ChainCatcher report, according to Cointelegraph, Jumper has announced plans to conduct its first JUMP token sale via Legion and spin off from LI.FI as an independent company. In the future, it aims to expand from cross-chain aggregation into a comprehensive on-chain financial super-app, encompassing spot trading, cross-chain transfers, perpetual contracts, tokenized equities, and other RWA and yield products. Its perpetual contracts product, Jumper Perps, is expected to launch in the coming weeks. The Legion token sale will serve as Jumper’s first funding round, with proceeds allocated toward product development, user acquisition, and market expansion. The JUMP token will be issued separately after the funding round, and the company will not pursue equity financing simultaneously.
Jumper to Spin Off LI.FI and Launch JUMP Token for Initial Funding
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Summary
Jumper announced the token launch, revealing plans to spin off LI.FI into a standalone entity and launch the JUMP token via Legion. The project aims to evolve into a blockchain financial super app, offering spot trading, cross-chain services, and RWA products. The Legion token sale will provide initial funding, with proceeds allocated to development and expansion. New token listings are expected following the funding round, with no concurrent equity raise.
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