Jupiter is a DEX aggregation platform that aids consumers trade tokens with very low slippage and very low transaction costs on the Solana ecosystem. The undertaking representative announced data about the airdrop of JUP token to virtually one million consumer wallets on November sixteen, 2023 through the Solana Breakpoint occasion. Let’s understand about Jupiter with Coinlive as a result of the report under!
What is Jupiter (JUP)? DEX Aggregator platform on Solana launches virtually one million consumer wallets
What is Jupiter?
Jupiter is a DEX Aggregator (liquidity aggregator) platform developed on the Solana ecosystem that supports consumers in trading tokens with very low slippage and affordable transaction costs. Jupiter’s target is to deliver solutions with diverse functions this kind of as Swap, Limit Order, Perpetual,… in a single interface that consumers can use very easily.
What is Jupiter?
Furthermore, Jupiter also aims to build resources for developers so they can very easily connect DApps, consumer interfaces or net browsers to the platform. Currently, notable tasks on Solana that have been linked to Jupiter contain Orca, Raydium, Serum,…
Characteristics of Jupiter
This is a function that lets consumers to trade supported SPL tokens with very low cost slippage and very low costs.
Swap the function interface to Jupiter
This is a function that lets consumers to spot orders to acquire or promote tokens at a precise cost. This can assist traders stay away from slippage and get the greatest cost when getting or marketing tokens.
Limited Order interface on Jupiter
Additionally, consumers can set the time with their restrict orders. If the acquire or promote cost of the user’s token does not match by that time, the purchase will be immediately cancelled.
This is a function that lets consumers to obtain a fixed quantity of tokens at a cost variety inside of a time period of time predetermined by themselves. Times can be minutes, hrs, days, weeks or months.
Jupiter DCA functions interface
This is a function that lets consumers to attach tokens from EVM blockchains like Ethereum, BNB Chain, Arbitrum,… or non-EVM blockchains like Tron to Solana. Jupiter will discover the greatest path to make sure fantastic slippage and very low transaction costs for consumers.
Jupiter’s Bridge perform interface
This is a function that lets consumers to trade Jupiter-backed token futures with a highest leverage of x100. Currently, the function is in beta testing and will be launched by Jupiter in the close to potential.
Interface of the Jupiter Perpetua perform
Jupiter has the following highlights:
Provide the greatest token exchange costs and transaction costs for consumers.
Automatically update the newest tokens and liquidity pools from DEXs and DApps integrated with Jupiter.
Vietnamese language help is accessible for Vietnamese consumers.
Basic data about tokens
Uses of tokens
JUP token allocation fee
JUP token allocation fee
JUP Token Allocation Program
At the Solana Breakpoint occasion in November 2023, Jupiter representatives announced an airdrop of four billion tokens to the neighborhood, equal to forty% of the complete provide. The undertaking will be divided into four airdrops with the to start with phase distributing one billion tokens to consumers with a trading volume over one thousand USD on Jupiter.
The to start with airdrop is anticipated to start off on November 17, 2023, and Jupiter also announced that there are 955,000 consumers eligible to get the airdrop primarily based on the November two, 2023 snapshot.
Currently, the quantity of tokens for the token sale, the undertaking improvement crew and partners have not been informed about the token allocation time. Coinlive will update as quickly as there is the newest data on the undertaking.
What is the JUP token for?
Currently, the JUP token is only an in-flight reward for consumers. In the potential, consumers holding JUP tokens will be in a position to participate in voting on the governance of the undertaking.
Where can traders trade JUP tokens?
Currently, the JUP token is not listed on any CEX or DEX. Coinlive will update as quickly as there is the newest data on the undertaking.
In which wallets can traders shop JUP tokens?
JUP is an SPL normal token, so traders can hold it on wallets this kind of as Ghost wallet, Coin98 wallet, Backpack,… when this token is launched.
Roadmap for improvement
Currently, Jupiter has not announced data on a precise potential improvement roadmap. Coinlive will update as quickly as there is the newest data on the undertaking.
Currently, Jupiter has no data about the improvement crew members of their improvement roadmap. Coinlive will update as quickly as there is the newest data on the undertaking.
Jupiter has not announced data about its traders in its capital raising rounds. Coinlive will update as quickly as there is the newest data on the undertaking.
Jupiter is collaborating with several tasks in several diverse places this kind of as:
DeFi: Orca, Raydium, Marinade Finance, marginfi,…
Wallets: Ghost, Solflare, Backpack,…
Bridge: Wormhole, Allbridge, AtlasDEX,…
Games: Star Atlas, Genopets, DeFi Land,…
NFTs: Hyperspace, Headswap, Solsea,…
Payment: Helio, CandyPay, Elusiv,…
Jupiter is a DEX Aggregator (liquidity aggregator) platform developed on the Solana ecosystem that supports consumers in trading tokens with very low cost slippage and cost-effective transaction costs. Jupiter also caters to developers so they can very easily integrate DApps, consumer interfaces or net browsers from the undertaking resources.
Through this report, you will likely have some standard data about Jupiter to make your investment selections.
Note: Coinlive is not accountable for any of your investment selections. I want you accomplishment and earn a good deal from this possible industry!