Original author: Miles Deutscher, crypto KOL
Original compilation: Felix, PANews
Transaction aggregator Jupiter is currently the largest protocol built on Solana. Jupiter co-founder Meows strategy is to use airdrops to bigger the pie and introduce new participants to its ecosystem. The JUP airdrop is the largest airdrop event in 2024 so far. More than US$750 million was airdropped this time, and some users made profits exceeding US$10,000. But currently JUP has only conducted one round of airdrops, and there will be three rounds of airdrops in the future.
Most users underestimate the scale of future JUP airdrops because only 10% was allocated in the first round. The remaining 3 rounds will distribute the remainder (4 billion tokens).
Additionally, Jupiter is not selling tokens to any VCs or early investors, which shows that Jupiter is very focused on the community. This is why the potential of late three-round airdrops cannot be underestimated.
So how to obtain air investment qualifications for the next 3 rounds? Judging from the initial snapshot, Jupiter favors real users using native platform features, so expect the same for future airdrops.
Step one: Swap on the platform.
· Connect the wallet by clicking the Connect Wallet button in the upper right corner of the website.
· Jupiter supports most wallets on Solana, such as Phantom and some other multi-chain wallets.
Next, select the token pair and the number of tokens you want to trade. Jupiter will find the cheapest transaction path for you in Solana.
There are two ways to do this.
· When you choose Solana, choose Jupiter. This way you wont need to pay any extra fees.
· Additional transactions. This will incur some additional costs, but relative to other chains, Solana is cheaper.
Step 2: Place a limit order
· Start by selecting a token and specify the amount you want to sell.
· Then, specify the “rate/price” of the token.
· Or select the market price and click Use Market.
Step 3: Use DCA (fixed investment)
· Click on the DCA option
· Enter the token you want to buy/sell
· Enter the time period for buying/selling
Step 4: Use the bridging function
· Click Bridge
· Select the token you want to bridge
· Select transfer-out chain and transfer-in chain
Step 5: Use perpetual contracts (be careful when using leverage)
· Select “Go Long or Short”
· Choose SOL, ETH or BTC
· Select leverage ratio
In the future, Jupiter may introduce new features and initiatives. Therefore, these interactive activities are important to ensure you are eligible to participate in the next round of airdrops. Jupiters Launchpad is one example, but more releases are expected this year.
