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Project Research Dossier: Jumper (JUMP)

By Rida 💎

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Project Research Dossier: Jumper (JUMP) Author: Rida | Date: 27 September 2026 | Stage: Pre-TGE

1. Problem / Question Jumper already has real product usage. Does that traction, together with the planned token design and unlock schedule, support the public sale valuation of roughly $75M FDV, and what dilution risks should participants model?

2. Data & Evidence Project goal: Jumper started as a cross-chain bridge and swap aggregator and is expanding into a wider onchain finance super-app: swaps, bridging, yield, RWAs, advanced trading and, soon, perpetual futures. It reports more than $40B in lifetime volume and over 100K monthly active users, and is spinning out of LI.FI as a standalone company.

Token allocation (planned fixed supply of 1,000,000,000 JUMP, per published sale materials):

  • Community: 33.33% (333.3M) – TGE distribution and emissions not yet fully published
  • Investors: 26.07% (260.7M) – 0% at TGE; first major unlock after 12 months
  • Treasury: 21.90% (219.0M) – schedule to be confirmed in final terms
  • Team: 14.70% (147.0M) – 0% at TGE; 24-month cliff
  • Public sale: 4.00% (40.0M) – 50% at TGE, remaining 50% over 4 months

Valuation math (derived from the figures above): a $75M FDV on 1B tokens implies about $0.075 per token. The 4% public allocation therefore equals roughly $3M at sale price. At TGE, half of it (20M tokens, about 2% of supply, around $1.5M) becomes liquid. Excluding the community bucket, circulating supply at TGE would be only about 2% of total supply, which means FDV sits far above the initial circulating market cap.

3. Unlock & Dilution Model

  • TGE: 20M public tokens (2%) + any community distribution → low insider risk; community portion unknown
  • Months 1–4: remaining 20M public tokens, released linearly → low
  • Month 12+: investor unlocks begin (26.07% of supply) → high, largest overhang
  • Month 24+: team cliff ends (14.70% of supply) → high if released as a large cliff

Insider unlock risk is limited at launch because team and investor tokens are fully locked at TGE. However, investors and team together hold 40.77% of supply, so the 12 to 36 month window is where most dilution pressure sits. The biggest near-term unknown is the 33.33% community allocation: its TGE share and emission schedule are not yet public, so initial circulating supply must be rechecked once final terms are released.

4. Team Verification Verifiable: Jumper's connection to LI.FI and a live, usable product at jumper.xyz. Still to verify: the volume and user figures (company-reported, need on-chain or dashboard confirmation), named founders of the new company, audit reports for JUMP contracts, and token contract addresses, which are not yet published pre-TGE.

5. Interpretation Unlike most pre-TGE projects, Jumper has meaningful existing distribution, which is its strongest signal. Launch-day insider selling is structurally limited. The weaker points are the undefined community emissions, a large insider overhang from month 12, and token utility that is not yet finalised. Moving into perps and advanced trading also puts Jumper in direct competition with established players.

6. Key Risks

  • Dilution: investor and team unlocks from month 12 and month 24 (40.77% combined)
  • Transparency: community distribution and treasury schedules not yet fully defined
  • Execution: expanding from bridging into yield, RWAs and perps is a big product leap
  • Competition: crowded markets across swaps, yield aggregation and perpetuals
  • Token utility: final design still pending, so value capture for JUMP is unclear
  • Regulatory: perps and RWA products may face jurisdiction-specific legal limits

7. Conclusion Jumper is a stronger-than-average pre-TGE candidate thanks to real usage and locked insider tokens at launch. The key diligence question is whether future dilution and still-undefined JUMP utility justify a $75M sale FDV. Final TGE terms, especially community emissions and circulating supply, should be verified before forming conviction. Rating (optional): Neutral to cautiously positive, pending final tokenomics.

8. Disclosures No position. No compensation or incentives received from the project. This is research, not financial advice.

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