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

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Brent Crude Surpasses $100 Amid Geopolitical Tensions

chest

Brent crude oil prices rose above $100 for the first time in six weeks due to geopolitical tensions, including attacks on Saudi oil facilities and US military responses.

user avatarLeo van der Veen

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.