Solana-based exchange Jupiter will launch JUP tokens, with 40% airdropped to the community

Jupiter Exchange, a Solana-based decentralized exchange, announced the launch of JUP token. According to the team's announcement, 40% of the upcoming JUP tokens will be airdropped to the Jupiter Exchange community, with approximately 955,000 eligible users. 20% of the tokens will be distributed through token sales, and the remaining 40% will be allocated to insiders and "strategic reserves". Jupiter's anonymous co-founder Meow stated that Jupiter will consult with the community over the next two weeks before finalizing the release schedule, and added that JUP will serve as a governance token.