Jito Network Overview
Jito Network operates on the Solana Blockchain, featuring the JitoSOL liquid staking pool and the Maximal Extractable Value (MEV) product collection. These components play a crucial role in contributing to the Solana ecosystem.
What is Jito?
Jito Network, a protocol on the Solana Blockchain, facilitates liquidity and decentralized finance (DeFi) opportunities through the JitoSOL liquid staking pool. Users can exchange SOL for JitoSOL, earning rewards from staking and benefiting from transaction revenue associated with MEV extraction on Solana.
Maximal Extractable Value (MEV)
MEV, or maximal extractable value, represents profit opportunities based on the order of transaction execution. The Jito Foundation addresses MEV concerns by distributing profits fairly and enhancing transparency. An open-source validator client facilitates a competitive market for MEV extraction through auctions in each block, allowing investors to bid and collect current MEV.
JTO Coin Review
JTO coin serves as the governance token of the Jito Network. Holders influence decisions related to the JitoSOL liquid staking pool, StakeNet program parameters, JTO coin treasury management, and ongoing protocol and product development. With a limited supply of 1 billion units, the circulating supply at the time of writing is reported as 115 million units.
How to Buy JTO Coin?
JTO coin is available for trading on Binance, the world’s largest cryptocurrency exchange, in JTO/USDT, JTO/FDUSD, and JTO/TRY trading pairs.
Purchasing Process on Binance
- Create a Binance account.
- Transfer cryptocurrency or fiat money to your Binance account wallet.
- Access the JTO/USDT trading pair interface on Binance.
- In the limit tab, enter the desired amount to purchase.
- Complete the purchase with a Buy JTO order.