The JUP airdrop will begin soon.
Jupiter Exchange will conduct an airdrop on January 31st at 10am (EST).
@mrink0 published a thorough report on time, containing all the important information about JUP. Here is a brief summary:
Jupiter: Giant
Jupiter is Solana's main DEX aggregator. It acts as a quasi-frontend for Solana DeFi and accounts for more than 75% of the trading volume.
Today, Jupiter is a giant offering five products: exchanges, perpetual contracts, fixed investments, bridges and limit orders. With an average weekly exchange volume of over $3.5 billion, Jupiter has begun to surpass Uniswap.
After becoming one of the most popular protocols in the crypto space, Jupiter is preparing to launch its native token JUP, with a strong PMF and emerging bull market as a boost.
core indicators
Speculations are rife about the value of the airdrop allocation and the price of JUP. To shed some light on this discussion, let’s dig into the key numbers:
·The maximum supply is 10 billion
· 50% team, 50% community
· 4 rounds of airdrops (possibly once every January)
· 20% team allocation (with 1-year lock-in period and 2-year unlock period)
· 20% strategic reserve allocation
· 1.35 billion initial circulation:
1 billion for the first round of airdrops
250 million for startup pool
50 million in loans to centralized exchange market makers
50 million for any urgent liquidity provision needs
@mrink0 once worked at a CEX and was responsible for running worst-case selling pressure models before each listing to ensure there was sufficient liquidity on the books. Any liquid token trading at a positive cost basis is considered potential selling pressure.
JUP's opening price
JUP is already trading on some pre-markets, such as Aevo. On Aevo, its price is currently $0.67, with a rough range between $0.40 and $0.70, with an all-time high of $0.85.
Taking pre-market trading as a reference, this is the basic information table of JUP:
Therefore, JUP's market cap and FDV will be as follows:
Assuming JUP trades as high as $1, its market cap would reach $1.35 billion, making it a top 60 token on CMC. Its implied FDV will reach US$10 billion. According to this metric, it will become the 18th most valuable asset among all crypto assets.
For arguments surrounding bullish and bearish scenarios for JUP, check out the full report .
