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New Altcoin Listed on OKX, a Unique Launching Approach

Apr 4, 2024

The Zeus Network (ZEUS) token will now be available on cryptocurrency exchange OKX along with the ZEUS/USDT trading pair. This listing is significant as it is the first project launched by Jupiter LFG Launchpad.

Jupiter, a decentralized exchange aggregator operating on the Solana blockchain, received attention recently due to the JUP airdrop initiative they conducted.

In contrast to how centralized cryptocurrency exchanges pick Launchpad projects under their control, JUP takes a decentralized approach to selecting new Launchpad projects through the votes of its owners.

However, the introduction of the JUP token has faced criticism, especially concerning the way the token launch pool was used. There are concerns that the Jupiter team's method of releasing JUP on the open market could be perceived as a means of raising capital. Critics argue that this aspect was not transparently communicated to all participants, sparking debates about the decision-making process of buyers.

With a market value of roughly $140 million, ZEUS is also listed on Kucoin and currently trading at $0.85. Shortly after trading commenced today, the price of this altcoin rose to $0.95.

*Please note that this content does not constitute investment advice.

For further information: 'New Altcoin Listed on OKX, a Unique Launching Approach'

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