Jupiter recently introduced a governance token called JUP to facilitate governance within the platform. The JUP token will debut on Bitrue platform starting from 31st January 2024 at 15:00 UTC. The token will be available in the spot market and perpetual contracts. The listing of the JUP token is expected to bring significant opportunities in the DeFi ecosystem.
Since its launch, Jupiter has become a key player in the DeFi space, handling a significant portion of Solana's DEX volume. The listing of JUP on Bitrue is expected to attract significant attention from both Solana enthusiasts and new investors seeking diversified crypto portfolios. Find out more about the JUP token from the explanation below.
Where to Buy JUP Token?
Bitrue is now offering JUP/USDT spot trading pair. To start trading, you have to create Bitrue account first and deposit balance. Bitrue provides two methods to deposit your money: credit/debit card and cryptocurrency. After that, you can navigate to the JUP/USDT spot trading page.
Deposit opening time: Opened
JUP/USDT trading opening time: 31st January 2024 at 15:00 UTC
Withdrawal opening time: 1st February 2024 at 15:00 UTC
JUP token airdrop: 31st January 2024
New Users Benefit:
Bitrue is now hosting a special deal where you have the chance to win a grand prize of 1,000 USDT after finishing the required tasks. For additional information, please click here to join.
Airdrop JUP Token
Jupiter will be hosting a community airdrop on January 31, 2024. All Jupiter account holders will receive 200 free tokens during the token launch. Users who had at least $10 worth of coins on the platform or completed at least 10 transactions before March 2022 will receive an additional 500 tokens in the JUP airdrop. Some users have received significant amounts, up to 100,000 JUP tokens, based on their community participation.
What is JUP Token ($JUP)?
JUP is a governance token that allows community members to decide, approve, and vote on everything related to the Jupiter platform. If you're new to crypto, Jupiter is basically one of the biggest DeFi protocols on Solana. The current market capitalization of the JUP token is $5.74 million. Data from Coinmarketcap shows the price of JUP token is around $0.005732 with a trading volume of $329 thousand in the last 24 hours.
Developer JUP Token
People behind Jupiter team seems so mysterious. There is just limited information about their developer backgrounds, investors, and development history. While the team's background remains undisclosed, their dedication to the Solana ecosystem and their project is evident through their green paper, website, and documentation of work history.
Future of Jupiter Token
Jupiter roadmap will be focused on enhancing support for ERC-20 coins and improving platform security. Future roadmap will be shaped by input from both Jupiter and Solana communities. JUP token holders can vote on new proposals, potentially leading to the listing of more popular cryptocurrencies on the exchange. Future plans involve increased support for developers on Jupiter and another upcoming airdrop to foster community engagement.
JUP Token Tokenomics
A recent recent announcement stated that tokens will now be equally split between the community and the team. The token distribution plan allocated 40% each for community growth and the Jupiter team, with 20% reserved for a locked token sale.
The distribution of the JUP governance token is in progress and many tokens are currently locked. Jupiter will have a total supply of 3 billion coins, with approximately 1 billion coins expected to be in circulation after the new wave of airdrops.
Is JUP a Good Investment?
The JUP token has successfully attracted many loyal fans. However, some of them are questioning whether the JUP token is a profitable investment. To answer the prospect of JUP token listing prediction, we need to look at both sides.
JUP is a newly released token and potentially has significant price volatility. But on the other hand, when considering the project's background, developers, and utility, JUP may be a promising token to invest. JUP is a utility token based on the Jupiter DEX platform on Solana. Jupiter's handling of 65% of Solana DEX volume.
This platform has a trading volume of up to $480 million in the last 24 hours, surpassing the combined trading volume of Uniswap V2 and V3 protocols. We believe JUP will provide our users with new opportunities in the dynamic world of DeFi.
Learn All About Jupiter(JUP): https://www.bitrue.com/land/jupiter