Jupiter Lianchuang: It is expected that 15%-17.5% of JUP tokens will enter the market on the first day of creation

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Cointime2024/01/02 11:12

By:Cointime

Meow, co-founder of Jupiter, disclosed more information about JUP tokens on social media. Meow stated that the current tentative plan is as follows:

1. Mint 10 billion JUP tokens;

2. Distribute the 10 billion JUP tokens equally in a 50:50 ratio to two cold wallets (belonging to the team and the community respectively);

3. Extract 10% from the team wallet to provide liquidity;

4. Extract 15% from the community wallet for the first airdrop and early community activity needs.

Meow added that the team wallet is expected to initially use a 5% share for building initial liquidity, and the use of the remaining share is yet to be determined. However, on the first day, 1-2% of the share may be used for liquidity. Overall, it is expected that 15%-17.5% of JUP tokens will enter circulation on the first day of creation, 10%-7.5% of tokens will be stored in hot wallets, and 75% of tokens will be stored in cold wallets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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