Jupiter

JUP is the native governance token of the Jupiter platform. It is deployed on the Solana blockchain and operates using Solana's SPL token standard. The token was officially launched in January 2024 with an initial circulating supply of approximately 1.35 billion JUP. While the maximum supply was originally set at 10 billion, the community has approved a proposal to reduce the cap to 7 billion tokens.

The token is designed to be the central mechanism through which the Jupiter community governs the platform. JUP also supports staking incentives and may be used for access to additional platform features, including the Jupiter launchpad (LFG). While it does not directly serve as a liquidity provisioning token, it plays a key role in protocol governance and incentive alignment.

The distribution of the token supply is split evenly: - 50% allocated to the community, largely through airdrops and incentive programmes - 50% retained by the team, including: - 20% for team members (with a two-year vesting schedule) - 20% for strategic reserves - 10% for liquidity provision Additionally, 2 billion tokens are reserved for future team members, investors and stakeholders, with a minimum lock-up of one year.

The JUP token serves multiple roles within the Jupiter ecosystem:

• Governance

JUP is primarily a governance token. Holders can propose and vote on changes to the protocol, including:

• Allocation of liquidity incentives
• Future JUP issuance schedules
• Strategic ecosystem initiatives
• Listing dispute resolutions
• Grant approvals for developers
• Project selection on the Jupiter launchpad (LFG)

Governance is facilitated through the Jupiter DAO, which is designed to give the community significant influence over the protocol’s direction.

• Staking and Incentives: Users can stake JUP tokens as part of the Active Staking Rewards (ASR) programme. This scheme distributes JUP and potentially other tokens to stakers who participate in governance. Rewards are typically allocated quarterly, with the amount dependent on the quantity of JUP staked and the user's governance activity.

The unstaking process generally includes a 30-day delay. Some centralised exchanges such as Binance and Gate.io offer JUP staking products, although decentralised staking is more aligned with governance participation.

JUP staking should not be confused with JupSOL, a separate liquid staking token that represents staked SOL on Jupiter.

• Airdrops and Community Allocation:

JUP is distributed through airdrops known as “Jupuary” events. The initial airdrop in January 2024 distributed 1 billion tokens to early users. A second airdrop occurred in January 2025, distributing 700 million tokens across around 2 million eligible wallets. Further airdrops are scheduled for 2025 and 2026, targeting active users, stakers and contributors.

This airdrop strategy is intended to decentralise ownership, promote user engagement and build long-term network effects.

• Access and Utility:

While governance is the token’s primary function, JUP may also be used to: - Reduce trading fees on the Jupiter platform - Gain priority access to launchpad projects - Participate in experimental features or beta products

Future use cases may include expanded functionality within Jupiter’s perpetuals exchange or broader DeFi integrations.

Jupiter was founded in October 2021 by an individual using the pseudonym Meow. Meow remains the public-facing lead and continues to contribute to both the strategic and technical direction of the protocol. Other co-founders and contributors include:

• Seong Sang – Co-founder and Chief Technology Officer (CTO)
• Mal – Co-founder
• Fabiano Solana
• Rolex Gold
• Ben Chow
• Mei (@9yointern), involved in airdrop design
• Kash Dhanda, also involved in governance and incentive design

The team includes both pseudonymous and publicly known contributors, a common practice in crypto projects, particularly those that prioritise decentralised governance. Notably, Meow has voluntarily committed to locking 280 million personal JUP tokens until 2030, aligning long-term incentives with the platform’s sustainability.

Jupiter has emphasised its commitment to decentralised ownership, transparency in token distribution, and active community involvement since its inception.