Cheers @wenwencoin to an amazing launch, and thanks for being such awesome partners.
There are a million things that can go wrong with the end to end process, and we are grateful to them for working through all the teething issues with us.
Next launch on LFG beta: JUP!
Eligible users have until Jan. 29th, 2024, 03:00 AM UTC to claim their $WEN. After the claim window ends, all remaining unclaimed $WEN will be burned.
Always verify official sites before doing any claims.
So, wen you ask? Now ❤️
Jupiter x Squads: The most powerful multisig wallet in Solana gets a massive upgrade - ability to execute limit orders direcly from your team/dao/organizational wallet.
We work really hard at providing a solid liquidity infrastructure for Solana and crypto, so amazingly useful features like this on anchor applications like Squads are great to see happen.
Looking forward to a multi-facted collab with @multisig for years to come!
If you've experienced slowness or errors recently (especially on extension), please update to v24.0.1 or later.
Our team's been busy improving performance and reliability to make your experience much smoother.
Let us know in the replies if you have any feedback!
Breaking 🚨 New airdrop on Solana!
Jupiter Airdrop > Pyth Airdrop
Here is everything you need to know about $JUP airdrop 👇
Explanation of:
> Tokenomics
> Tiers of airdrop distribution
> FDV predictions
Jupiter, a major DEX aggregator on Solana, is releasing its token through an airdrop.
Approximately 955k wallets that interacted with DEX before Nov 2, 23 are eligible. Find out if you made the list 👇
------------ Tokenomics ------------
> $JUP token supply = 10 billion
> 40% allocated for airdrop rewards
> In the first round 10% will be distributed
------------ Airdrop distribution--------
Airdrop will be divided into 3 parts:
• 1% to the community and developers
• 2% to all users who have interacted with Jupiter
• 7% distributed among users based on volume and activity within the DEX
------------ Tiers of eligible users ------------
7% will be split according to generated trading volume
4 tiers:
• $1k volume - 1k $JUP
• $10k volume - 3k $JUP
• $100k volume - 20k $JUP
• $1 million volume - $100k $JUP
Volumes in 2022 carry less weight than in 2023. Arbitrage volume not counted.
Known service wallets (Wormhole) excluded from airdrop. Swap of stables or solana to wraped assets may not be counted or have less weight.
------------ Comparison ------------
If FDV of JUP = $UNI → JUP = $0.52
If FDV of JUP = $1INCH → JUP = $0.5
If FDV of JUP = $RUNE �� JUP = $0.3
If FDV of JUP = $RAY → JUP = $0.02
If FDV of JUP = $CAKE → JUP = $0.01
------------ Rumors that make you wonder ------------
@weremeow shared breathtaking informative stats about @JupiterExchange:
> 0.1% of wallets make up 60% of trading volume.
> 0.2% of wallets make up 80% of trading volume.
> Within the 0.2% tier, non-bot users account for 240M of volume.
> The lower 70% of wallets contribute less than 1% of volume.
To ensure fair distribution:
> Linear or quadratic proportion based on volume won't work.
> A reasonable tier method is used to prevent excessive or insufficient rewards.
Additional finding:
> Bigger wallets were more active before 2022, while smaller wallets were more active after 2023.
> This suggests adjusting the multiplier for 2023 volume to elevate smaller wallets to higher tiers.
------------ Summary ------------
Compared to Uniswap ($13.3 million) and Pancake ($2.8 million), Jupiter currently has $1-1.5 million in daily volume.
Uniswap's market cap is $4 billion, Pancake's is $600 million, so Jupiter's would be around $300-$400 million.
Considering 10% token unlock, after listing pump price could reach $0.3-$0.4 per token or $0.03-$0.04 when fully unlocked. That's my prediction.
Seeing so many people try to "blame" me for $BONK price action. I haven't sold any in 3-4 days. Still hold more $BONK than 95% of you.
Why did price go down? No clue. Maybe big liquidations on ByBit from those leveraging up. More sellers than buyers. Honestly, not sure.
• We will be moving to the older @metaplex NFT standard and moving away from OCP, this will allow OPTIONAL royalties.
• Royalties will be changed to 2% to ONLY be used for the buying and burning of $BONK.
Reminder, OPTIONAL royalties means you can choose to NOT pay this 2%.