Jumper to launch JUMP token sale on Legion September 29

Jumper is preparing to launch its JUMP token sale on Legion next week as the crosschain trading app pushes beyond bridging and swaps into a broader suite of onchain financial products. The sale will open September 29 at 1:00 PM UTC and run through October 2 at 1:00 PM UTC. Eligible participants will be able to submit pledges through Legion, although doing so will not guarantee an allocation. The sale marks the first time Jumper has raised capital independently. The company is also becoming an independent business as it seeks to position itself as what it calls a “super-app for onchain finance.” Unlike many crypto projects that divide ownership between equity investors and token holders, Jumper says there will be no separate Jumper equity. JUMP is intended to be the asset through which users, contributors and investors participate in the platform’s growth. The fundraising comes after Jumper built much of its existing business around crosschain trading. The platform has processed more than $40 billion in lifetime volume and serves more than 100,000 monthly active users, according to the company. Jumper is now trying to expand that distribution into other areas of onchain finance. Alo...