Jupiter DAO Finalizes $860M ‘Jupuary’ Airdrop After Major Vote.

Jupiter, the Solana-based decentralized exchange, has implemented key changes to its token distribution process, adding stricter checks to ensure airdrop rewards go to engaged users rather than opportunistic farmers.

On Sunday, the community overseeing Jupiter approved a crucial vote that will release two $860 million token incentives over the next two years, a move that is set to reshape the future of the JUP token.

This vote was part of the second “Jupuary” initiative, which involves the annual distribution of JUP tokens to users based on their activity with the protocol during the previous year. After the first vote failed to gain enough community support, the proposal was revisited and revised. The updated vote includes new guidelines on how tokens will be allocated, focusing on limiting rewards to long-term, committed users rather than those seeking short-term gains.

“As much effort as possible must be made to ensure that JUP is directed toward the right people—those who will be long-term participants, rather than farmers or a select group focused solely on rewards,” said Jupiter founder “meow” in a proposal from November. “A portion of the tokens will also be dedicated to incentivizing users to hold, buy, and vote throughout the year.”

“We are committed to including as many real users as possible, using key factors such as actual holdings, consistent participation, and regular use. Unlike the first Jupuary, bots will explicitly be excluded,” meow continued.

A snapshot of eligible users was taken in November, and a link to check eligibility will be available later this month. The airdrop itself is scheduled for the following month.

Meanwhile, JUP prices have decreased by 7% in the past 24 hours, in line with a broader market decline.