Jupiter (JUP) Coin: Overview and Features

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. What is Jupiter?
  2. JUP Coin Overview
  3. How to Buy JUP Coin


    4. 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Coinbase Refocuses Base App Strategy After Initial Setbacks

chest

Coinbase shifts its strategy for the Base App, moving away from social features to focus on trading and AI tools.

user avatarJacob Williams

Coinbase Launches Leveraged Crypto Derivatives on Base App

chest

Coinbase launches leveraged crypto derivatives on the Base App, allowing users to trade perpetual futures with up to 50x leverage.

user avatarZainab Kamara

Palantir Technologies Reports Stellar Earnings and Revenue Growth

chest

Palantir Technologies has reported a 93% year-over-year revenue surge and a 225% increase in earnings, positioning itself as a leading AI solution.

user avatarSon Min-ho

US Tech Stocks Experience Significant Gains Driven by AI Boom

chest

The US tech stock market has seen substantial gains over the last year, driven by advancements in AI technology.

user avatarAyman Ben Youssef

Traders Predict Early Release of OpenAI's GPT-6 Model

chest

Prediction market traders are optimistic about the early release of OpenAI's GPT-6 model, estimating a 59% chance of launch by September 15.

user avatarTando Nkube

Visa Seeks New Crypto Stablecoin Partner for Global Settlements

chest

Visa is seeking a new crypto stablecoin partner to enhance its global settlement capabilities after the acquisition of its previous partner, BVNK, by Mastercard.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.