Binance announces the listing of the Solana-DEX aggregator Jupiter native token

What’s new? Crypto exchange Binance will list the Solana blockchain-based decentralized exchange (DEX) aggregator Jupiter’s native token. The JUP asset will be added to the platform on January 31 at 15:30 UTC with a Seed Tag, which is assigned to new projects and warns of possible high volatility. JUP trading will be available in pairs with USDT and FDUSD stablecoins, as well as the Turkish lira. Withdrawal of the coin will be available on February 1 at 15:30 UTC.

The exchange’s announcement

What else is known? In addition, within 48 hours of listing, Binance will add JUP as a new leveraged asset paired with USDT with an isolated margin.

South Korean crypto exchange Bithumb will also list the asset on January 31.

According to data from aggregator CoinGecko, Jupiter ranks second in daily trading volume among DEXs on all blockchains with $628,62 million, second only to the Ethereum-based Uniswap version three protocol.

The exchanges will list JUP on the day of its launch and airdrop, with 955 000 wallets eligible to participate. This refers to users who had swapped more than $1000 on Jupiter by November 2 of last year.

Источник: Twitter.com

The total offer will be 10 billion JUP, which will be split 50/50 between the community and the project’s team. The first airdrop is allocated 1 billion coins, and a total of 4 billion coins will be distributed as a result of four giveaways. Another 1 billion JUP will be allocated for grants in the future. According to the Jupiter developer, the airdrops will be held every January for the next three years.

As for the team, it will start receiving its 5 billion JUP gradually from January 2025, when the two-year unlocking cycle will be launched.

A total of 1,35 billion coins will be in circulation on launch day, of which 250 million will be allocated to the startup pool and another 50 million each will be loaned to centralized exchange (CEX) market makers.

For the airdrop, the Jupiter team is using its own Launchpad, which was previously tested in the distribution of the WEN meme token. The excitement around WEN led to Jupiter becoming the largest DEX in terms of trading volume on January 29, and the weekly volume of new wallet registrations on the Solana network hit an all-time high.