Quick Facts:

• Jupiter Exchange is a decentralized exchange built on top of the Solana Network.
• It was launched in 2021 by a unanimous developer or group of developers with a pseudonymous name, Meow.
• 40% of the total supply of $JUP, its utility and governance token, has been allocated for the airdrop alone.

In our recent list of airdrops on the Solana Network, most are still unconfirmed by the developers and are just community speculations. 

But among the confirmed ones is the airdrop activity of Jupiter Exchange. And to be qualified, users simply need to use the features on the exchange. 

What is the Jupiter Exchange? What are its features? What are the qualifications?

(Also read: 10 Potential Crypto Airdrops to Watch Out For in 2024)

Jupiter Exchange Introduction

Launched in 2021, Jupiter Exchange is a decentralized exchange built on top of the Solana Network, created by a unanimous developer or group of developers with a pseudonymous name, Meow.

It operates as a liquidity aggregator, gathering liquidity from various DEXs and automated market makers (AMMs) within the Solana ecosystem. This means that the exchange aggregates the best prices on all the DEXs on Solana by connecting DEX markets and AMM pools together, 

According to CoinMarketCap, Jupiter Exchange has already processed over $20 billion in transaction volume and has made more than 140,000 token swaps across more than 4,100 trading pairs.

Jupiter Exchange Features

As an exchange, aside from swap tokens, it has a” limit order” feature for trades at specified prices. Jupiter also has decentralized perpetual and futures trading for speculating on ‌market movement. It also offers a Dollar Collar Average (DCA), a strategy used by traders to buy or sell crypto a little at a time to average out the price. Lastly, it also has an in-house bridge, facilitating asset transfers between Solana and other blockchains. 

To use these features, users must connect their wallets, then go to: https://jup.ag/.

• To swap tokens, just select the token you want to swap and the token you want to receive, then the amount of any of the token. 
• To use the limit order feature, choose a token from the token selector and input the amount of token to be sold. Also put the rate or price of the token price to buy together with an expiry period. 
• To buy crypto using DCA, just choose the token you want to buy, and choose how many times per period you want to automatically buy the crypto. 
• To bridge assets, choose the input blockchain and output blockchain, then input the assets and its amount to be transferred. 
• To use the perpetual trading, choose if you want to have a long position or short position. Choose the token to be traded, the size of the trade, and the leverage. 

Aside from these features, Jupiter Exchange also lists new tokens automatically. Thus, any new token in the Solana ecosystem can be traded immediately. 

Jupiter Exchange Airdrop Guide

Unlike other airdrops, Jupiter Exchange’s airdrop is confirmed by its own developers. 

In fact, 40% of the total supply of $JUP, its utility and governance token, has been allocated for the airdrop alone. 

To qualify, users must use Jupiter’s limit orders, bridge, and perpetual contract features. 

But take note that the airdrop has been divided into particular time frames and each round has a different qualification, like the minimum account of swap or trade requirement. 

Some rounds require you to swap at least $1,000 worth of tokens, while there will be rounds that will reward those with the highest volume of traded crypto. 

This article is published on BitPinas: What is Jupiter Exchange? A DEX With 40% of Tokens Allocated for Airdrop

Disclaimer:

• Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
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