TechFlow news: Jupiter co-founder meow disclosed information regarding the JUP token on X.
Meow stated that the current tentative plan is as follows:
1. Initially mint 10 billion JUP tokens;
2. Split the 10 billion JUP tokens equally in a 50:50 ratio between two cold wallets (designated for the team and the community respectively);
3. Withdraw 10% from the team wallet to provide liquidity;
4. Withdraw 15% from the community wallet for initial airdrops and early community activities.
Meow added that the team wallet is expected to initially allocate 5% of its portion to build initial liquidity, while the use of the remaining portion has not yet been determined—however, an additional 1-2% might be allocated toward liquidity on day one. It is estimated that on JUP's genesis day, 15%-17.5% of the total supply will enter circulation, 10%-7.5% will be held in hot wallets, and 75% will remain stored in cold wallets.
