What does Jupiter do?
Jupiter is one of the biggest DeFi protocols on Solana processing $3.7 billion in transaction volume in November 2023 alone. To put this into perspective: Uniswap and 1inch registered $17 billion and $12.2 billion respectively in the same period. Initially, Jupiter started as a liquidity aggregator for token swaps, similar to 1inch on Ethereum. However, just recently, the platform also added GMX-style perpetual futures. In the future, Jupiter also plans on releasing a decentralized stablecoin SUSD.
What is the JUP token?
JUP is a governance token which allows community members to approve, sanction, and vote on all aspects of the Jupiter platform.
Approve: Date of liquidity and emission plans
Sanction: Token mints after genesis mint
Vote: Projects for ecosystem initiatives
Total Supply: 10 billion JUP tokens.
Community Allocation: 50% of the total supply is set aside for community distribution through airdrops and other initiatives.
Team and Operational Needs: The remaining 50% is allocated for team and operational needs, with team allocation subject to a vesting period starting in January 2025.
In-Depth Overview of $JUP Tokenomics:
- Total Tokens Minted:
- Total Maximum Supply: 10 Billion $JUP tokens.
- Initial Circulating Supply:
- Adjusted Supply: 1.35 billion $JUP, reduced from the initial 1.7 billion plan.
- Initial Distribution Details:
- Airdrop: 1 billion $JUP.
- Launchpool: 250 million $JUP, initially proposed as 500 million.
- CEX Market Maker Loans: 50 million $JUP.
- Liquidity Needs: 50 million $JUP.
- Contingency Reserve: 33 million $JUP.
- Team's Commitment to Jupiter:
- Vesting Commencement: Post-second Jupuary, starting February 2025.
- Allocated to Team: 20% over a 2-year period.
JUP Price Prediction
Coin Codex Price Prediction
Year Yearly Low Yearly High
2025 $ 0.013634 $ 0.021684
2026 $ 0.013363 $ 0.015390
2027 $ 0.013429 $ 0.014281
2028 $ 0.011993 $ 0.014161
2029 $ 0.006452 $ 0.109044
2030 $ 0.002936 $ 0.028787
Coindataflow Price Prediction
Year. Min. Price Max. Price
2024 $0.003337 $0.008836
2025 $0.007925 $0.033587
2026 $0.004847 $0.021903
2027 $0.0055086 $0.008952
2028 $0.005715 $0.017424
2029 $0.015072 $0.057523
2030 $0.0083016 $0.028549
2031 $0.0095084 $0.015331
2032 $0.010614 $0.032115
2033 $0.0292026 $0.098517
Pleas Note This is Not a Financial Advice Always do your own research before any investment.
