The governance of decentralized exchange aggregator Jupiter has approved a proposal to airdrop $860 million worth of JUP tokens to voters in the community called Jupuary.
The proposal, launched by Jupiter founder Meow, aims to encourage long-term participation. He presents a detailed roadmap for the airdrop, emphasizing unity within the community. Meow emphasized the importance of collective decision-making.
Additionally, the proposal addresses key concerns, such as ensuring that the airdrop benefits genuine long-term participants rather than speculators or robots.
Although Meow did not share details on how Jupiter plans to achieve this goal, he explained that part of Jupuary’s allocation will encourage the holding, purchase and use of JUP to vote next year.
The proposal also mentioned an explicit allowance for stakeholders who systematically vote on proposals. Meow added:
“We will strive to include as many real users as possible, using key metrics such as real-world holdings, ecosystem participation, and consistency/location of use. Notably, unlike the first month of July, robots will be explicitly excluded.
The proposal also notes that this $860 million airdrop represents a symbolic distribution and a strategic step towards strengthening the Jupiverse, uniting its stakeholders and laying the foundation for sustainable growth in the years to come.
Additionally, the approval paves the way for “Catstabul,” a milestone event less than two months away, during which Jupiter plans to unveil initiatives with significant implications for the tokens’ utility. Meow highlighted that the new efforts include token auditing, supply consumption, and a refined platform strategy.
Jupiter is Solana’s second biggest A, with a total value locked of over $2.5 billion.
