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Jito Price

(JTO)

$0.545
-0.90%(1h)

1m5m15m1h8h1d1W
Jito (JTO) Live Price Chart

    Jito Live Price Data

    Jito is currently trading at 0.545, with a 24-hour trading volume of 62819.48. Over the past hour, the price of Jito changed by -0.18%, and over the past week, its value in dropped by -8.24%. The circulating supply of Jito is 500,100,788 JTO, with a market cap of 275280062.60089150270547222000 , down -0.18% in the last 24 hours. Jito is ranked #104 by market cap.

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    Note: This data is for reference only.
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    JTO(JTO) Profile

    altRank104
    rate--
    Expand
    $0.54
    $0.556

    ATH
    $5.60830938
    Price Change (1h)
    -0.90%
    Price Change (24h)
    -0.18%
    Price Change (7d)
    -8.24%
    Market Cap
    24h Volume
    Circulating Supply
    500,100,788
    Max Supply
    1B

    About Jito

    • What Is Jito (JTO) Crypto?

      The Jito ecosystem is designed to address Maximum Extractable Value (MEV) issues within the underlying blockchain, specifically solving MEV problems with the Jito-Solana validator client to enhance MEV extraction efficiency and improve rewards. Furthermore, the Jito ecosystem is focused on building a high-performance infrastructure for Solana and making liquid staking more accessible.

      JTO, the Jito Governance Token, has been airdropped to its users and aims to introduce more utility within the ecosystem. Jito allows users to stake Solana and earn MEV rewards through liquid staking.

      The Jito Foundation intends to empower community members to directly influence the decision-making and direction of the Jito Network through the introduction of JTO tokens. Through the Jito protocol, users can stake their Solana (SOL) to receive JitoSOL tokens, which can be traded or used as collateral, similar to Lido's staked ether (stETH) product. The protocol also aims to govern the decentralized autonomous organization (DAO) and treasury for the staking platform.

      As of December 2023, Jito enjoys a TVL of 6.4 million SOL, offers an APY of 6.96%, and has over 73,000 holders active on its platform. KuCoin listed Jito (JTO) for trading on our platform in December 2023.

    • How Does Jito Work?

      Jito (JTO) is a governance token introduced by the Jito Foundation to oversee and incentivize the development of the Solana-based liquid staking protocol. The token aims to simplify the governance of the Jito Network, with responsibilities including the establishment of fees for the JitoSOL staking pool, management of income, and administration of the DAO treasury.

      Jito opened an airdrop for users to claim 90 million of its JTO governance tokens, with the distribution based on the amount of JitoSOL liquid staking tokens held by addresses and lent to DeFi protocols, alongside rewards for validators and MEV searchers.

      Jito is one of the largest liquid staking protocols in the Solana ecosystem. It enjoys a TVL of over $453 million and is ranked as the second-largest DeFi protocol on the Solana network after Marinade Finance.

    • What Is Jito (JTO) Tokenomics?

      The Jito Foundation, responsible for driving the Jito Solana liquid staking protocol, issued its native governance token, JTO, with a total supply of 1 billion tokens. JTO aims to revolutionize governance within the Solana ecosystem by empowering community members and fostering a decentralized network.

      As part of its token distribution strategy, the Jito Foundation launched an airdrop campaign to distribute JTO tokens to the Solana community. The airdrop distribution included the allocation of 200 million JTO tokens, which accounts for 20% of the total token supply. These tokens are distributed as follows:

      1. Solana Validators: 100 million tokens are allocated to reward Solana validators for maintaining network security and performance.

      2. JitoSOL Holders: 50 million tokens are distributed as a reward to JitoSOL's early supporters within the Jito ecosystem.

      3. Users of Jito's MEV Services: 50 million tokens are allocated to users engaging with Jito's MEV services.

      These distribution mechanisms aim to incentivize and engage various participants within the Solana and Jito ecosystems, fostering a robust and participatory governance model.

    • How to Use JTO Token

      The Jito (JTO) token serves as the governance token for the Jito Network, a liquid staking protocol built on the Solana blockchain. As a governance token, JTO holders can participate in the decision-making processes that shape the future of the Jito Network. This includes voting on proposals, determining network parameters, and influencing the direction of the protocol's development.

      Jito also announced a massive JTO airdrop campaign to claim 90 million JTO tokens. The Jito airdrop has been designed to reward and involve the protocol's users, but notably excluded "whales," or major investors, favoring smaller and mid-size users, indicating a deliberate distribution strategy.

      You can also trade Jito token against other cryptos on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell JTO, or hold the token long-term if you believe in the future potential of the Jito liquid staking protocol. Remember to DYOR before making any new trading decision in the crypto market.

    FAQ

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    • How to Claim Jito Airdrop

    • How to Stake Solana on Jito

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