$JTO

JTO Coin, the governance token of Jito Network, is a liquid staking protocol based on the Solana blockchain. Below are some key information about JTO Coin:

• Project Introduction:

• Jito allows users to stake SOL (the native token of Solana) into Jito's staking pool and earn rewards in the form of JitoSOL tokens, while enjoying staking rewards and MEV (Maximum Extractable Value) rewards.

• Jito's goal is to leverage MEV to improve the efficiency, security, and decentralization of the Solana network.

• Token Function:

• The JTO token serves as the governance token of the Jito network, allowing holders to vote on key decisions regarding the future of the liquid staking protocol.

• The main functions of the JTO token include setting and modifying the fees of the JitoSOL staking pool, updating the authorization policies of StakeNet, contributing to the development and improvement of the Jito product portfolio, and managing the DAO treasury and fees generated by JitoSOL.

• Token Economic Model:

• The total supply of JTO tokens is 1 billion, with an initial circulating supply of 115 million and an initial floating supply of 582857143 million.

• In the token distribution, 100 million JTO will be airdropped to the Jito community, including JitoSOL holders, Solana validators running the Jito Solana MEV client, and users using Jito MEV services.

• Investors and Funding:

• Investors in Jito Labs include Solana Ventures and Solana Labs co-founder Anatoly Yakovenko. Jito raised $10 million in its Series A funding round in 2022, led by Multicoin Capital and Framework Ventures.

• Market Performance:

• The historical highest price of JTO Coin is $5.31, occurring on April 4, 2024.

• As of April 4, 2024, the fully diluted market capitalization of JTO is $3.541 billion.

• Trading Platforms:

• JTO Coin has been listed on multiple exchanges including Coinbase, Binance, WEEX, and others.

• Community and Distribution:

• The Jito community is quite authentic, the project is quite popular, and the main users of the community are distributed in Vietnam, Japan, and South Korea.