Jupiter

JUP holders can participate in the governance of the Jupiter DAO, influencing decisions on protocol upgrades and treasury allocations. Additionally, staking JUP tokens allows you to earn Active Staking Rewards (ASR). The tokenomics include mechanisms like token burns and buybacks to manage supply and support the token's value. ​

Jupiter was founded by individuals known pseudonymously as Meow and Ben Chow.

JUP was officially launched on January 31, 2024. The initial airdrop distributed 1 billion JUP tokens to nearly a million Solana wallets that had interacted with the Jupiter protocol before a snapshot cutoff of November 2023. The distribution strategy included multiple waves, with 4 billion JUP tokens allocated across four airdrop phases.