Introducing the latest addition to the crypto scene - Jito Labs, Inc., established in 2021 by Lucas Bruder and Zanyar Sherwani, with its headquarters based in Arlington, Virginia.Jito Labs operates cutting-edge Block Engines designed for simulating and processing specific trades. A 5% fee on all MEV rewards is charged by the Block Engine, deducted from the amount available to validators and stakers. Despite this fee, the MEV rewards contribute 100% incrementally to base staking and block rewards.For those interested in JTO Crypto, please note that the Binance trading start time for Jito (JTO), initially scheduled for 2023-12-07 16:00 (UTC), has been postponed to 2023-12-07 16:30 (UTC).#JTO #BTC #BinanceTournament $JTO $SOL $BTC

Jito (JTO) Airdrop commenced on Dec. 7, sending the token price flying up over 600%, according to Coinstats, peaked at $4.36, and corrected to $3.7 at press time. Jito Price Chart | Source: CoinstatsIn short, JTO is a governance token associated with the Jito Network, a significant contributor to the Solana ecosystem.To be eligible for the JTO token airdrop, participants must stake with Jito starting Nov. 25, 2023. Eligibility included platform users, such as validators, traders, and MEV searchers. The airdrop allocation is divided into different tiers based on engagement, with 80% going to stakers, 15% to validators, and 5% to MEV searchers.Once the airdrop goes live, eligible participants can claim their tokens on Jito’s website by connecting their wallet, after which Jito will transfer the earned tokens. It’s important to note that unclaimed tokens will be moved to the project’s treasury after 18 months.Binance exchange listed the token, announcing the trading will begin at 16:30 UTC.See Also: Tether Announces New Wallet-Freezing Policy, Is Your Wallet Safe?How JTO Runs On SolanaJTO token allows its holders to make key decisions that influence the future direction of the Jito Network, particularly within the Solana ecosystem. Such decisions could include setting fees for the JitoSOL stake pool, updating delegation strategies, managing the treasury of JTO tokens held by the DAO, and contributing to developing Jito’s protocols and products.Jito primarily enhances staking and validating on the Solana network. Traditional blockchains sometimes have incentives for stakers that can be detrimental to the entire chain, like spamming transactions to generate fees. Jito addresses this by creating a pool of SOL tokens, which it stakes and validates using its network. It converts SOL into JitoSOL, which represents SOL on the network, and passes back rewards to the users.The post Jito (JTO) Airdrop and Binance Listing Pushed Jito Token Price Over 600% appeared first on BitcoinWorld.#BinanceTournament #JTO $JTO $BTC