The Jupiter coin project became popular in the crypto world after the news of its listing on the Binance exchange. In this article, what is #jupiter ($JUP Coin, how to buy it, where to buy it, purchasing guide, airdrop, its history, what it is used for, its purpose, its benefits, here are all the details.
What is Jupiter (JUP) Coin?
Jupiter is a successful project in providing the necessary liquidity infrastructure for the Solana ecosystem. Moreover, Jupiter is actively expanding its DeFi product offerings, which include a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
Jupiter (JUP) Coin Buying Guide
To purchase JUP, follow the purchasing guide below;
Sign Up for Binance Using Code YW1EF2U8.
Complete KYC verification.
Transfer fiat or crypto to your account in 5 easy steps.
Start your investment in JUP/USDT, JUP/FDUSD and JUP/TRY trading pairs.
Jupiter (JUP) Token Circulation, Total, Maximum Supply, Tokenomics
Project: Jupiter
Token code: $JUP
JUP total supply: 10 billion
JUP first round airdrop: 1.35 billion
Blockchain: #Solana
Sector: Decentralized Finance (DeFi)
Business model: Liquidity aggregator for token swaps, perpetual futures and decentralized stablecoin
How to Buy Jupiter (JUP) Coin?
Jupiter Coin will be listed on Binance, the most reliable exchange among all exchanges. Using Code YW1EF2U8, sign up for Binance and start trading.
What is JUP Token?
JUP is a governance coin that allows community members to approve, approve and vote on all aspects of the Jupiter platform.
Jupiter (JUP) Background, History
The Jupiter team is mysterious. They don't share much information about their background, investors, or development history. But even though they don't provide many personal details, they have extensive documentation for their projects. His whitepapers and blogs share his years of work on the project. Ultimately, the most important thing you need to know about Jupiter's history is that its development team consists of passionate Solana fans with extensive backgrounds in working with crypto exchanges.
What is Jupiter (JUP) used for, its purpose and benefits
Jupiter is one of the largest DeFi protocols on Solana in terms of transaction volume in November 2023 alone.
Initially, Jupiter started as a liquidity aggregator for token swaps, similar to 1inch on Ethereum. However, recently GMX-style perpetual futures were also added to the platform. In the future, Jupiter also plans to launch a decentralized stablecoin.
Jupiter argues that currencies such as USDC and USDT carry multiple levels of custody and regulatory risk that should be avoided. This motivated his team to introduce SUSD, a fully decentralized stablecoin backed by Solana liquid staking tokens (LSTs) as an alternative to USDC and USDT. SUSD offers a greater degree of centralization as well as interest-free loans: SOL used as collateral to mint SUSD earns a return, which covers the cost of the mint; This results in a permanently interest-free loan with SOL risk.
Jupiter (JUP) Airdrop
Jupiter also recently issued a token called JUP to assist with governance. To celebrate the token launch, Jupiter will hold a community airdrop on January 31, 2024 to give away money to Jupiter users who participate in the community in some way. All users with accounts on Jupiter will receive 200 free tokens during the token launch. People who hold at least $10 worth of tokens on the platform or made at least 10 transactions on the platform before March 2022 will also receive an additional 500 tokens in the JUP airdrop.
It's as easy as going to the Jupiter airdrop portal. Once you log in, the community airdrop will determine how many free tokens you are eligible to receive. Some users received over 100,000 JUP tokens for their entire participation in the community.
