What is Jupiter (JUP)? How Does It Work?
Jupiter (JUP) is a decentralized automated market maker (AMM) platform, operating on the Solana blockchain. The Jupiter platform provides infrastructure for various activities such as token swaps, futures trading, and cross-chain asset transfers. In this article, you can find answers to questions like what is Jupiter (JUP), how does Jupiter (JUP) work, how do you buy Jupiter (JUP), and how do you trade JUP/TRY and JUP/USDT trading pairs.
What is Jupiter (JUP)? How Does It Work?
Jupiter (JUP) is a decentralized AMM platform operating on the Solana blockchain. Jupiter AMM allows users to trade in many different liquidity pools. On Jupiter, token swaps, limit orders, regular buying strategies, futures trading, and asset transfers with blockchains other than Solana are possible.
Jupiter (JUP) serves users on its own platform but also offers API services. Thus, different applications can benefit from Jupiter’s services as third-party services and integrate them into their own applications.
Jupiter (JUP) was founded by an anonymous developer who goes by the username Meow. While the developer’s face is known, their real name is a secret. Because the user is known as Meow, designs on the Jupiter platform are cat-themed.
Jupiter (JUP) is a Solana Program Library-based token operating on the Solana network. Changes to the Jupiter platform are determined by JUP token holders in voting rounds. JUP is therefore also a governance token.
The total supply of JUP is limited to 10,000,000,000 units.
Since its inception on 31 January 2023, JUP has distributed JUP to users through various events via airdrop. Distribution programs are ongoing.
You can access the Jupiter (JUP) website via the link https://jup.ag/.
For detailed information on JUP, click here.
How to Store Jupiter (JUP)?
JUP is an SPL-based token. You can manage JUP balances with a browser, desktop, mobile, or hardware wallet that supports the Solana blockchain.
How to Buy and Sell Jupiter (JUP)?
You can buy and sell Jupiter (JUP) with Turkish Lira and Tether on the BtcTurk | Kripto website or the BtcTurk | Kripto mobile application. If you are not a member of BtcTurk | Kripto, you can sign up immediately on our website or mobile application and buy Jupiter (JUP). You can deposit Turkish Lira 24/7, using 7 affiliated banks.
We remind our users to conduct necessary research and examination within the scope of their risk management principles and to trade according to their own risk-return levels.
