Good news! Jupiter Announces Launch of UpRock with Airdrop and Staking Rewards

Bittime - Jupiter, a decentralized exchange (DEX) built on the Solana blockchain , has announced the launch of UpRock, a new product that will debut on May 31, 2024, at 00:00 WIB (UTC+7). Check out the complete news in this article!

Airdrop for DAO Voters

The launch of UpRock isn't the only exciting news for Jupiter users. The announcement revealed that UpRock will offer an airdrop to Jupiter DAO (Decentralized Autonomous Organization) voters. 

This signals potential rewards for those who have actively participated in Jupiter's governance process.

Source: @JupiterExchange/X

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Active Staking Rewards on the LFG Platform

UpRock plans to further encourage user participation through active staking rewards . The platform will distribute 0.75% of its tokens as staking rewards, further details will likely be revealed closer to launch.

LFG Platform Launch and Functioning

The news also highlights the launch of the LFG platform with UpRock. While the exact details of LFG have yet to be revealed, the report suggests that LFG will play a role in UpRock's staking mechanism. 

The LFG website is expected to launch on May 29, 2024, and will reportedly allow users to view their airdrop allocations and potentially set up functions such as DCA (Dollar-Cost Averaging) and limit orders.

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Further information

With a launch date set for later this week, more information regarding UpRock's specific features and functionality can be expected in the coming days. 

The launch of the LFG website on May 29 provides further clarity on staking mechanisms, airdrop allocation details, and the potential functions offered by the LFG platform itself.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Jupiter Announces Winners of Second Round of LFG Voting: Sanctuum and UpRock

Jupiter Announces Third Round of LFG Launches with Important Enhancements

DeFi Innovation on Solana: Sharky Teams Up with Jupiter DEX for NFT Lending

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.