Saturday, January 4, 2025
HomeCrypto NewsJupiter Team Addresses Community Feedback on Airdrops

Jupiter Team Addresses Community Feedback on Airdrops

Jupiter Airdrop Lead Mei has shared a detailed update addressing community concerns and challenges surrounding 2024’s airdrop. In a X post, the team member acknowledged the complexities of the current distribution, attributed a larger user base, increased transactions, and a more complex macro environment compared to last year.


Jupiter Community Feedback on Airdrops

 

Mei wrote that many users requested additional allocation tiers for swap users. However, the team explained that implementing these suggestions could exceed the budget and negatively impact per-wallet allocations. With significantly more wallets in lower-volume ranges, the team aims to balance inclusivity with fairness while staying aligned with Jupiter’s January goal of growing the user base.

Community members expressed worries about fraudulent activities in the lower tiers. As a result, the team member revealed that sybil activity is equally present across all volume ranges and assured aggressive filtering to ensure genuine participation. As per the tweet, measures are being taken to minimize false positives, with plans for an improved customer support.

Mei also pointed out that expert traders sought more transparency in criteria and a higher allocation share. The team clarified their methodology, which normalizes usage across trading products, and highlighted that expert traders are already allocated 20% of the user pool. The team, as explained by Mei, is exploring the possibility of increasing this allocation further.

In the tweet, Mei highlights that stakers requested a reduction in the “super voter” threshold or proportional allocation based on votes cast. The team reiterated that the “super voter” bonus reflects a commitment to Jupiter’s ethos and hinted at potential adjustments to criteria.

The team confirmed allocations would remain on a per-wallet basis due to logistical constraints. Combining volumes across wallets is not feasible for this airdrop cycle.

The Jupiter team also acknowledged the challenges of pleasing a diverse community while managing real-world constraints. They remain focused on filtering feedback and refining the process to ensure a thoughtful and meaningful airdrop. The team will host a Twitter Space on Monday with the CWG to wrap up feedback discussions.


Jupiter Market Trends


As for the market trends, Jupiter is currently trading at $0.8144 after a dip of 2.06% in the past day. The market cap is also down by 1.75% and is resting at $1.1 Billion. The 24 hour market volume is also down by 1.46% at $60.49 Million.

Also Read: SonicX Launches Airdrop Campaign for TikTok Users


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