Jupiter, a Solana-based decentralized exchange (DEX), announced the launch of a unique airdrop called $WEN – based on a fractionalized non-fungible token (NFT) of a poem. The airdrop will commence on January 26 at 10 am EST.
The poem “A Love Letter to Wen Bros,” written by Meow (the founder of Jupiter), has been split into a trillion pieces using technology from Ovols. These pieces, called $WEN tokens, will trade like regular Solana tokens, each representing proportional ownership in the poem. This first-of-its-kind initiative aims to push the boundaries of memecoins.
How to Qualify for $WEN Token Airdrop by Jupiter
Ensuring a fair distribution, Jupiter will distribute 70% of the $WEN tokens equally to over a million active Solana wallets, including Jupiter users from the past six months, top NFT collection holders, Ovols holders, and Genesis Saga holders.
According to the official WEN allocation website, users must have traded at least $5 on Jupiter over the past six months before January 19, 2024, to be eligible.
Immortalizing WEN Culture
I’m delighted today to introduce WEN, which I shall unveil over 5 parts:
1. The Poem
2. The NFT
3. The NFT Standard
4. The First Culture Token In Crypto
5. The First LFG Launchpad ProjectIt’s a doozy, so let us walk through it how it all unfolded… https://t.co/bOgLABL3Mq
— meow (@weremeow) January 25, 2024
“This means it will be extremely distributed from day one, with a tight guarantee that no one person can have a large supply unless he whales it out or manages to super heavily bot it out a very large initial supply (unlikely due to mechanisms, but we will see),” Meow tweeted.
Furthermore, 20% of the remainder will be allocated to the newly launched Decentralized Liquidity Mining Market (DLMM) pool, while the remaining 10% will go to the $WEN treasury.
According to Meow, the treasury’s share will be used for various purposes like liquidity provision, promoting the $WEN culture, and developing the WNS ecosystem. “1% from the treasury will, in turn, be provided to LFG Launchpad, 0.75% will go to the future Jupiter DAO, and 0.25% to the team,” he added.
Jupiter will be testing out its newly launched LFG launchpad as part of the distribution process. The launchpad is currently in its beta phase.
Solana Airdrop Season
Meanwhile, the latest development comes ahead of Jupiter’s upcoming airdrop of its own JUP tokens. Last November, the DEX announced it would be airdropping up to one billion units of JUP to nearly one million eligible wallets. JUP is Jupiter’s governance token with an initial supply of 10 billion units and is set to go live on January 31.
