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A significant development has emerged from Jupiter, as the community of JUP token holders has approved a pair of revised airdrop proposals, marking a pivotal moment for the ecosystem.
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This decision comes shortly after a previous proposal to distribute $1.7 billion in JUP tokens was rejected, reflecting changing dynamics within the governance system.
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“Maximum effort has to be made to ensure that JUP goes to the right people who have a good chance to become long-term members—not farmers or overly focused on [a] minority set of users,” noted Meow, Jupiter’s co-founder.
Jupiter token holders have approved new airdrop proposals following a previous rejection, aiming to reward long-term users and bolster ecosystem engagement.
New Airdrop Proposals Aim to Enhance Community Engagement
The Jupiter decentralized exchange (DEX) aggregator is repositioning its approach to token distribution following the Jupiter DAO’s recent vote. In a notable shift, over **87%** of voters supported the revised proposal to airdrop JUP tokens, a dramatic increase from the earlier proposal that only garnered **58%** support. This turnout was below the required **70%** threshold, prompting a reconsideration of strategies to ensure genuine engagement from users who actively participate in the ecosystem.
Key Changes Address Previous Concerns Over Airdrop Allocation
The updated proposal incorporates valuable insights from community feedback and is designed to prioritize **real users** over speculative participants typically drawn to airdrop farming. Notable changes ensure that allocations are made to JUP stakers, highlighting a new focus on rewarding those committed to the ecosystem’s growth. The criteria will emphasize “**actual holdings**” and user participation, aiming to build a robust community foundation that will support the long-term vision of Jupiter.
Timeline and Future Outlook for the Airdrop
While specific details regarding the official date of the token airdrop are yet to be disclosed, the proposal notes a target to complete the distribution by **January 2025**. This timeline aligns with “Jupuary,” an event designed to showcase the Jupiter ecosystem in Istanbul, Turkey, scheduled for **January 25-26, 2025**. This strategic planning indicates the project’s commitment to transparency and engagement within the community, emphasizing the need for the airdrop to resonate positively with users.
Previous Airdrop Achievements and Market Reaction
In **January 2024**, Jupiter conducted its first airdrop, distributing **1.35 billion JUP**—amounting to **13.5%** of its total **10 billion** token supply—to nearly **1 million** eligible wallets. Following this initial distribution, JUP’s market performance has seen fluctuations, currently trading at **$1.22**, reflecting a **7.5%** decline within the past 24 hours. Market analysts suggest that the outcome of this revised proposal and its alignment with community interests could influence future trading and adoption of the JUP token.
Conclusion
The recent approval of revised airdrop proposals by Jupiter’s DAO signifies a vital step towards fostering a sustainable and engaged community. By prioritizing genuine participation and rewarding dedicated users, Jupiter has positioned itself to enhance its ecosystem’s resilience and attractiveness. Stakeholders can expect updates as the project approaches its next milestone, with the overarching aim to “**grow the Jupiverse in the most best way possible**,” as highlighted by Meow. Future developments will certainly be watched closely by both community members and investors alike.
