Close Menu
Cryprovideos
    What's Hot

    Conflux (CFX) Community Schedules Vital v3.0.1 Hardfork Improve

    August 25, 2025

    Bitcoin Value Drops Under $112,000 As Metaplanet Declares To Purchase $11.7M Price Of Bitcoin

    August 25, 2025

    Bitcoin Hyper Presale Explodes: Whales Purchase $52K in One Day

    August 25, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Solana DeFi Alternate Jupiter Will get OK for Airdrops After First $1.7 Billion Vote Failed – Decrypt
    Solana DeFi Alternate Jupiter Will get OK for Airdrops After First .7 Billion Vote Failed – Decrypt
    Altcoins

    Solana DeFi Alternate Jupiter Will get OK for Airdrops After First $1.7 Billion Vote Failed – Decrypt

    By Crypto EditorDecember 10, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Solana DeFi Alternate Jupiter Will get OK for Airdrops After First $1.7 Billion Vote Failed – Decrypt

    Solana decentralized trade (DEX) aggregator Jupiter is ready to airdrop JUP tokens to its neighborhood over the subsequent two Januaries after the Jupiter DAO—the collective of JUP token holders—permitted a revised airdrop proposal following a failed first attempt to hand out $1.7 billion price of tokens.

    Greater than 87% of votes have been in favor of the second proposal, which made a number of key adjustments from the primary that solely acquired 58% votes in help late final month, under the required 70% to cross the proposal. 

    Incorporating suggestions from 1000’s of earlier voters, the second proposal included key adjustments from the primary, like offering an allocation for JUP stakers and growing the give attention to together with actual customers, as an alternative of airdrop-farming bots, by way of standards like “precise holdings” and “participation within the ecosystem.”

    “Most effort needs to be made to make sure that JUP goes to the fitting individuals who have a very good likelihood to change into long-term members—not farmers or overly targeted on [a] minority set of customers,” wrote Meow, Jupiter’s pseudonymous co-founder, within the second proposal.

    The official time and date for the airdrop has not but been introduced, however the revised proposal signifies a have to have the “Jupuary” token drop “fully wrap up by Catstanbul,” a two-day Jupiter ecosystem occasion being held in Istanbul, Turkey on January 25-26, 2025. 

    Jupiter concluded its first airdrop to ecosystem individuals in January 2024, airdropping 1.35 billion JUP, or 13.5% of the entire 10 billion token provide to virtually 1 million eligible wallets.

    Last JUP token quantities weren’t included within the second proposal, with Meow citing that debating the precise quantity “would be the workforce’s burden to bear.” The primary airdrop proposal requested for 700 million JUP tokens to be put aside for every of the subsequent two Januaries, a complete of $1.7 billion at present JUP costs. 

    “All of us need the identical factor—to develop the Jupiverse in essentially the most greatest manner potential,” stated Meow. 

    JUP, the Jupiter ecosystem’s native token, is at the moment buying and selling at $1.22, down 7.5% within the final 24 hours. 

    Edited by Andrew Hayward

    Every day Debrief Publication

    Begin day-after-day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    New ETF Filings Trace at Broader Crypto Product Growth Forward – Decrypt

    August 25, 2025

    Crypto Property May be A part of Diversified Portfolio, Japan's Finance Minister Kato Says

    August 25, 2025

    Prime Crypto Information this Week: Nvidia Earnings, $10 Million HUMA Unlocks, THORChain Improve, and Extra

    August 25, 2025

    XRP Struggles at $3 as Shorts Stack $1.2B Regardless of Landmark SEC Settlement ‣ BlockNews

    August 25, 2025
    Latest Posts

    Bitcoin Value Drops Under $112,000 As Metaplanet Declares To Purchase $11.7M Price Of Bitcoin

    August 25, 2025

    Bitcoin Hyper Presale Explodes: Whales Purchase $52K in One Day

    August 25, 2025

    BTC bull run over at $111K? 5 issues to know in Bitcoin this week

    August 25, 2025

    Metaplanet Makes $11.7M BTC Purchase, Closes On Riot Platforms

    August 25, 2025

    Bitcoin: It's Crucial Week for BTC – U.Right this moment

    August 25, 2025

    Philippines Congressman Proposes BTC Reserve to Assault Nationwide Debt

    August 25, 2025

    Greatest Crypto to Purchase Now as Bitcoin and Ethereum Face $450M Liquidation Massacre

    August 25, 2025

    Why Did Bitcoin Out of the blue Flash Crash To $110,700 Yesterday?

    August 25, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    How To Make Cash Buying and selling Crypto Futures Whether or not Market Is Up Or Down

    August 5, 2025

    Crypto Whales Are Accumulating These 4 Altcoins as Bitcoin Dips

    August 2, 2025

    Crypto Crackdown Or Readability? CFTC And SEC Consider Laws | Bitcoinist.com

    March 6, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.