JUPJupiter (JUP) Price

1.Project introduction

Jupiter is a decentralized exchange aggregator built on Solana, designed to deliver fast, low-cost token swaps and unparalleled liquidity for users. It plays a central role in the Solana DeFi ecosystem by integrating advanced trading functions such as limit orders, dollar-cost averaging, and perpetual futures. Jupiter is also committed to fair and transparent token launches through its Launch for Good (LFG) program, broadening community access and supporting ecosystem growth. Its mission is to enhance the usability, accessibility, and decentralization of DeFi on Solana, fostering an inclusive and innovative culture.

2.Team introduction

Meow - Co-Founder  

Meow is a Co-Founder of Jupiter. He also built Meteora and R.A.C.C.O.O.O.N.S. Additionally, he Co-Founded the largest Wrapped token, wBTC, and was one of the founding contributors to the Handshake project.

Ben Chow - Co-Founder  

Ben Chow is a Co-Founder of Jupiter and previously served as a Co-Founder of Meteora.

SIONG - Co-Founder  

SIONG is a Co-Founder of both Jupiter and Meteora. He graduated with a degree in Computer Science from the University of Illinois Urbana-Champaign (UIUC). In his freshman year, he founded GraffitiGeo, which was funded by Y Combinator and later sold to Loopt. Subsequently, SIONG worked on early product development at Envoy, a company backed by Andreessen Horowitz.

3.Token application and distribution

Token application

The JUP token serves as the governance token for the Jupiter DAO, empowering holders to vote on protocol decisions, strategic directions, and liquidity incentives. JUP holders can stake to earn Active Staking Rewards (ASR), participate in governance, and receive a share of exchange fees. Additionally, JUP provides access to exclusive and advanced Jupiter platform features.

Token distribution

The total supply of JUP tokens is 10 billion, allocated as follows: 50% to the community, primarily through annual airdrops and incentive programs; 20% to the team, with a two-year vesting period starting in 2026; 20% held in a strategic reserve for project funding and hiring; and 10% allocated for liquidity provision.