Jumper to open JUMP token sale on Legion with 50% unlocked at TGE

  • Jumper will open its JUMP token sale on Legion.
  • Jumper reports more than $41 billion in cumulative trading volume.
  • The sale runs from Sept. 29 to Oct. 2, Beijing time.

Jumper, a cross-chain trading application incubated by Li.Fi, will open its JUMP token sale on Legion at 9 p.m. Beijing time on Sept. 29, with the sale ending at 9 p.m. on Oct. 2. Jumper compares routes across bridges, decentralized exchanges and combinations of both, allowing users to transfer and swap assets across networks through one interface. It has reported more than $41 billion in cumulative trading volume, over 100,000 monthly active users and a market share above 15% among cross-chain aggregators. The application is expanding into yield aggregation through Jumper Earn, advanced trading, tokenized real-world assets and planned perpetual futures. Li.Fi supplies the underlying cross-chain capabilities for other applications, while Jumper targets retail users directly. Jumper plans to separate its product, team and fundraising from Li.Fi, although the businesses will remain technically connected. The JUMP sale is Jumper's first fundraising event under its own name, and holding the token does not confer Li.Fi equity, Jumper equity or rights to revenue distributions. Applications are not first-come, first-served, and submitting an application does not guarantee an allocation. Participants must satisfy Legion's identity and geographic requirements, while allocation will depend on eligibility, demand and the platform's distribution process. Existing Jumper XP and waitlist rankings may provide priority or lottery eligibility, including consideration of the top 500 waitlist positions, but they do not guarantee tokens or represent a direct conversion into free JUMP. About 33.33% of the token allocation is designated for the community, although its distribution method, any airdrop and its relationship with XP remain undecided. The article notes a $75 million valuation and 50% unlocking at the token generation event, calculating that a launch circulating market capitalization above $150 million would cover the sale cost. It also cautions that applicants may fail review or receive only a small allocation, making a higher Legion Score important.

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