仮想通貨に関する用語集(CRYPTO GLOSSARY) J行

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Jager

Jager is a unit of measurement which represents a fraction of the cryptocurrency BNB (Binance Coin).

What are Crypto Denominations?

A standard crypto unit measures the value of one token or currency. All crypto units consist of a base or main unit and subunits, also called denominations.

This is the same as most fiat currencies today.

For example, in the United States, ＄1 is the base unit, while a denomination would be 100 cents. Cryptocurrencies operate with similar denominations. For example, for Bitcoin,

1 BTC is the base unit, while the subunits are called Satoshis (named after Satoshi Nakamoto).

1 Satoshi = 0.00000001 BTC.

What is Jager?

A Jager is the smallest denomination of Binance Coin (BNB). A Jager can be divisible up to 8 decimal places.

1 Jager = 0.00000001 BNB “Divisibility” refers to the ability to divide a cryptocurrency within its prescribed set of rules or protocols.

This is again similar to fiat currency. A U.S. dollar, for example, cannot be divided into a unit smaller than 1 cent.

1 Jager is the smallest unit that can be measured for BNB.

Depending on their protocol, different cryptocurrencies can be divided up to 8 decimal places or more, depending on whether the unit is divisible or indivisible.

The Origin of the Term “Jager” in Binance

The Jager unit was named after the Telegram handle of a Binance Community Manager at the time of its inception.

Joy Of Missing Out (JOMO)

Joy of missing out (JOMO) is a term that describes crypto enthusiasts who are happy they missed out on a plummeting coin or trade.

What is JOMO in Crypto?

JOMO is an acronym that stands for the “joy of missing out” and is the opposite of FOMO (Fear of missing out). ​​It is a term that is often used in the context of cryptocurrency to describe the feeling of contentment and satisfaction that one experiences when they are not participating in the frenzied buying and selling activity that is often associated with the cryptocurrency market. JOMO is relatively common due to the crypto market’s volatility, which can often lead to sharp price movements.

The value of cryptocurrencies can fluctuate dramatically over short periods of time, and there is often a great deal of hype and speculation surrounding various coins and projects. This can create a sense of FOMO among investors, who may feel pressure to buy into a particular coin or project in order to avoid missing out on potential gains.

On the other hand, investors who don’t invest in cryptocurrencies at all (often called “no-coiners”) experience JOMO whenever they see the crypto market fluctuate.

What Can Cause JOMO in Crypto?

The crypto market is often vulnerable to panic buying, especially with new coins or hyped projects. Over time, these spikes in interest lead to a market correction and dramatic price drops, such as when BTC dropped from ＄69,000 to ＄16,000 in the past year.

JOMO is the feeling of validation that users experience when they ignore the hype, and the subsequent fall, of a crypto trend. Investors that experience JOMO usually maintain a level head and make investment decisions based on their own research and analysis.

Jupiter

Jupiter is a Solana-based decentralized exchange aggregator that consolidates liquidity from multiple DEXs.

Jupiter: Solana DEX

Solana hosts a plethora of decentralized exchanges (DEXs) that use automated market makers (AMMs) and liquidity pools to provide users with direct asset swaps.

However, the liquidity conditions of tokens can vary wildly between different DEXs, requiring users to look through many different options in order to find the best price. This is where Jupiter comes in. Jupiter is a decentralized exchange aggregator on Solana.

Launched in 2021, the platform addresses the need for efficient liquidity aggregation for financial instruments in the decentralized finance (DeFi) space.

It connects users to various DEXs on the network, allowing them to interact with diverse financial options such as token swaps and perpetual futures through a single interface. Thus, Jupiter enables users to discover the “best rates” or “competitive trading prices” with minimal slippage from one interface.

What Can You Do on Jupiter Exchange?

Jupiter’s basic and most popular function is direct asset swaps, that is exchanging one cryptocurrency token for another. Besides offering direct asset swaps, Jupiter enables users to execute more sophisticated trades as well, such as limit orders, dollar-cost averaging (DCA), perpetual, and bridges.

・Limit orders – Jupiter offers a decentralized limit order feature that functions with a similar efficiency to centralized limit orders. This feature allows users to place buy or sell orders at specific price levels, allowing them to secure optimal prices and minimize slippage.

・Dollar-cost averaging (DCA) – Jupiter’s DCA feature allows users to automatically purchase a predetermined amount of tokens at specific time intervals.

・Perpetuals – Jupiter DEX also enables users to take long or short futures positions with a maximum leverage of up to 100x. Ideally, users can participate in the platform as liquidity providers or traders. The liquidity providers lock their funds in the perpetuals vault while the traders use these locked funds to trade on the platform.

・Bridges – Jupiter also functions as a bridge aggregator, where it assembles data from the supported bridges and determines optimal routes for a bridge transaction based on the existing conditions. In short, it helps users bridge tokens from EVM and non-EVM blockchains, lowering slippage and transaction fees for the optimal routes.

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