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Binance to List Jupiter (JUP), a Solana-Based DeFi Protocol

Binance exchange announced on Wednesday that it will list Jupiter (JUP), a decentralized finance (DeFi) protocol built on the Solana blockchain, and open trading for three spot trading pairs: JUP/USDT, JUP/FDUSD and JUP/TRY.

Users can now start depositing JUP in preparation for trading, which will begin at 2024-01-31 15:30 (UTC). Withdrawal will open at 2024-02-01 15:30 (UTC). The listing fee for JUP is 0 BNB, according to Binance’s announcement.

In addition, Binance will add JUP as a new borrowable asset with a new margin pair on Isolated Margin, within 48 hours from 2024-01-31 15:30 (UTC). The new isolated margin pair is JUP/USDT.

Jupiter is a DeFi protocol that aims to provide a comprehensive and user-friendly platform for trading, investing and managing digital assets. Jupiter’s native token, JUP, is used for governance, staking and rewards. JUP holders can vote on protocol parameters, upgrades and proposals, as well as stake their tokens to earn fees and incentives.

JUP Airdrop and Other Exchange Listings

Jupiter is scheduled to launch its native token, JUP, through an airdrop on Wednesday at 10 a.m. EST. The airdrop will distribute 1 billion JUP tokens to about 955,000 wallets that interacted with Jupiter before Nov. 2, 2023, according to data source Airdrop Official.

The airdrop is intended to reward early adopters and supporters of Jupiter, as well as to boost the adoption and awareness of the protocol. Airdrop refers to crypto projects distributing free new or existing tokens en masse to their communities.

Besides Binance, several other major cryptocurrency exchanges have also announced their plans to list JUP, such as Bybit, Kucoin and OKX. These listings will further increase the liquidity and accessibility of JUP, as well as the exposure and reach of Jupiter.

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