Solana’s highly anticipated Jupiter airdrop has completed its first round of claims. There are three more rounds of airdrops to come, and this article provides a detailed guide on how to participate. The article was compiled, translated, and written by PANews, based on an article by Miles Deutscher.
Synopsis:
Jupiter’s listing has skyrocketed by 9900%, reaching $2 with a trading volume of over 500 million pounds. Nearly 60% of JUP airdrops have been claimed.
Background:
The meme coin WEN is booming! Jupiter’s daily trading volume surpasses 520 million pounds, surpassing Uniswap on the DEX leaderboard.
Table of Contents:
Step 1: Swap on the platform.
Step 2: Placing limit orders.
Step 3: Using Dollar-Cost Averaging (DCA).
Step 4: Using bridging function.
Step 5: Using perpetual contracts (exercise caution when using leverage).
Jupiter, a trading aggregator, is currently the largest protocol built on Solana. Jupiter’s co-founder, Meow, utilizes airdrops to expand its ecosystem and bring in new participants.
The JUP airdrop is the largest airdrop event since 2024, distributing over 7.5 billion dollars. Some users have profited over $10,000. However, only the first round of JUP airdrop has been completed, with three more rounds to come. Many users underestimate the scale of JUP’s future airdrops as only 10% was distributed in the first round. The remaining three rounds will distribute the remaining portion (4 billion tokens).
Additionally, Jupiter has not sold tokens to any venture capital institutions or early investors, which indicates 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? From the initial snapshot, Jupiter favors genuine users who utilize native platform functions, and it is expected that future airdrops will follow the same pattern.
– 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, choose the token pair and quantity you want to trade. Jupiter will find the cheapest transaction path for you on Solana.
There are two ways to do this:
– Select Solana when choosing, then select Jupiter. This way, you don’t have to pay any additional fees.
– Perform an additional transaction. This will incur some additional fees, but compared to other chains, Solana is cheaper.
– First, select a token and specify the amount to sell.
– Then, specify the “fee/rate” of the token.
– Alternatively, choose market price and click “Use Market”.
– Click the DCA option.
– Enter the token you want to buy/sell.
– Enter the buying/selling time period.
– Click “Bridging”.
– Choose the token you want to bridge.
– Select the outgoing chain and 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 an example, but more products are expected to be released this year.
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The meme coin WEN is booming! Jupiter’s daily trading volume surpasses 520 million pounds, surpassing Uniswap on the DEX leaderboard.