Jupiter To Launch Ape Meme Coin Platform Trading At 0.069% Fee

Key Points:

• Jupiter announced Ape, focusing on wallet security.
• Ape’s Alpha phase offers a 0.069% promotional fee.
• Future updates include P&L Tracking and History.

Jupiter launched Ape meme coin trading platform on Solana, emphasizing wallet security with vaults and a 0.069% fee. Ape optimizes trades, and updates will include P&L tracking.

Jupiter To Launch Ape Meme Coin Platform Trading At 0.069% Fee

Jupiter, a trading aggregator for the Solana ecosystem, announced a new meme coin trading platform called Ape. The product’s aim was wallet security with vaults, letting users trade after depositing SOL to the wallet and using that wallet’s belongings to trade on APE.

Jupiter Announces New Ape Meme Coin Trading Platform

Some main characteristics of Apes include token findings and dynamic slippage settings. In its Alpha phase, Ape currently does this with a promotional fee of 0.069%.

Jupiter highlights that Ape centres around a secure vault whose keys exist only in the user’s wallet. After depositing SOL, trades are automatically optimized by dynamically setting slippage and retrying transactions if needed. The team added that Ape’s promotional fee during the Alpha period is 0.069%.

What if there was a safer, smoother, and cheaper way to ape memecoins?

Introducing: https://t.co/MggzikiVRi 🦧

Ape is built around a secure vault that only your wallet can access. Simply deposit SOL and start to trade.

Not sure what to ape?
Don’t worry, our token discovery… pic.twitter.com/KQFEbCsPvp

— Jupiter 🪐 (@JupiterExchange) July 3, 2024

Ape is developed and optimized continuously; future updates include but are not limited to, P&L Tracking and History for ongoing changes in views on meme coin performance.

Previously, Jupiter launched another meme coin called WEN through its launchpad in January. The developer has then released more details on this token.

Readmore: Solana Liquid Staking Sees Explosive Growth QOQ: Analysis

Future Updates and Meme Coin Performance

Another meme coin, Dogwifhat, in the Solana ecosystem is down 57% from its all-time high on March 25, 2024. While eventually volatile, meme coins can stir hype for a while and have hundreds of millions of dollars flooded into crypto communities through airdrops.

Source: CoinMarketCap

According to the statement, Ape aims to provide the world with a safe and friendly experience trading meme coins powered by Jupiter’s expertise in decentralized finance and the fast-rising Solana blockchain.

Source