Jupiter (JUP)

From CryptoWiki

Solana decentralized exchange (DEX) aggregator

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Notable Governance Votes

Treasury

Token

Launch

2-2024 it launched the largest SOL airdrop so far, serving up 1 billion total JUP tokens to claim—over $700 million worth at the peak price at that time.

Token Allocation

"Viral tweets have painted the airdrop as a token sale by Jupiter’s founders—an ICO in disguise. That's because of a 250 million JUP launch liquidity pool established by the team using tokens pulled from the team's half of the 10 billion JUP supply.

With Adam Cochran stating:

"So -gave 50% of token to themselves, it was not their first token -Used their own platform which also paid self -Pulled liquidity from the pool in cash -Gave a cut to the dev team So cash out $30m day one with no lockup, and still own 50%?"

The markets did not seem to care as a month later the JUP price tripled.

Inflation

Utility

Burns

Other Details

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].
  • Built on Solana

How it works

Fees

Upgrades

Other Details

Oracle Method

Their Other Projects

Acquired both SolanaFM and Coinhall (20-9-2024).

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

Projects that use or built on it

Competition

1inch and other DEX aggregators.

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

(:

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