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).
