The TON Foundation is collaborating with Jupiter Exchange to develop a brand new liquidity aggregator on the TON Blockchain. This exciting collaboration aims to make trading more efficient for users. It also opens the doors for decentralised finance (DeFi) to reach its full potential. Identifying the best price is often not easy. Liquidity aggregators pull prices from multiple sources to ensure the best deal. Let’s discover more about this important news for TON Coin.
TON Coin and Jupiter join forces!
The TON Foundation and Jupiter are combining their expertise. Thus, it aims to create an aggregation specifically for the TON Blockchain. This will facilitate token swaps. It will also make the network more accessible. Jupiter Exchange, a well-known player in the Solana ecosystem, brings world-class liquidity tools and expertise to the table. Jupiter’s DeFi expertise will support the rapid growth of the TON Coin ecosystem.
Meanwhile, the TON Blockchain is already attracting attention for its scalability and low fees. The addition of a high-quality liquidity aggregator could be the cherry on top, attracting developers, traders and new projects.
More about the partnership
STON FI and DeDust swap pairs are now live on TradingView, providing more than 90 million traders with access to real-time information about TON’s decentralised markets. This integration will allow users to follow market trends and analyse data. It will also allow them to easily improve their trading strategies.
It will provide a direct link to TON’s ecosystem. Traders will better navigate swap pairs. They will also stay ahead of market movements by improving their overall trading experience. This development brings more visibility to TON’s growing DeFi space. It also creates new opportunities for traders worldwide.
Jupiter announces big token airdrop event!
As you follow from Kriptokoin.com, Jupiter announced plans for an important airdrop event in January. In the event known as ‘Jupuary’, 700 million JUP tokens worth approximately $ 580 million will be distributed to various stakeholders, including users, stakers and community contributors. The distribution will be based on a snapshot already taken. The final eligibility criteria are still under discussion. However, preliminary drafts indicate that users will receive rewards based on their trading volume over the past year.
For example, users with an annual trading volume of at least $800 will receive at least 50 tokens. Also, those with a trading volume of $ 29,000 will be entitled to 250 tokens. Expectations are that about 2.3 million wallets will be eligible for this airdrop. This initiative follows the previous airdrop in November 2023, when about 1 billion JUP tokens were allocated to users who performed at least $ 1,000 of exchange volume on the platform before the snapshot.
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