We will examine $JUP, the token of Jupiter, the leading decentralized platform of the Solana network.
As I mentioned, Jupiter is a decentralized exchange operating on the Solana network. Both the platform's interface and its popularity have spread widely among network users, with Jupiter accounting for more than 60% of the transaction volume of the Solana network.
In addition to trading volume, the number of trades is quite high compared to other DEXs in the Solana network. With the increase in users, liquidity on the platform has also increased significantly. In this context, we can say that Jupiter is the number 1 of DEXs in the Solana network lately.
According to CoinGecko data, it is the decentralized exchange with the highest volume.
Let's talk about the platform token $JUP.
$JUP was claimed by users eligible for airdrop on January 31 and was listed on exchanges such as Binance and Bybit.
The team plans to organize a Jupuary 31 event every year and distribute $JUP to those who use the platform.
⭐ $JUP Tokenomics
Total supply: 10B
Initial distribution offerings;
Initial supply: 1.35B
Airdrop: 1B
Launch pool: 250M
CEX market makers: 50M
Urgent need: 50M
Emergency reserve: 33M
The total supply is divided 50%-50% into community and team.
Although 50% of the supply seems to be reserved for the team, the team will own 20% starting in February 2025.
The other 30% is allocated to programs such as liquidity, pool and launchpad. According to the cold-multisig notification, an announcement to the community must be made at least 6 months before any transactions in these wallets.
This was my review article about $JUP. Thanks for reading!😊
