JUP is a newly launched currency in the Def sector. OK and An are launched one after another, and it is also a high-profile project in the Solana ecosystem. The total supply of JP is 10 billion coins, and the initial circulation will be 1.35 billion coins. So, what is JUP coin? How about JUP coin? This article will introduce JP coin to you in detail
The full name of JUP coin in English is Jupiter. It is one of the largest Defi protocols in the Solana ecosystem and is also the governance token on Jupiter. The current JP project allows community members to vote on all aspects of the Jupiter platform. The implementation of the project aims to Blockchain is accessible and secure for everyone. I briefly introduced what JP is? I believe there are still many investors who don’t understand JP? Next, Xiaomei will talk about it in detail for everyone.
What is JUP Coin?
JUP coin is the native token of the Jupiter project. JUP coin exists on the popular Ethereum network and is a platform designed to make the blockchain open, secure and accessible to everyone. Jupiter's military-grade security technology can be used to help provide secure Dapps on public and private networks. Jupiter is committed to storing data securely on the blockchain. The current "Web 2.0" solution for data storage is cloud computing.
Jupiter is an open source software that exposes the blockchain, making the blockchain fully available to everyone. Customers can also leverage Jupiter's public blockchain on a secure private network for all their needs. Jupiter's military-grade encryption helps keep user data private and secure. With elite cryptographic capabilities, jJupiter powers secure dApps on public and private networks at the client’s discretion. Jupiter's features include a fully integrated DEX, voting, asset creation and an NFT marketplace called Leda
What about JUP coins?
According to official data, the current price of JP Coin is 1.3385 yuan, which is 0.03 yuan lower than the historical high price. The issuance price is unknown. The current circulation rate is 100%, but the market value is only 485.26 yuan.
Project Jupiter was initially launched as an experimental project by a team dedicated to enhancing the functionality of stablecoins in the Solana ecosystem. They successfully launched the first cross-protocol liquidity exchange feature on Solana by integrating with Mercurial and Serum. Jupiter's mission is to build the most comprehensive and reliable switching infrastructure on Solana to meet the needs of individual users and projects.
While Jupiter’s JP token plays a central role in promoting ecosystem governance, granting holders voting rights on important matters that determine the direction of the platform, the value of JP is not primarily determined by its founder Meow’s multiple statements. Practicality driven. Meow recently stated in a Reddit post:
“I think the idea that utility drives value instead is a myth that’s either created to explain the value of things, or put forward by project founders who are desperate to try to explain why their tokens have value. .I believe most people are not really focused on practicality, but rather value. Meow discussed this concept further on the Lightspeed podcast.
“We definitely hope to enable JP holders to utilize their JP more broadly over time, including participating in key ecosystem projects, etc., but this should not be confused with the value of JUP,” he added.
Can I enter JUP now?
You can enter $jup. The current position is in the lead and there is a callback to cover it. According to Planet Daily, CoinGecko data shows that the market value of Jupiter (JUP) has exceeded US$930 million, and its FDV is US$6,895,472,685. JUP is currently trading at $1.3385, with a 24H increase of 34.96%.
reason:
1. The official tweeted yesterday that they have sorted out 6 launch projects. They are currently in the voting stage and a new JUP project is coming.
2. In this bull market, JUP prices have not exploded yet.
3. Based on the fact that the current short-term hot spot is still upgrading in Cancun in a week's time, once the eth heat is over, the sol system can enter the market at a low price. All the above content is the answer to the two questions of what is JP currency and how is JP currency? As things stand right now, if JP can eventually find a real-world business use case, it could be a good investment.
Although the current global cloud computing market is worth billions, as long as the Jupiter platform can capture a negligible share, its price will rise significantly. After all, there are thousands of cryptocurrencies in the cryptocurrency market, and the ones that survive are basically the ones that can truly contribute value to the world. In general, the future development of JUP currency still remains to be seen.
