Jupiter Co-founder: It is estimated that 15%-17.5% of tokens will enter the market circulation during the JUP genesis period

ChainCatcher news, Jupiter co-founder Meow disclosed information about the JUP token on the X platform, stating that the current tentative plan is as follows:

1. Mint 10 billion JUP;
2. Split the 10 billion JUP evenly into two cold wallets in a 50:50 ratio (belonging to the team and the community, respectively);
3. Withdraw 10% from the team wallet for liquidity provision;
4. Withdraw 15% from the community wallet for the initial airdrop and early community activity needs.

Meow further stated that the team wallet is expected to initially use 5% of its share to build initial liquidity, while the use of the remaining share has not yet been determined, but it may increase liquidity usage by 1-2% on the first day. He anticipates that 15%-17.5% of the tokens will enter circulation on the genesis day of JUP, with 10%-7.5% of the tokens stored in hot wallets and 75% of the tokens stored in cold wallets.