Jito Price

(JTO)
USD($)
0X (ZRX) Live Price Chart

Jito Live Price Data

The live price of Jito is $2.06, with a total trading volume of $ 528,698 in the last 24 hours. The price of Jito changed by -3.99% in the past day, and its USD value has decreased by -4.79% over the last week. With a circulating supply of 117,197,247 JTO, the market cap of Jito is currently 244.18M USD, marking a --% increase today. Jito currently ranks #167 in market cap.
How do you feel about Jito today?
Note: This data is for reference only.
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Jito(JTO) Profile

altRank167
rate--
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Documentation
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Explorer
Contract
Solana jtojtome...mCL
Audited By
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Code & Community
Investors
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$2.03000
$2.18000
$4.38000
-0.55%
-3.99%
-4.79%
$244.18M 
$528,698 
117,197,247
1B

About JTO

How can I buy Jito (JTO)?

Buying JTO on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Jito (JTO) for more information.

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.

Jito (JTO) Price Movements ($)
PeriodChangeChange (%)
Today$-0.08632-4.02%
7 Days$-0.1039-4.79%
30 Days$0.144167.51%
3 Months$-0.52339-20.24%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Jito Conversion Rate
  • 1 JTO to USD$2.06
  • 1 JTO to EUR€1.9
  • 1 JTO to AUD$3.14
  • 1 JTO to KRW₩2,746.05
  • 1 JTO to JPY¥310.77
  • 1 JTO to GBP£1.62
  • 1 JTO to INR₨171.01
  • 1 JTO to IDRRp32,187.61
  • 1 JTO to CAD$2.78
  • 1 JTO to RUB₽192.46

FAQ

How much is 1 Jito (JTO) worth?
KuCoin provides real-time USD price updates for Jito (JTO). Jito price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time JTO to USD exchange rates.
Is Jito (JTO) a Good Investment?

Investing in Jito (JTO) offers several potential advantages, including:

Participate in Jito’s Decentralized Governance

$JTO serves as a governance token that empowers holders to participate in the network's decision-making processes. By holding JTO tokens, investors can influence Jito's treasury management and fee rates, providing a voice in the direction and evolution of the protocol.

Access to Jito Airdrop Rewards

Jito has rewarded past users with airdrops of JTO tokens. This strategy has incentivized early adopters and contributed to community engagement within the Jito ecosystem.

Jito’s Market Potential

The debut of JTO at a trading price of $1.20 and subsequent climb towards $2 on various Solana-based decentralized exchanges indicates market interest and potential for value appreciation. Furthermore, planned listings on more exchanges could indicate increased liquidity and exposure for the token.

What Is Jito Price Prediction?

While we cannot provide a reliable JTO crypto price prediction over any timeframe, you could monitor the following factors to gain a better understanding of the price action and volatility of Jito crypto:

Market Demand and Supply for JTO Token

The market demand for Jito (JTO) token can significantly affect the Jito crypto price. Factors such as increased interest from investors, the growth of the Jito Network ecosystem, and the adoption of the token for governance and utility purposes can drive up demand, leading to potential appreciation in the JTO to USD price.

Future Developments in the Jito Roadmap

Progress and milestones achieved by the Jito Network, such as the implementation of new features, upgrades to the protocol, and partnerships, can influence market sentiment and contribute to the Jito token price movements.

JTO Airdrops

Airdrops of Jito (JTO) tokens to existing users and community members can impact token supply and demand dynamics, potentially affecting the JTO token price in the market.

Level of Activity in the Solana Ecosystem

Being an integral part of the Solana ecosystem, developments within Solana, market trends, and ecosystem growth can indirectly influence the price of Jito (JTO) token.

Crypto Market Sentiment

Overall market sentiment, trends in the cryptocurrency market, regulatory developments, and investor sentiment towards DeFi and governance tokens can also impact the $JTO price.

How to Claim Jito Airdrop

Ensure tyou visit the Jito airdrop claim page and connect your Solana wallet. If you're eligible, you can claim free JTO tokens through the provided Jito airdrop claim tool.

To claim the Jito (JTO) airdrop, you can follow these steps:

1. Visit the official Jito Airdrop page.

2. Connect your Solana wallet to verify your eligibility for the airdrop.

3. Once verified, you can claim your airdrop allocation.

Additionally, you can stake $SOL to earn MEV-powered JitoSOL staking rewards. You can also follow Jito’s official social media channels and regularly check the page for the latest updates.

How to Stake Solana on Jito

Here’s how you can perform liquid staking of Solana (SOL) on Jito to earn staking rewards in JitoSOL:

1. Select a Solana-compatible crypto wallet that supports staking and token interaction. Examples include the Sollet wallet, the Solflare wallet, or other Solana ecosystem wallets that support staking.

2. Buy Solana on KuCoin or other supported platforms and transfer your tokens to your crypto wallet.

3. Visit the Jito Network platform and connect your wallet to its interface.

4. Click Stake Now to access the SOL staking interface on Jito.

5. Enter the number of SOL tokens you want to stake, check the number of JitoSOL you can receive for your staking efforts, and click Deposit SOL.

6. Confirm your transaction from your wallet, sit back, and earn JitoSOL tokens as rewards for staking $SOL on Jito.

What is the all-time high price of Jito (JTO)?
The all-time high price of Jito (JTO) is $4.38000. The current price of JTO is down 0.53% from its all-time high.
What is the all-time low price of Jito (JTO)?
The all-time low price of Jito (JTO) is $1.43000. The current price of JTO is up 0.44% from its all-time low.
How much Jito (JTO) is there in circulation?
As of 2 23, 2024, there is currently 117,197,247 JTO in circulation. JTO has a maximum supply of 1B.
What is the market cap of Jito (JTO)?
The current market cap of JTO is $244.18M. It is calculated by multiplying the current supply of JTO by its real-time market price of $244.18M.
How do I store Jito (JTO)?
You can securely store your Jito in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your JTO include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
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