What is Jupiter (JUP)? What Makes the DEX on Solana Special?

Table of Contents

What is Jupiter (JUP)?

Jupiter stands as a decentralized exchange (DEX) aggregator platform, carefully crafted within the Solana ecosystem to support users in seamlessly swapping tokens with minimal slippage and affordable transaction fees. The primary goal of Jupiter is to deliver a diverse array of features, including Swap, Limit Order, Perpetual, all integrated into a unified interface for user-friendly accessibility.

Beyond this, the project is committed to building tools for developers, simplifying the connection of decentralized applications (DApps), user interfaces, or web browsers to the platform. Currently, prominent projects on Solana, such as Orca, Raydium, Serum, have successfully integrated with Jupiter.

https://jup.ag/

Key Features of Jupiter

Swap: Allows users to swap supported SPL tokens with low slippage and minimal fees.
Limit Order: Enables users to place buy or sell orders at specific price levels, aiding traders in avoiding slippage and securing optimal prices.
DCA (Dollar-Cost Averaging): Permits users to purchase a fixed amount of tokens within a specified price range over a set period, offering flexibility in time intervals (minutes, hours, days, weeks, or months).
Bridge: Facilitates users in bridging tokens from EVM blockchains like Ethereum, BNB Chain, Arbitrum, or non-EVM blockchains like Tron to Solana, ensuring optimal routes for low slippage and transaction fees.
Perpetual: Allows users to trade futures contracts for supported tokens with a maximum leverage of up to x100. This feature is currently in beta testing and will be officially launched by Jupiter in the near future.

Jupiter’s Highlights

Automatic Listing of New Tokens: possesses the capability to automatically integrate and list new tokens as soon as they appear in Solana’s token collection, ensuring a swift and smooth user trading experience.
Optimized Swap Process: focuses on optimizing the swap feature by completing users’ token swap transactions in a single step, thereby minimizing asset price volatility and slippage.
Compatibility with Various Crypto Wallets: compatible with a majority of popular and reputable crypto wallets in the market, such as OKX Wallet, Wallet Connect, providing users with more choices and easy linkage to their cryptocurrency wallets.
User-Friendly Interface: The interface of Jupiter is intuitively designed, facilitating users in exploring and experiencing the platform’s features effortlessly.

Basic Information about the Jupiter Token

Token Name: Jupiter
Token Symbol: JUP
Blockchain: Solana
Token Standard: SPL (Solana Program Library)
Contract Address: JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN
Token Type:Utility, Governance
Total Supply: 10,000,000,000 JUP
Circulating Supply: 1,350,000,000 JUP

Token utility

Governance: $JUP holders will have voting rights and can participate in decisions regarding the token, ecosystem initiatives, and future emissions.
Incentive: $JUP can be used to encourage engagement through programs like Grants

Token Allocation

With a total supply of 10 billion tokens, the project’s tokens will be allocated as follows:

Liquidity Provision: 10%, equivalent to 1,000,000,000 JUP tokens.

Team: 20%, equivalent to 2,000,000,000 JUP tokens.

Strategic Reserve: 20%, equivalent to 2,000,000,000 JUP tokens.

Airdrop: 40%, equivalent to 4,000,000,000 JUP tokens.

In the initial circulation of 1.35 billion tokens, the project allocates as follows:

1 billion JUP for airdrop

250 million JUP for the startup team (instead of 500 million as originally planned)

50 million JUP for CEX market maker needs

50 million JUP for immediate LP needs

Token Schedule Vesting

Updating…

Development Team

Updating…

Investors

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Partners

The project collaborates with various projects across different sectors, including:

DeFi: Orca, Raydium, Marinade Finance, Marginfi
Wallet: Phantom, Solflare, Backpack
Bridge: Wormhole, Allbridge, AtlasDEX
Game: Star Atlas, Genopets, DeFi Land
NFT: Hyperspace, Headswap, Solsea
Payment: Helio, CandyPay, Elusiv

Conclusion

Jupiter is a DEX Aggregator platform built on the Solana ecosystem, providing users with low slippage and affordable transaction fees for token swapping. Jupiter also aims to facilitate developers in integrating DApps, user interfaces, or web browsers into the project’s framework.

Through this article, you should now have a basic understanding of Jupiter to make informed investment decisions for yourself.