Jupiter | A Decentralized Exchange on Solana Network
In my recent post i have written in depth about KiloeX and future possible gains that can be game changing. In this post i am going to introduce you to a big name in the decentralized world. It is known as Jupiter Exchange. It has recently taken number one spot in solana ecosystem.
Before going into further detail, let me make it simple for you to understand what is Jupiter.
Jupiter is a decentralized cryptocurrency exchange (DEX) which is based on the Solana ecosystem. It aims to replace centralized exchanges (CEX) with a more streamlined system that prioritizes trader experiences.
The Jupiter team keeps the effects mysterious. They do not consider it important to reveal their identity, their sympathizers, or how they started. But, indeed though they keep particular stuff private, they partake a lot about their design and commitment. They've in detailed documents like white papers and the blogs that talk about the vatious times they have put into working on their design.
Jupiter Exchange was started in 2021, and it's like an online place where you can trade digital tokens. It's special because it uses the Solana Network which is growing fast and os very popular . The people behind it go by the name" Meow," but we do not really know who they are.
This exchange works by bringing together prices from different digital plutocrat trading places on Solana. It's like a mecca that connects these places to give you the good prices. So, when you trade on Jupiter, you get the stylish deals from all these different places.
Jupiter Exchange isn't like a regular exchange. rather of being a single place, it connects to colorful Solana places where you can trade digital plutocrat. It's like a unique ground that brings all the prices tegether, making it easier for people to get good deals for their trades.
Indeed though we do not know important about the people behind Jupiter( they use the name" Meow"), they have done a lot of work on this design. They have reused further than$ 20 billion in deals, meaning a lot of digital crypto tokens and coins has been traded on Jupiter.
According to crypto tracking website CoinMarketCap, Jupiter Exchange has formerly reused over$ 20 billion in sale volume and has made further than 140,000 token barters across further than 4,100 trading dyads.
Jupiter has airdropped $Wen token to over 1m users that have used Jupiter in the last 6 months. People are very happy to get this airdrop as they make hundreds of dollars just for free. Some of the users who claim early have sold $WEN airdrop for $400 which is huge .
I have also got $643000 $WEN tokens that i sold for $45. Unfortunately the price dropped a lot when i claimed. But it is still good amount as its free money. I havent paid anything, so i think no need to complain about the price.
I am not alone , many of my friends have claimed the airdrop and everyone is happy. Once again crypto provides many opportunities. We just need to be active along various chains. It is recommended to do 1 transaction on all chains in a month to be counted as active member as this can be profitable if any future airdrop happens. It you cannot be active on all chains then it is recommended to choose top one like eth , solana and bnb.
In the end i would like to say long live crypto for changing lives.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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