Jupiter Community Prepares to Actively Participate as 50 Million JUP and 7.5 Million CLOUD Are Distributed
DEX aggregator Jupiter announced its upcoming active staking rewards campaign, raising expectations around community voting and token distribution. Users have until December 31 to take advantage of this claiming window, which includes pre-community votes.
JUP token attempts to break a fixed resistance at $0.9414, currently trading at $0.9778 / TradingView
Jupiter, a prominent DEX aggregator on the Solana network, is launching a new active staking rewards (ASR) campaign to strengthen its community engagement. According to recent announcements, the platform designated 50 million JUP tokens and 7.5 million CLOUD tokens for this round of voting and rewards, which seeks to go beyond traditional airdrops.
A Call to Action
Jupiter's goal is clear: to encourage active participation within its ecosystem, beyond just token holding. Currently, users can claim their CLOUD rewards or other tokens from LFT platform projects. At the same time, the reward mechanism will remain locked as part of the user's staked balance, and will be released with a standard 15-day cooldown period.
The community must decide between receiving high rewards or facing the possibility of a scarcer JUP token through more staking and lockups. This strategy also allows Jupiter to maintain a controlled supply of its tokens, while trying to improve its influence in the Solana ecosystem.
JUP Current Price and Performance
On the market, the JUP token is attempting to break a fixed resistance at $0.9414, currently trading at $0.9778. Since the beginning of July, it has held solid support at $0.6810, while the 25-day exponential moving average has broken above the 50-day exponential moving average, producing a bullish signal. However, experts point out that JUP needs to consolidate above the mentioned resistance to confirm new price peaks.
Solid annual performance
Despite market volatility, JUP shows one of the best performances in terms of profitability over the past year, achieving an astonishing 3,152.67% gains. As the platform seeks to balance team and community participation in token holding, the influx of demand for the token continues to increase.
A bright future for Jupiter
Jupiter is in a prime position to capitalize on its active user base, offering strategic rewards that not only benefit short-term investors, but also foster a loyal community in the long term. With the claims window closing on December 31, the community has a unique opportunity to define itself.
Disclaimer: The information presented in this article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries risks and readers should conduct their own research.