WHAT IS (JTO)?
Jito (JTO) is a governance token associated with the Jito Network, a liquid staking and Maximum Extractable Value (MEV) protocol built on the Solana blockchain. The Jito Network enables Solana users to stake their SOL tokens in exchange for JitoSOL tokens, which provide liquidity and capture both staking rewards and transaction revenue collected via MEV extraction on Solana.
Key Features of Jito and JTO:
- Liquid Staking: Users can stake SOL tokens and receive JitoSOL in return, allowing them to earn staking rewards while maintaining liquidity.
- MEV Capture: JitoSOL tokens capture additional revenue from MEV, enhancing staking returns.
- Governance: JTO tokens grant holders the ability to participate in governance decisions, including proposals related to stake pool fees, treasury management, and delegation strategies.
Market Information:
- Current Price: Approximately $3.23 per JTO.
- Market Capitalization: Around $896 million.
- 24-Hour Trading Volume: Approximately $56 million.
- Circulating Supply: About 278 million JTO tokens.
Where to Trade JTO:
JTO tokens are available for trading on several centralized cryptocurrency exchanges, including:
- Coinbase Exchange: Offers the JTO/USD trading pair.
- Gate.io: Provides the JTO/USDT trading pair.
- WhiteBIT: Supports the JTO/USDT trading pair.
Considerations:
As with any cryptocurrency investment, it's essential to conduct thorough research and assess the associated risks before participating in staking or trading JTO tokens.
Note: Cryptocurrency markets are highly volatile, and the information provided here may change rapidly. Always refer to official sources and real-time data before making investment decisions.
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