JUP
Jupiter is a DEX aggregator on Solana that routes trades across multiple liquidity sources to give traders the best price with the least slippage. It provides a variety of products, such as swap functionality, limit orders, dollar-cost averaging (DCA), perpetual, and launchpad, to meet different user needs.
The main purpose of Jupiter is to improve the trading experience on the Solana blockchain with the introduction of efficient and cost-effective solutions. In pursuit, the platform aggregates liquidity from multiple sources to provide the best price with minimal slippage. Jupiter also wants to offer a wider variety of products including limit orders, DCA and perpetual trading to meet a wider variety of trading styles.
JUP, Jupiter's native token, is an essential part of the platform's ecosystem. The tokenomics are all set to encourage the users and helpers, with an ample amount of tokens reserved for the team, advisors and the community. Importantly, only 20% of the tokens designated for the team go to current members, who have a two-year vesting period — a step that demonstrates long-term commitment to the project.
Jupiter held its ICO (initial coin offering) to raise capital for the development and expansion of the platform. Jupiter's ICO was multi-round and multi-staged, with private and public sales in addition to a total of $36.3 million in raised funds across two rounds. The pre-valuation of the project was estimated at $331.5 million, which indicates a strong confidence in the potential of Jupiter from investors.
Jupiter is built on the Solana blockchain, enabling fast and cheap transactions. A superchip design that tightly couples CPU and GPU on the same platform for high bandwidth and homogeneous programming. With this integration, complex trading operations can be processed seamlessly which boosts the user experience.
Jupiter is made up of a highly experienced leadership team with backgrounds in blockchain and finance. With a focus on driving growth and innovation, the team will ensure the alignment of the platform with the project's goals and objectives. Together, they provide invaluable insight into the fast-paced world of cryptocurrency.
Jupiter has a full development and a growth roadmap. In addition, the roadmap outlines the launch of Active Staking Rewards (ASR), token launches, and governance votes that will help mold the future of the platform. Such measures are aimed at increasing user participation as well as allowing the platform to thrive and grow.
Project platform:
SOLANA
Accepted currencies:
SOLANA
Excluded countries:
no
Fund raising start date:
January 30, 2024
Fund raising end date:
July 30, 2024
Soft CAP (in $USD):
8000000
Hard CAP (in $USD):
10000000
Price per coin (in $USD):
0.11
Company country:
UK
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