SUSD Archives - Coin Engineer https://coinengineer.net/blog/tag/susd/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 31 Jan 2024 23:03:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png SUSD Archives - Coin Engineer https://coinengineer.net/blog/tag/susd/ 32 32 Jupiter (JUP) Project: A Layer-1 Protocol for Dapps https://coinengineer.net/blog/jupiter-jup-project-a-layer-1-protocol-for-dapps/ https://coinengineer.net/blog/jupiter-jup-project-a-layer-1-protocol-for-dapps/#respond Wed, 31 Jan 2024 23:03:18 +0000 https://coinengineer.io/blog/?p=10796 The Jupiter (JUP) project is a Layer-1 protocol that aims to create and store decentralized applications on the Solana network. Jupiter also offers users advantages such as DEX aggregation, futures, and decentralized stablecoin liquidity pools. Additionally, it aims to offer many features such as limit orders, dollar-cost averaging (DCA), and bridge transactions. You might like: BREAKING

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]]> The Jupiter (JUP) project is a Layer-1 protocol that aims to create and store decentralized applications on the Solana network. Jupiter also offers users advantages such as DEX aggregation, futures, and decentralized stablecoin liquidity pools. Additionally, it aims to offer many features such as limit orders, dollar-cost averaging (DCA), and bridge transactions.

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What Does the Jupiter (JUP) Project Do?

In just November 2023, Jupiter processed $3.7 billion in transaction volume. According to data from the crypto data platform Dune, Jupiter has become the fastest-growing and largest DeFi protocol on Solana by transaction volume.

When it first started, it aimed to create a platform similar to the 1inch project on Ethereum. However, the project has evolved further and added GMX-style perpetual futures to the platform.

Jupiter recommends staying away from stablecoins such as USDC and USDT because they carry risks such as custody arrangements.

As an alternative to these stablecoins, it aims to launch the decentralized SUSD stablecoin. SUSD is decentralized and also offers interest-free credit opportunities. It is also supported by Solana liquid staking tokens, LSTs.

The interest-free credit mechanism is done using SOL to generate SUSD. These used Solanas provide yield and are used for transaction costs. Thus, a continuous interest-free credit is provided.

Jupiter

Tokenomics

The total supply of JUP, the native token of the Jupiter project, is 10 billion tokens. It allows users to contribute to the network by providing features such as voting (Vote) and approval (Approve) on the Jupiter platform. In addition, the maximum circulation supply is 1.35 billion JUP tokens. Also, according to SolanaDaily, the token distribution is as follows:

  • Airdrop (40%)
  • Strategic Reserve (20%)
  • Team (20%)
  • Liquidity Provision (10%)
  • Contributors (10%)

Tokenomics

What is the JUP Airdrop? How to Earn It?

955,000 users who traded on the Jupiter platform before November 2, 2023, are eligible for the airdrop. The airdrop claim page will open today at 10:00 EST. You can learn if you are eligible by clicking on the link here.

Also, Binance exchange announced that it will list the JUP token. You can register for Binance exchange by clicking on the Coin Engineer special discounted link and purchase JUP tokens after listing.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

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