Jupiter (JUP) – is a decentralized exchange (DEX) that provides over 80% of retail liquidity on the Solana blockchain. Jupiter aims to replace centralized exchanges (CEX) by offering high-quality products with low fees and high speed, thanks to the scalable infrastructure of Solana.
History and Goals of Jupiter
The Jupiter team is known for its secrecy. They rarely share information about their experience, investor knowledge, or development history. Nevertheless, despite the limited personal data, the team provides extensive documentation on their project. In their technical documents and blogs, you can find detailed information about years of work on the project. It is important to note that the development team consists of passionate Solana enthusiasts with extensive experience in cryptocurrency exchanges.
Jupiter Exchange is part of the new wave of decentralized finance (DeFi). Unlike many other projects, the Jupiter team does not strive to create a large ecosystem with numerous services. Their goal is to focus on one task and do it exceptionally well. The ultimate goal of the team is to become an exchange aggregator that allows users to conduct decentralized crypto transactions.
Jupiter also aims to demonstrate the advantages of the Solana blockchain. The developers chose this network to support the token ecosystem, which not only promotes Solana but also turns many community members into loyal Jupiter users.
How Jupiter (JUP) Works
Jupiter provides users with a simple and accessible way to enter the world of cryptocurrency trading. Its goal is to ensure an intuitive and convenient experience, making decentralized finance (DeFi) accessible to both experienced traders and beginners. Let's look at the main products of the platform and their advantages:
Jupiter Swap
Jupiter Swap – is the core part of the platform, representing a decentralized exchange (DEX) and an automated market maker (AMM). It ensures a secure and seamless token exchange on the Solana blockchain. Regardless of your trading experience, Jupiter Swap offers the ability to exchange a variety of tokens with minimal slippage.
| Advantage | Description |
|---|---|
| Solana Network Liquidity | Jupiter Swap uses the liquidity of various DEX and AMM in the Solana ecosystem, providing a wide choice of token pairs. |
| User-Friendly Interface | The platform has an intuitive interface that simplifies the trading process, allowing users to easily perform swaps. |
| Minimizing Slippage | Thanks to aggregated liquidity, Jupiter Swap reduces the risk of slippage, ensuring users receive the expected amount when exchanging tokens. |
Jupiter Limit Order
For those who prefer a more controlled approach to trading, Jupiter offers limit orders. This feature allows users to place orders on Solana, ensuring the execution of transactions at specified prices. This is particularly useful in volatile markets.
Advantages:
- Experience similar to centralized exchanges (CEX): Users can create limit orders just as easily as on centralized exchanges.
- No slippage: Unlike market orders, limit orders guarantee execution at the quoted price, which is especially valuable in volatile markets.
Jupiter DCA
Dollar-cost averaging (DCA) – is a powerful strategy where you regularly invest a fixed amount of money over time, reducing the impact of market volatility and potentially lowering the average cost of your investments. Jupiter makes this strategy accessible to everyone through the DCA feature. This tool automates the purchase or sale of SPL tokens on a regular basis over a specified period, allowing users to easily accumulate or dispose of their crypto assets.
Advantages:
- Automated Trading: Jupiter DCA automates order execution, eliminating the need to do it manually.
- Balance Tracking: Users can track their current DCA orders, monitor progress, and view balance summaries.
- Protection against MEV frontrunning: Order processing takes from 2 to 30 seconds, reducing the risk of attacks and ensuring the safety of users' assets.
Other Features
Jupiter's swap services also support token bridging. This allows users to exchange tokens between different blockchains and easily move assets from one network to another. This feature is particularly useful for developers working with the Jupiter platform.
JUP Launches on Bitget
JUP – is the native token of the Jupiter platform, used for governance, transaction fees within the ecosystem, and liquidity mining. Half of the total JUP supply is managed by the team, while the remaining 50% is distributed among the community. By utilizing various features of the Jupiter platform, traders and investors actively interact with the JUP token, contributing to its widespread adoption and increasing its value.
JUP is not a passive investment but plays an active role in community governance and growth. For those planning to trade JUP, Bitget is an excellent strategic choice. Bitget is a leading global exchange with high liquidity, security, a user-friendly interface, and a qualified support team. The listing of JUP on Bitget was announced on January 31, 2024.
How to Trade JUP on Bitget
- Go to the JUP/USDT spot trading page.
- Enter the amount and order type, then click "Buy/Sell".
The cryptocurrency space is often perceived as complex and confusing, but Jupiter strives to make it simple and understandable. With its user-friendly interface, essential features, and reliable native token created by the community, Jupiter provides users with the opportunity to unlock the potential of decentralized finance on the Solana blockchain.
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