Jupiter is one of the most popular platforms in the Decentralised Finance (DeFi) sector, and recently became the most popular DEX aggregator in the world. It has established itself as a significant liquidity aggregator, a role that involves pooling resources to ensure more efficient and effective token swaps, perpetual futures, and the management of decentralized stablecoins.
Jupiter (JUP) crypto asset is now listed on INDODAX on the Solana network.
Interested in Jupiter (JUP) and how to buy it? Learn more before investing by reading below!
About Jupiter (JUP)
Jupiter (JUP) is a cryptocurrency token used on the Jupiter platform, which is a leading liquidity aggregator on the Solana network. Initially, Jupiter began as a platform focusing on aggregating liquidity for token swaps, similar to comparable platforms on Ethereum. It has since expanded its offerings to include perpetual futures trading, broadening its scope and utility within the DeFi ecosystem.
For more information, visit the official website of Jupiter (JUP) at https://station.jup.ag/
Challenges, Opportunities, and Utilities
Jupiter addresses a key challenge in the DeFi sector, specifically the need for efficient and effective liquidity aggregation for various financial instruments like token swaps, perpetual futures, and decentralized stablecoins. One of the most popular DeFi tools on the Solana blockchain, Jupiter serves to streamline and optimize trading activities within the DeFi space.
In optimizing trading activities in the DeFi environment, Jupiter also offers some promises as follows:
- Providing best price and best token selection with best UX
- Maximizing the potential of Solana’s technical capabilities
- Improving the liquidity landscape in Solana
Jupiter also has several important utilities in the ecosystem, including:
- Governance: $JUP holders will have voting rights and can participate in the decision-making process regarding the token itself, ecosystem initiatives, and future emissions.
- Community Engagement: The goal of this token is to build an active and committed community within the Solana ecosystem.
- Incentivization: $JUP will likely be used to incentivize community members who participate and bring new capital flows into Solana, helping its growth.
Crypto Asset Ranking Information
As of February 22, 2024, the CoinMarketCap ranking of Jupiter (JUP) is #111, with a market cap of USD 699,834,461. It has a circulating supply of 1,350,000,000 JUP and a maximum supply of 10,000,000,000 JUP.
How to Buy Jupiter (JUP) on INDODAX
Now that you’ve discovered more about Jupiter (JUP), you can start investing in Jupiter (JUP) easily and securely on INDODAX.
You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.
To buy Jupiter (JUP) crypto asset on INDODAX, follow the steps below:
- Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
- Then, deposit by reading how to make a deposit below
- After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
- Search for JUP in the IDR market, and click to visit the crypto asset page
- On the crypto asset page, enter the balance and desired JUP purchase price, or buy instantly at the current price
- Next, you should wait for the price to increase for some time
- Once the price increases, your assets can be sold at a higher price with the Instant method
- If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number
INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.
Let’s invest in Jupiter (JUP) on INDODAX now!
