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What is the issuance price and issuance amount of Jupiter (JUP) coin?
The issuance price of Jupiter (JUP) coin was set at $0.003 during its initial coin offering (ICO) in December 2021.
Dec 13, 2024 at 01:29 pm
What is the Issuance Price and Issuance Amount of Jupiter (JUP) Coin?
Jupiter (JUP) is the native token of the Jupiter exchange, a decentralized crypto exchange (DEX) built on the Polygon network. JUP serves as a governance token, allowing holders to participate in decision-making and shape the future of the platform.
Issuance Price of JUP Coin
The issuance price of JUP coin was initially set at **$0.003** during its initial coin offering (ICO) in December 2021. The ICO sold a total of 150 million JUP tokens, raising approximately $450,000.
Issuance Amount of JUP Coin
The total issuance amount of JUP coin is 1 billion. Of this, 150 million (15%) were sold during the ICO, while the remaining 850 million (85%) were reserved for distribution over time.
Distribution of JUP Coin
The distribution of JUP coin is as follows:
- ICO: 150 million (15%)
- Team, Advisors, and Early Investors: 120 million (12%)
- Marketing and Operations: 60 million (6%)
- Community Fund: 250 million (25%)
- Ecosystem and Development: 420 million (42%)
Token Allocation and Use Cases
JUP coin has a wide range of use cases within the Jupiter exchange ecosystem:
- Governance: JUP holders can participate in governance decisions, vote on proposals, and influence the platform's development.
- Transaction Fees: JUP can be used to pay transaction fees on the Jupiter exchange, receiving a discount on fees.
- Staking: JUP holders can stake their tokens to earn rewards and support the security of the network.
- Rewards: JUP is used to reward users for providing liquidity, participating in referral programs, and contributing to the community.
- Exclusive Access: JUP holders may have access to exclusive features, discounts, and airdrops on the Jupiter exchange.
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