Pyth and Jupiter airdrops are here - Everything you need to know.
Only 2 days for the Pyth Airdrop. Jupiter airdrop is still unknown.
Jupiter and Pyth airdrops are on the horizon, with the potential to generate a wave of liquidity unseen even during the Solana bull market of 2021.
As the leading ecosystem in what appears to be the beginning of a new bull market, Solana has demonstrated robust recovery from what was perceived by many as a situation with no good end in sight. The incoming airdrops can potentially result in thousands of dollars for numerous users within the ecosystem.
This could result in even more faster growth across key metrics such as Daily Active Addresses, On-Chain Volume, and the overall Token Ecosystem.
Jupiter
Jupiter Aggregator has released key details about its upcoming community airdrop. The airdrop considered actions executed up until November 2nd. The eligibility criteria extends to 955,000 wallets, reflecting the project's commitment to inclusivity. With 40% of the allocation reserved for the community across four rounds, Jupiter Aggregator aims to reward the users who believed the ecosystem throughout the last two years.
The Jupiter Aggregator community airdrop will distribute tokens according to a structured plan:
The allocation comprises 2% for an even distribution to all wallets, with 200 million tokens in total. This approach ensures fairness, offering a proportionate share to each wallet, regardless of size or activity.
Additionally, 7% of the allocation, equivalent to 700 million tokens, is reserved for a tiered score-based distribution. Tiers are determined based on adjusted volume, rewarding higher trading activity with larger token allocations.
1% of the total allocation, amounting to 100 million tokens, is dedicated to community contributors on platforms such as Discord, Twitter, and developers. This allocation acknowledges and rewards contributions beyond transactional engagement.
Pyth Network
Pyth Network is the largest first-party oracle network for publishing financial market data on-chain. The network sources its data from over 90 first-party data providers, including some of the biggest exchanges and market makers. Pyth offers real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains.
Eligibility
On November 20th, 255M Pyth Tokens will be Airdropped to 90K Wallets Next Week. The network's native token PYTH will initially have a circulating supply of 1.5 billion, with 85% of the total supply being locked between six and 42 months.
The Pyth Network airdrop on Solana may attract new users, enhance community engagement, boost market liquidity, serve as a marketing tool for the Solana ecosystem and potentially lead to token value appreciation.
Conclusion
The positive shift in sentiment around the Solana, merged with the incoming airdrops from Pyth Network and Jupiter are a recipe for an explosion of activity in the ecosystem.