$JUP

what is Jupiter

Jupiter Token ($JUP) is the governance token of Jupiter Exchange, a decentralized exchange (DEX) platform on the Solana blockchain. Its main function is to allow holders of $JUP to vote on important protocol decisions, as well as to incentivize liquidity and growth of the ecosystem through rewards and airdrops.

Functions and utility of the JUP token

Governance: Holders of $JUP can participate in protocol decision-making, such as fund allocation and the development of new features.

Ecosystem incentives: It is used to reward active users through liquidity programs and airdrops, encouraging participation on the platform.

Exclusive benefits: Provides priority access to new projects on the Jupiter launchpad and potentially discounts on fees.

Sustainability of the ecosystem: Supports liquidity provision and finances the long-term development of the project.

Features of Jupiter Exchange

DEX aggregator: Jupiter connects users with the best prices on multiple decentralized exchanges (DEX) on Solana, optimizing trades.

Advanced tools: The platform offers features like limit orders, dollar-cost averaging (DCA), and a bridge to transfer assets to Solana.

Transaction execution: All operations within the platform are executed with Solana's native token, SOL, which is used to pay fees.