DTF is fully managed by Jupiter. There are no external partners involved in the curation or launch process.
Why DTF exists
Token launches in crypto often lack transparency: unclear allocations, opaque vesting, and no guarantee of immediate liquidity. DTF addresses this by enforcing three things at the protocol level:- On-chain allocation locking. All tokens not sold during the launch are locked using Jup Lock, with vesting schedules enforced by the program.
- Immediate liquidity. A liquidity pool on Meteora is provisioned from a portion of the sale proceeds at Token Generation Event (TGE), so buyers have access to liquidity from day one.
- Curated launches only. Every project goes through a vetting process before being approved. Not every project that applies will launch on DTF.
How it works at a high level
Project selection
The Jupiter team evaluates the project’s market suitability, valuation, and commitment to transparency. Only projects deemed beneficial for the ecosystem are approved.
Launch configuration
The Jupiter team works with the project to define the launch structure: number of phases, pricing, vesting conditions, purchase limits, and eligibility criteria. These parameters vary per launch.
Token sale
The launch opens to buyers in one or more phases (e.g. whitelist, $JUP stakers, public). Each phase can have its own price, vesting schedule, and purchase limits.
What DTF does not do
- DTF does not guarantee any return or token price performance.
- DTF does not remove the inherent risks of participating in a token launch.
- Vesting schedules mean some or all purchased tokens may not be immediately available.
Key terms
| Term | Definition |
|---|---|
| DTF | Decentralized Token Formation. Jupiter’s curated token launch platform. |
| TGE | Token Generation Event. The moment the token is created on-chain and allocations are distributed or locked. |
| Jup Lock | Jupiter’s on-chain token locking program, used to enforce vesting schedules for non-sale allocations. |
| Phase | A distinct stage of a token sale (e.g. whitelist phase, staker phase, public phase). Each phase has its own parameters. |
| Vesting | A schedule that controls when purchased or allocated tokens become claimable. Enforced on-chain by the presale program. |
How a launch works
Detailed walkthrough of the launch process: phases, claiming, locking, and LP provisioning.
FAQ
Common questions about fees, eligibility, refunds, and risks.