Jupiter DAO Votes in Favor of $860M ‘Jupuary’ Airdrop.

The recent vote on Jupiter, a Solana-based decentralized exchange, introduced significant changes to the token distribution process, incorporating stricter measures to ensure that rewards go to genuine users rather than airdrop hunters.

On Sunday, the community governing Jupiter approved a highly anticipated proposal, enabling two $860 million token incentives over the next two years. This decision marks a shift in the fundamentals of the JUP token.

This proposal was part of the second “Jupuary” vote, a program where JUP tokens are airdropped to users based on their activities with the protocol in the previous year. Initially, the vote failed to gain enough community support, prompting the revised version to be refloated. The updated plan includes revised token distribution methods with additional checks to prevent airdrop farming, ensuring that only long-term, active participants benefit.

“As much effort as possible needs to go into ensuring that JUP is allocated to the right individuals—those who have the potential to become long-term members of the community, rather than reward-focused farmers,” Jupiter founder “meow” stated in a November proposal. “A part of the allocation will be directed toward encouraging users to hold, buy, and participate in governance over the course of the year.”

“We are committed to prioritizing genuine users, focusing on factors such as actual holdings, ecosystem participation, and consistent usage. Notably, bots will be excluded from this airdrop, unlike the first Jupuary,” meow added.

A snapshot to determine eligibility was captured in November, and users will be able to check their eligibility later this month. The actual airdrop is planned for the following month.

In the meantime, JUP prices have dropped by 7% in the past 24 hours, reflecting the broader downturn in the market.