Solana

Jupiter

Jupiter, a decentralized exchange on the Solana blockchain, initiated community voting today for its ambitious “Jupuary” airdrop initiative. The proposal, which requires 70% approval to proceed, seeks to distribute 700 million $JUP tokens in two separate rounds. 
The airdrops aim to foster community engagement and enhance decentralization. Jupiter developers emphasized their mission to “accelerate, decentralize, unify” the broader ecosystem, positioning $JUP as a premier governance token. If the first vote is successful, it will trigger one round of token distribution, with subsequent votes determining the continuation of additional rounds. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="558" height="535" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/Jupiter-Kicks-Off-Voting-.png" alt="Jupiter Kickoffs Japuary Voting" class="wp-image-217596" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/Jupiter-Kicks-Off-Voting-.png 558w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Jupiter-Kicks-Off-Voting--292x280.png 292w" sizes="(max-width: 558px) 100vw, 558px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/JupiterExchange/status/1861079129912901677" target="_blank" rel="noreferrer noopener nofollow">X</a>
 </figcaption>
 </figure>
</div> 
If the proposal does not get 70% of the community vote, they will take feedback from the community and work with the team to come back with an updated proposal. This will continue until 70% of the community is happy with it. 
“This current vote is for checking if the community is comfortable with 2 more Jupuaries rounds of 700M $JUP tokens each,” noted an influencer on X (formerly Twitter). They added that building a decentralized community remains a challenging but rewarding task, encouraging the collective effort to solidify $JUP’s prominence. 
Voting has already started on 25th November and will end on 29th November. It has already <a href="https://vote.jup.ag/proposal/CWAwYcLmniqQYnzDh3QGRH6FtymBesJ9dzk1EBvYNBwK" target="_blank" rel="noreferrer noopener nofollow">passed</a> the minimum threshold of 133,188,849. With this voting, it has become the first-ever DAO vote “to have verified live feedback from real voters”. 
While this isn’t the platform’s first Jupuary airdrop, it represents the largest effort yet. The initiative highlights the growing trend of community-centric governance in decentralized finance (DeFi), where active participation is a cornerstone of success. 
The outcome of the vote will be closely watched, as it could significantly impact Jupiter’s standing within the Solana ecosystem and set a precedent for large-scale token distributions.

Jupiter Kicks Off Voting for Massive “Jupuary” Airdrops on Solana

The Crypto Times

Other articles published on Nov 26, 2024

Bitcoin to Reach $740,000? Pantera Capital CEO Issues BTC Prediction

Top Crypto Picks for Jan 2025: Qubetics’ Tokenized Asset, Bitcoin’s $100K Mark, BNB Ecosystem Exp...

VanEck Expands Crypto Product Portfolio with New SUI ETN for European Investors

Bitcoin ETF Inflows Rise as GBTC Outflows Hit 0

Trump’s Team in Talks with Crypto Leaders for Major Regulatory Shift: Report

Trump’s 25% Tariff on Mexico and Canada Hits General Motors Stock Hard

Join our free newsletter for daily crypto updates!