Solscan Adjusts Jupiter Platform Fee Address Name to Clear Confusion
Publication Time:2024-08-12 10:51:06
Blockchain news outlet Golden Finance reports that Solscan has issued a statement regarding the adjustment of a particular address designation. The address was initially labeled as “Jupiter Platform Fee”, but has now been officially renamed to “Partner Referral Fee Account”. This modification comes after it was clarified that the Jupiter platform itself does not charge any fees for transactions conducted through Jup.ag. Instead, the address was established to facilitate payments for partners, such as wallet services or trading platforms, derived from the referral fees generated by users on their platforms using Jupiter Swaps. By renaming the address, Solscan aims to further clarify this mechanism and reduce confusion among users.
Solscan
Jupiter Platform Fee
Partner Referral Fee Account
Address Renaming
Clearing Confusion