Solana’s highly anticipated Jupiter airdrop has completed its first phase of distribution. There are three more rounds of airdrops to come, and this article provides a detailed guide on how to participate. The article is sourced from Miles Deutscher.
Article:
Curated, translated, and written by PANews.
(Prior Background:
Jupiter’s listing surged 9900% and reached $2! Trading volume exceeded 500 million pounds, with nearly 60% of JUP airdrop claimed.
)
(Additional Background:
WEN, the meme coin, is on fire! Jupiter’s daily trading volume exceeded 520 million pounds, surpassing Uniswap on the DEX leaderboard.
)
Table of Contents:
Step 1: Swap on the platform.
Step 2: Place a limit order.
Step 3: Use Dollar-Cost Averaging (DCA).
Step 4: Use the bridging function.
Step 5: Use perpetual contracts (exercise caution when using leverage).
Jupiter, the trading aggregator, is currently the largest protocol built on Solana. The co-founder of Jupiter, Meow, utilizes airdrops to “grow the cake” and attract new participants to its ecosystem.
The JUP airdrop is the largest one to date, distributing over $750 million. Some users have profited over $10,000. However, only one round of airdrops has taken place, and there are three more rounds to come. Many users underestimate the scale of future JUP airdrops, as only 10% was allocated in the first round. The remaining three rounds will distribute the remaining portion (4 billion tokens).
Furthermore, Jupiter has not sold tokens to any venture capital or early investors, indicating its strong focus on the community. This is why the potential of the next three rounds of airdrops should not be underestimated.
So, how can one qualify for the next three rounds of airdrops? Based on the initial snapshot, Jupiter favors genuine users who utilize the platform’s native functionalities, and it is expected that future airdrops will follow suit.
– Click the “Connect Wallet” button in the upper right corner of the website to connect your wallet.
– Jupiter supports most wallets on Solana, such as Phantom and other multi-chain wallets.
Next, select the token pair and the amount of tokens you want to trade. Jupiter will find the cheapest trading route on Solana for you.
There are two ways to do this.
– When you select Solana, choose Jupiter. This way, you don’t need to pay any additional fees.
– Make an additional trade. This will incur some extra fees, but Solana is cheaper compared to other chains.
– First, select a token and specify the amount you want to sell.
– Then, specify the “fee/rate” for the token.
– Alternatively, choose the market price and click “Use Market”.
– Click the DCA option.
– Enter the token you want to buy/sell.
– Enter the time period for buying/selling.
– Click “Bridging”.
– Choose the token you want to bridge.
– Select the outgoing chain and the incoming chain.
– Choose “Long” or “Short”.
– Choose SOL, ETH, or BTC.
– Select the leverage multiplier.
In the future, Jupiter may introduce new features and plans. Therefore, it is important to participate in these interactive activities to ensure eligibility for the next round of airdrops. Jupiter’s Launchpad is just one example, but more products are expected to be released this year.
Related Reports:
Solana’s UNISOL airdrop! Exclusive for Unibot token holders, UNIBOT surged over 45%.
Jupiter’s WEN airdrop, over half of the claimed addresses, but Solana’s new addresses surged!
WEN, the meme coin, is on fire! Jupiter’s daily trading volume exceeded 520 million pounds, surpassing Uniswap on the DEX leaderboard.