@num17 thank you again for your feedback on my article. Based on your feedback, and the feedback of several other community members, I have made several additions and changes to my initial analysis and proposal. These are:
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An extra allocation for users who have traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting
- A total of 70M JUP would be allocated to these New Feature Users
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Applying a minimum volume requirement of $100, resulting in a 74.4% decrease to ~ 3.9M users (source ) instead of 15.25M total wallets
- This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers with less than $100 in total trading volume.
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Adding a new $10M+ volume tier, instead of only using a $1M+ tier
- It would be logical to add a new 10X higher tier since the total trading volume has also increased 9X. Users making $10M+ in trading volume would be rewarded with 9,045 JUP per user
You find the complete additions below.
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Addition on 27. Oct 2024 at 6PM EST
There have been several community members who commented suggesting an allocation, multiplier or bonus for users who have traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting.
Assuming that it’s feasible and possible for the team to retrieve this data, I believe it would be beneficial to introduce a JUP bonus or allocation for users who traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting. It’s a good idea which seems broadly supported by the community.
The tokens would have to come from somewhere though. The tokens could come from the 140M general non-tiered allocation. By reducing the general allocation by 50%, which is 70M, this amount could be used for rewarding users with bonus allocations if they traded JUP, JLP and/or having used DCA, Perps, Staking/Voting.
An added bonus allocation for New Feature Users could look like this:
- New Feature Users: 70M JUP: / est. ~ 1,000,000 users = ~ 70 JUP per user
New Feature Users are any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting. The exact amount of ‘New Feature Users’ is unknown, but considering at least 800,000 JUP holders and over 600,000 JUP DAO stakers / voters, we estimate it to be at least 1 Million users.
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Applying a $100+ volume-based spam filter
The ‘generic’ allocation per general user wouldn’t be affected much by a 70M JUP deduction, as long as a minimum volume requirement of $100 is implemented. In fact, the allocation per general user with $100+ volume would be even higher. The below filtering out of 11.3 Million low quality spam users / bots explains how.
Several community members have noted the importance of implementing measures against low quality spam users / bots and airdrop farmers. Applying a minimum volume requirement of $100 would make ~ 3.9M users (source ) instead of 15.25M wallets. This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers with less than $100 in total trading volume.
In this adjusted proposal only a core user base of ~ 3.9 Million Jupiter users (source ) would receive an allocation, instead of the earlier mentioned total wallet count of ~ 15.25 Million. It would increase the allocation to legitimate users from 9 JUP to 18 JUP per user, despite using only 70M JUP instead of 140M JUP as the ‘all users’ allocation.
So instead of …
- All users: 140M JUP / 15,247,000 users = 9 JUP per user
… it would be:
- All $100+ users: 70M JUP / 3,885,443 users = 18 JUP per user
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Addition on 28. Oct 2024 at 6AM EST
Based on the feedback from community members in the comments, it might also be a good idea to add a new $10M+ volume tier, instead of only using a $1M+ tier. It would be logical to add a new 10X higher tier since the total trading volume has also increased 9X.
Adding a new $10M tier would effectively mean splitting up the 140M JUP airdrop allocation for highest tier in two new tiers of $1M+ and $10M+ volume power users, with a 100M JUP and 40M JUP allocation respectively.
For example 40M JUP would be allocated to the top 4,422 users (source) who traded over $10 Million in trading volume. The remaining 100M JUP would be going to the 31,920 users (source) who traded between $1M and $10M in volume.
This would result in the following airdrop allocations for power users:
- $10M+ volume tier: 40M JUP / 4,422 users = 9,045 JUP per user
- $1M - $10M volume tier: 100M JUP / 31,920 users = 3,133 JUP per user
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Final Airdrop Distribution Proposal
The new JUP Airdrop Distribution Proposal for round 2, including the implemented feedback from community members in the comments, would look 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
Total: 40M + 100M + 140M + 105M + 105M + 70M + 70M + 70M = 700M JUP ⁴.
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¹ $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 ~ 11.3 Million low quality spam users / bots and airdrop farmers.
² Any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting.
³ The exact amount of ‘New Feature Users’ is unknown, but considering at least 800,000 JUP holders and over 600,000 JUP DAO stakers / voters, we estimate it to be at least 1 Million users.
⁴ The total airdrop allocation would have been 1 Billion instead of 700 Million if there wouldn’t have been the highly disputed passed vote for a 30% JUP token supply burn. The burn significantly reduces the community distribution by 300 Million JUP.
