Top Highlights

• The native token of Solana-based decentralized exchange (DEX) aggregator Jupiter surged Thursday, apparently aided in part by the platform's rollout of an incentivized voting mechanism for community members to choose which tokens will next debut via its launchpad.
• JUP is up 35% in the last 24 hours to almost $0.78 at writing, according to CoinGecko. The pump has pushed the token’s market cap back over $1 billion after being below that mark across all of February.
• Last month, Jupiter’s pseudonymous founder Meow announced that Jupiter community members would soon get to decide which of a handful of pre-selected Solana-based projects should win the opportunity to launch native tokens via LFG. Today, that day arrived—and community members also learned that they stand to earn sizable rewards by participating in ...
• According to an announcement from Jupiter this afternoon, voters will also receive monetary rewards for their participation in the LFG selection process. 100 million JUP, as well as 75% of launchpad fees from future LFG launches, have been earmarked for distribution to DAO voters. Those rewards will be distributed quarterly.
• LFG voters will have a choice between six Solana-based projects, which have courted Jupiter community members with various outreach initiatives over the last month. Those projects include UpRock, an AI-backed data rewards network; Banx, an NFT loan service; Srcful, a decentralized virtual power plant; Sharky, another platform for NFT-backed loans; ...

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