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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Jupiter's Airdrop: Comprehensive Guide to Token Distribution

Jupiter is set to launch an airdrop claim for its JUP tokens on January 31 at 10 a.m. ET via its launchpad. With around 955,000 wallets eligible for the airdrop, the distribution of tokens will be based on a predetermined structure, as outlined by Jupiter. Here's a breakdown of what to expect:

Eligibility and Distribution

  • About 955,000 wallets are eligible for the JUP airdrop, including early users who engaged with the protocol before a November 2 snapshot.
  • A tool has been launched by Jupiter to check eligibility and determine token allocation.
  • Initially, 20% of the airdrop tokens will be evenly distributed among all wallets, while 70% will be distributed based on a score-dependent protocol use. The remaining 10% will be allocated to community members and developers.

Future Airdrops

  • Additional airdrops are planned for new users, although specific timelines and details remain undisclosed.
  • A total of 10 billion JUP tokens will be minted, with half designated for community distribution through multiple airdrops and other initiatives.

Token Allocation

  • 4 billion JUP tokens will be distributed across four airdrop waves, with 1 billion JUP reserved for the initial token claim on Wednesday.
  • Another 1 billion JUP will be allocated for community contributors and grants, with timing yet to be determined.

Team Allocation

  • Half of the overall JUP supply will cater to team and token requirements, including a liquidity pool.
  • The Jupiter team will not receive any tokens until January 2025, when a two-year vesting cycle commences.
  • On the first day, 1.35 billion JUP will be in circulation, with 1 billion for the airdrop claim and 250 million for other purposes.

This structured approach by Jupiter aims to engage users and developers while fostering community involvement through a transparent allocation process.

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