Buy Jupiter (JUP), it’s easy!

Why buy Jupiter (JUP)? 

If you decide whether to buy Jupiter (JUP), you’ll want to know that within just a few months of its launch, it will become one of Solana’s most popular decentralised exchanges. Its token, launched through an airdrop in February, has been much discussed recently, especially since the WEN meme coin preceded it. The Jupiter team used a ‘born-for-play’ crypto to test the exchange’s behaviour ‘under stress’, and since it performed as well as it could, they then launched the JUP token. 

To choose to buy Jupiter, you need to know that the decentralised exchange of the same name has reached around 200,000 active wallets and more than $100 million in daily volumes in just a few months since its launch. The JUP token is essential to participate in the project’s governance and take advantage of certain advanced features of the platform that issued it.

What it is

Jupiter is a fledgling decentralised exchange native to Solana that aims to provide traders with an unprecedented DeFi experience. In practice, this means that on Jupiter, one can place different types of orders and trade both cryptocurrencies and derivative contracts with ease. 
You can, for example, set up limit orders executed when a token reaches a predetermined price or create your automated dollar cost averaging (DCA) or recurring purchase strategy. But that’s not all. Jupiter is also a bridge aggregator, i.e., a centralised application allowing users to transport cryptos on different blockchains. This decentralised exchange is Solana’s seventh most-used decentralised application; the total value locked on the platform is $300 million.