Jito Network is a protocol built on the Solana blockchain. The protocol stands out for its JitoSOL liquid staking pool and Maximum Extractable Value (MEV) product. Jito Network has made a significant contribution to the Solana ecosystem with the features it provides. In this guide, you can find answers to many questions, such as what is Jito listed on Binance, and where and how to buy JTO coins.
What is Gildong? #jito
Jito provides users who want to access decentralized finance (DeFi) opportunities with the ability to exchange SOL for JitoSOL. Users who increase liquidity through this process will receive additional rewards in addition to the benefits from the staking process.
What makes JitoSOL stand out is that it offers users the added bonus of revenue generated by MEV extraction operations on Solana. MEV refers to profit opportunities that may arise during the execution of certain trades. For example, a large swap pool on Orca may drive down the price of Raydium or Serum, and investors can compete to take advantage of this price difference.
The Jito Foundation's goal is to minimize the negative impact of MEV, distribute profits fairly, and increase transparency. Jito aims to create a competitive market for MEV extraction by releasing an open source validator client. Clients conduct auctions to obtain MEV in each block, and investors can bid in these auctions to collect available MEV.
JTO coin is the governance token of the Jito Network. JTO token holders make decisions to shape the future of the Jito Network and contribute to the development of the protocol. These decisions include determining the fees for the JitoSOL liquid staking pool, controlling the parameters of the StakeNet program, and managing the JTO token treasury held by the DAO. At the time of writing this guide, the circulation of JTO coins is reported to be 115 million, with a total issuance limit of 1 billion.
Where can I buy JTO coins? #JTO
JTO Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Starting December 7, 2023, JTO Coin will be available for trading on Binance through JTO/USDT, JTO/FDUSD, and JTO/TRY trading pairs.
To buy JTO Coin, you first need to become a Binance member. Once you complete the membership process, you need to transfer cryptocurrencies or fiat currencies such as Turkish Lira to your Binance wallet. Once the transfer is complete, you can buy JTO Coin on the three pairs mentioned above.
To purchase the JTO/USDT trading pair, you need to enter the interface of the trading pair. After entering the amount to be purchased in the Limit tab of the trading pair interface, complete the purchase by placing a buy JTO order.
