whereas your proposal is focussed towards around 200,000 users, the below proposal includes nearly 4 Million users.

It also doesn’t put large allocations into the hands of relatively small groups like 1% - 5% of users as in your proposal (see my previous comments) but considers a much broader user base of 3,885,443 users with $100+ volume while also giving more weight to high volume power users in a sophisticated tiered approach.

It does not provide easy opportunities for gaming the system, as your proposal does with the minimum allocation of 100 JUP for any Staking, DCA and Limit.

It covers all relevant categories like DAO / Stakers, Community contributors, New Feature Users, traders of JUP / JLP / JupSOL, Perpetual traders and JLP holders (liquidity providers) in addition to 7 important and specific volume tiers.

@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.

I rest my case. May the best elements of the proposals be implemented.