Jumper is preparing to launch its JUMP token sale on Legion next week as the crosschain trading app pushes beyond bridging and swaps into a broader suite of onchain financial products.
The sale will open September 29 at 1:00 PM UTC and run through October 2 at 1:00 PM UTC. Eligible participants will be able to submit pledges through Legion, although doing so will not guarantee an allocation.
The sale marks the first time Jumper has raised capital independently. The company is also becoming an independent business as it seeks to position itself as what it calls a “super-app for onchain finance.”
Unlike many crypto projects that divide ownership between equity investors and token holders, Jumper says there will be no separate Jumper equity. JUMP is intended to be the asset through which users, contributors and investors participate in the platform’s growth.
The fundraising comes after Jumper built much of its existing business around crosschain trading. The platform has processed more than $40 billion in lifetime volume and serves more than 100,000 monthly active users, according to the company.
Jumper is now trying to expand that distribution into other areas of onchain finance. Alongside its core swap and bridging products, the platform is building around four newer verticals: yield, advanced trading, tokenized real-world assets and perpetual futures.
Jumper Earn offers one-click access to onchain yield strategies and recently surpassed $10 million in attributed total value locked. Jumper Advanced, meanwhile, targets more active traders with tools including limit orders, time-weighted average price execution and dollar-cost averaging.
The company has also launched an interface for trading tokenized stocks and other real-world assets, while Jumper Perps is expected to aggregate perpetual futures venues under the same interface.
The strategy is to keep users inside Jumper for more of their onchain activity rather than having them move between separate applications for bridging, trading, yield and tokenized assets.
Jumper says each additional product also gives the platform another potential source of transaction volume and revenue as it tries to monetize the distribution it has already built through bridging and swaps.
The sale is not available to participants in the United States, United Kingdom, United Arab Emirates, Russia, Iran, Syria, North Korea, Cuba and sanctioned regions of Ukraine. Access in the European Union is also subject to restrictions through Legion.
JUMP is expected to launch separately following the fundraising process.