Step-by-Step Guide to Pre-Market Selling
- Checking Your JUP Allocation
To start, verify your JUP allocation. You can use platforms like Asset Dash, where connecting your wallets reveals your total allocation. Alternatively, you can directly visit the airdrop site, connect your wallet, and view your allocation there. https://airdrop.jup.ag/ - Navigating to Whales Market
Whales Market is an over-the-counter trading platform for Solana and Ethereum tokens. It’s vital to ensure you’re using the legitimate site by verifying through their official Twitter and following secure links. Or just follow the link to Whales Market here. - Creating a Selling Offer
After connecting your wallet to the app, proceed to ‘Create Offer.’ Ensure you are in the correct wallet and select the premarket option. Decide on your selling price per token and the quantity to sell. Based on my experience, I suggest considering selling a small portion, like 10% of your allocation, to mitigate risks. - Pricing and Collateral Considerations
Calculate the total amount you aim to receive for your tokens. Remember, you’ll need to deposit collateral equal to the sale amount to commit to the sale. This step is crucial to ensure the integrity of the transaction. - Finalizing Your Offer
Confirm and deposit the necessary collateral after setting your offer. I managed to sell about 600 JUP tokens, fetching between $0.65 and $0.8 each. This was only 10% of my total allocation, aligning with a cautious yet profitable strategy. - Post-Drop Commitments
Once the tokens are released, you will be prompted to deposit your JUP. Failing to do so results in the forfeiture of your collateral. This mechanism ensures that both the seller and buyer honor their commitments.
Conclusion
The sale of JUP tokens in the pre-market phase is an excellent opportunity for investors to secure profits ahead of the official launch. The process, as outlined by Razza in his YouTube tutorial, provides a clear roadmap for safely and effectively conducting these transactions. It’s important to balance the desire for immediate profits with the potential long-term growth of the token. As always in the crypto world, a mix of vigilance, informed decision-making, and risk management is key to success.
