Is it worth participating in Jumper's new token offering after raising $52 million?

Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

Recently, the crypto market has seen a long-awaited rally in altcoins, reigniting interest in new token offerings. The most discussed new project is Jumper's JUMP token sale, which will officially open tonight at 9 PM on the Legion platform.

So, what exactly has Jumper done? What is its relationship with Li.Fi, which raised $52 million? What rules should be noted for this JUMP token offering? Odaily Planet Daily will clarify these points one by one.

From Cross-Chain Tools to On-Chain Financial Applications, What Has Jumper Done?

Jumper is a cross-chain trading application incubated by Li.Fi, primarily providing cross-chain transfer and token exchange services. After users select the assets to transfer and the target chain, Jumper compares different cross-chain bridges, DEXs, and their combination paths, displaying the expected amount, fees, and required time. For example, if a user wants to swap USDC from one chain to ETH on another chain, they can directly choose the cross-chain and exchange path without separately searching for cross-chain bridges and trading platforms on the target chain.

In addition to cross-chain transfers and token swaps, Jumper is expanding into four types of services: Jumper Earn aggregates yield opportunities across different chains, with deposits recently reaching $10 million; Jumper Advanced offers limit orders, TWAP, and dollar-cost averaging features; Jumper RWA provides a trading interface for tokenized stocks and other assets; and the planned Jumper Perps will aggregate multiple perpetual contract trading platforms. Jumper hopes that users will continue to trade or seek yield opportunities on the platform after completing cross-chain transfers.

According to Jumper, its cumulative trading volume has exceeded $41 billion, with over 100,000 monthly active users, holding more than 15% market share in cross-chain aggregator trading volume.

What Is the Relationship Between Jumper and Li.Fi?

Jumper's cross-chain capabilities come from Li.Fi, but the two serve different customers. Li.Fi integrates the liquidity of cross-chain bridges and DEXs, providing trading paths to wallets, trading platforms, etc.; Jumper turns this capability into an application that ordinary users can directly use. Users see quotes and arrival results on Jumper, while Li.Fi is responsible for finding the paths behind the scenes.

Previously, Jumper has developed as a product incubated by Li.Fi, and its financing has also occurred at the Li.Fi level. In December 2025, Li.Fi completed a $29 million Series A extension financing led by Multicoin Capital and CoinFund, with a total financing of approximately $52 million. Tonight's JUMP sale marks Jumper's first financing under its own name.

Jumper plans to split from Li.Fi and independently advance its products, team, and financing; Li.Fi will continue to operate its infrastructure business aimed at other applications. The two companies will still have technical ties in the future, but their business scopes will differ. Jumper's official statement indicates that this token sale aims to allow users, contributors, and investors to participate in its development through JUMP, but holding JUMP does not equate to holding equity in Li.Fi, nor does it grant token holders rights to Jumper's equity or income distribution.

Detailed Rules for the Token Offering

New Token Offering at a $75 Million Valuation, 50% Unlock at TGE

The JUMP token offering will open on September 29 at 9 PM Beijing time on the Jumper page of Legion, ending on October 2 at 9 PM. Other details are as follows:

• Subscription payment asset: USDC on the Ethereum network;
• Target fundraising / maximum fundraising: $2 million / $3 million;
• Token price / FDV: $0.075 / $75 million;
• Public sale share: 4% of total supply;
• Expected TGE: Q4 2026, specific date to be announced;
• Token unlock: 50% unlock at TGE, remaining 50% released over the next four months.

This JUMP offering is not first-come, first-served, nor does the amount of USDC subscribed guarantee a corresponding share of JUMP. Applicants (who meet the platform's identity verification and regional restrictions) need to submit applications within the sales window, and Legion will determine the final allocation based on eligibility, application status, and distribution process. If there are many applicants, the actual allocation may be less than the subscription amount; submitting an application does not guarantee allocation.

Additionally, existing Jumper XP and waitlist rankings are another rule that many old users are concerned about. Current disclosed information shows:

• The higher the Jumper XP level, the higher the priority;
• The top 500 on the waitlist have priority;
• The Republic reserves up to 5% of this Legion public sale quota for a lottery using Valor Points.

The above only indicates priority or lottery eligibility, does not guarantee allocation, and does not mean XP / waitlist directly converts into free JUMP. Approximately 33.33% of the token distribution is allocated to the community, but the distribution method, whether it will be airdropped, and how it will be linked to XP have not yet been finalized. Specific public sale allocation amounts and how community shares will be distributed still need to wait for subsequent results and announcements.

Registration Notes for the Legion Platform

The new token offering platform chosen by Jumper, Legion, allows mainland users to complete KYC verification using their passports.

Moreover, passing KYC does not guarantee participation in this sale or allocation. It is advisable to complete personal Legion profiles as much as possible and improve Legion Score; the higher the score, the more likely the allocation of new token shares will be. Ways to increase the score include the comprehensive influence of X accounts, the quality of GitHub accounts, and the number of active wallets. Additionally, this time, JUMP will also prioritize checking Jumper XP levels and whether the waitlist is among the top 500.

Opening Circulating Market Cap Only Needs to Exceed $150 Million to Break Even

This new token offering from Jumper may be worth participating in.

The altcoin market has improved significantly over the past two weeks compared to previous months, and discussions about Jumper's new token offering on X are also very high. A $75 million valuation is not considered high, and with a direct 50% unlock at TGE, the opening circulating market cap only needs to exceed $150 million to cover the new token offering costs. Given Jumper's cumulative trading volume of over $41 billion and a market share of over 15% in cross-chain aggregators, reaching this level at launch is not difficult.

Moreover, based on previous experiences participating in new token offerings on the Legion platform, a more realistic situation might be: failing the review and not obtaining new token shares, or receiving very low allocations. Users wishing to participate in tonight's new token offering are advised to improve their Legion Score as much as possible.