Binance, one of the world’s leading cryptocurrency exchanges, has announced that it will list Jupiter (JUP), a DeFi protocol on Solana, with a Seed Tag applied. The listing will take place on January 31, 2024, at 15:30 UTC, and will offer three spot trading pairs: JUP/USDT, JUP/FDUSD, and JUP/TRY

Jupiter is a platform that offers a suite of features for crypto traders, including DEX aggregation, limit orders, dollar-cost averaging, bridge comparator, perpetuals trading, and more... It also plans to launch a decentralized stablecoin, SUSD, that will be backed by liquid staking tokens of Solana (LSTs), and will provide interest-free loans with exposure to $SOL

The Seed Tag is a special label that Binance assigns to innovative projects that may exhibit higher volatility and risks compared to other listed tokens. To trade tokens with the Seed Tag, users will need to pass quizzes every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use. The Seed Tag is meant to ensure that users are aware of the risks before trading these tokens.

Binance will also add JUP as a new borrowable asset on its Isolated Margin platform, with a JUP/USDT pair, within 48 hours from the listing time. This will allow users to leverage their JUP holdings and trade with margin.

The listing of JUP on Binance is expected to boost its liquidity and exposure, as Binance is known for its large user base and high trading volumes. JUP is currently trading at $1.03, up 21.51% in the last 24 hours, according to CoinMarketCap.

To celebrate the listing, Jupiter will also launch an airdrop of JUP tokens on its launchpad, which will start at 16:00 UTC on January 31, 2024. The airdrop will be open to all users who hold at least 100 SOL in their wallets, and will distribute 10% of the total JUP supply.

Jupiter is one of the most promising DeFi projects on Solana, a fast and scalable blockchain that supports low-cost and high-performance transactions. Solana has attracted many developers and investors in the crypto space, and has become one of the top 10 cryptocurrencies by market capitalization.

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