Abdul manan
@abdulmanan
UPITER EXCHANGE: i. What is Jupiter Exchange? : In the Volatile World of Crypto there are many tokens that arose every day and the Solana Token is one of them.The Solana DeFi Universe is expanding exponentially with its new tokens and Protocols with every day. The transactions for the Solana are pretty much in numbers and their gas fees for the each transactions is pretty much high. Jupiter Exchange is the best for the transactions of the Solana and its relative tokens. It is an exchange aggregator which provides the cheap transactions that happening Solana. ii. How Jupiter does actually works? : Jupiter is actually a decentralized system that built on Solana. This was created in October 21, 2021 by the group of people or the team known as Meow. Jupiter exchange helps the Solana for its transaction by creating cheaper routes for the transactions. This is how actually works is, For instance imagine booking the flight which is cheaper.
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Abdul manan
@abdulmanan
d) Value Average: Value Average is works almost same as the DCA (Dollar Cost Averaging). It simply works by making contribution in a consistent period of time but it differs by the amount of each contribution. Value Averaging(VA) mainly focus on the equal growth of your stocks, currencies, funds, exchange trade and closed funds, instead of equal investments. vii. Future Plans of Jupiter Exchange: In future Jupiter Exchange is looking for to launch its stable coin. This seeks to address the custodial and regulatory risks and associates with more centralized stable coins Like USDC and USDT.
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Abdul manan
@abdulmanan
vi. Functions in Jupiter Exchange/Swap? The Jupiter Exchange offers many features in Jupiter swap like….. Swap Limit Order DCA (Dollar Cost Averaging) Value Average a) Swap: The “Swap” first tab that you are in. It is the function which allows us to spot swap between any Supported for Solana Networks System or SPL Tokens. b) Limit Order: Jupiter Exchange also allows you to set a limit according to your Prospective. Once your Limit is fulfilled it allows you to trade it. Once their Specific price is triggered so you can get your amount prize directly in their wallet. c) DCA (Dollar Cost Averaging) DCA is a straight forward yet powerful Strategy, Jupiter Swap DCA automates your order for you. Once you placed you order in DCA It divides your capital into smaller orders a fixed interval and for specific period of time rather than ordering placing a large order at a single time.
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Abdul manan
@abdulmanan
• Until 2 of June 2022, the Jupiter has exceeded 12.5 billion dollars in transaction volumes. • Until of the same date, in total Jupiter has made the transaction of more than 140k swaps in total of the 4157 pairs. v. What Features does Jupiter Exchange Gave to its Users? : Jupiter Exchange is Provides automatic adding system of the new tokens that added to the Solana Ecosystem Which allows multiple features like….. Immediately trading of any new launched tokens. Jupiter Exchange optimizes swap transactions provides deep approving liquidity from major Solana dexes. Jupiter Exchange also integrates with other tokens for to provide its users the great experience for its users. Jupiter also Provides Great Trading features for its users to get a great enhancing feature.
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Abdul manan
@abdulmanan
For to explain this, if you have to convert the Solana tokens to USDC. Jupiter Exchange will create a third party for this transaction like mSOL for this to happen. This transaction is much cheaper than the direct conversion from Solana to USDC. iii. Jupiter Token: Jupiter has no tokens until February of the year 2024 and came from the massive airdrop and by entering it just reached about the top 100 of Cryptocurrencies by the market cap all around the globe. Jup is a governess token that helps its members to have a stay in a platform direction and decisions. This includes liquidity, mint tokens and post genesis and voting. iv. Transaction Volumes of Jupiter: In just a year in 2022 there are about two million users of Jupiter exchange. Which is very high and cause the Jupiter exchange to be in the top hundred crypto currencies? • The Recorded Exchange of 24-Hour trading volume is $406 Million as it is reported by the Jupiter Aggregator on June 2nd 2022.
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