Jupiter Unveils Plans for Three New Tokens on LFG Launchpad
Jupiter, the Solana-based decentralized exchange aggregator, recently announced plans to launch at least three additional tokens through its “LFG Launchpad” after introducing its native token and an independent meme coin.
The projects lined up for token launches include Sanctum, a liquid staking service; Sharky, a platform for NFT-backed loans; and deBridge, an infrastructure provider for cross-chain digital asset trading. Founder Meow detailed that these projects would engage with the Jupiter community over the next two weeks through town hall meetings and social media outreach.
The community will then have the authority to decide, via a JUP-backed vote in the Jupiter DAO, whether to greenlight these projects for token launches. While emphasizing community control, Meow raised concerns about the selection process. Despite recent controversies around JUP’s allocation structure, the token’s performance has been strong, touching $0.59, a 14% increase from yesterday, and settling at $0.55, a 5% gain.
Clever Robot News Desk 9th February 2024
