Jupiter (JUP) is one of the largest DeFi protocols built on the Solana Blockchain, having recorded a trading volume of 3.7 billion dollars in November 2023. In this article, you will find answers to questions like what is Jupiter, the native asset of the network (JUP coin), and how to purchase JUP coin, which will be listed on Binance.
What is Jupiter?
Initially, Jupiter was launched as a liquidity aggregator for token swaps similar to 1inch on Ethereum. Shortly after, GMX-style perpetual futures trading was added to the platform. Moreover, Jupiter has evolved beyond a liquidity aggregator to introduce a decentralized stablecoin. Currently, Jupiter is a DeFi protocol on Solana offering a range of features, including decentralized exchange (DEX) aggregation, limit orders, DCA (Dollar-Cost Averaging), bridge comparison, and futures trading.
JUP Coin Overview
JUP coin is a governance token that allows community members to approve, enforce, and vote on all aspects of the Jupiter platform. JUP coin serves multiple purposes, including transaction approval, enforcement, and voting. As of January 31, 2024, the total supply of JUP coin is capped at 10 billion, with an initial circulating supply of 1.35 billion coins.
How to Buy JUP Coin
JUP coin can be bought and sold securely on Binance, the world’s largest cryptocurrency exchange by trading volume. JUP coin will be listed on Binance on January 31, 2024, and will be available for trading in the JUP/USDT, JUP/FDUSD, and JUP/TRY pairs. To purchase JUP coin, you must first register with Binance if you haven’t already. Once the registration process is complete, you can transfer cryptocurrency or fiat currency like Turkish lira to your Binance wallet. After the transfer is completed, you can buy JUP coin in any of the five trading pairs mentioned above.
Jupiter (JUP) offers numerous features and opportunities within DeFi protocols, making it an important part of the Solana ecosystem. With buying and selling JUP coin through Binance, users will have access to high levels of decentralization and security.
Comments