Buy Jito (JTO)
What is Jito?
Jito is a governance token for the Jito Network, which is designed to revolutionise liquid staking within the Solana ecosystem by integrating Maximum Extractable Value (MEV) rewards. It is geared towards empowering community members for decision-making within the network.
How does Jito work?
Jito operates as a liquid staking protocol on the Solana blockchain, utilising MEV technology to offer additional rewards to users. Users deposit SOL into the Jito stake pool, receiving JitoSOL. The pool delegates SOL to MEV-enabled validators who auction blockspace and redistribute MEV rewards to the pool, providing extra Annual Percentage Yield (APY) alongside traditional staking rewards.
What are the potential use cases for Jito?
Potential use cases for Jito include:
- Providing liquidity in DeFi protocols by acting as collateral or facilitating trading.
- Participating in lending and borrowing activities to earn interest and boost market liquidity.
- Engaging in MEV arbitrage, executing operations like atomic arbitrage, liquidations, and batching complex transactions.
Jito also sees applications in protocols like Renzo and partnerships with entities like Maple Finance for diverse DeFi solutions.
What is the history of Jito?
Jito was co-founded by Lucas Bruder and Zano Sherwani, with its origins in 2021 as a response to MEV opportunities on Solana. Significant milestones include the launch of Jito Labs' staking service in 2022 and the development of StakeNet in 2023 to decentralise stake pools. By 2024, Jito achieved a Total Value Locked (TVL) of over 12M SOL, marking its substantial growth. The protocol has seen technological evolution and market integration, becoming a prominent player in Solana's liquid staking ecosystem.
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Frequently Asked Questions (FAQs)
What is the current price of Jito (JTO)?
The Jito price is $5.482 AUD, representing a +2.63% from the day prior.
Where is the best place to buy Jito (JTO) in Australia?
The best place to buy Jito (JTO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Jito (JTO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Jito (JTO)?
The trading volume of Jito (JTO) is $130.6M AUD in the last 24hrs, representing a +2.63% from the day prior.
How can I buy Jito (JTO)?
Jito (JTO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Jito (JTO)?
The current market cap of Jito (JTO) is $1.5B AUD.
Can I convert Jito (JTO) to cash?
Yes - With Coinstash you can convert your Jito (JTO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Jito (JTO) are there?
The current circulating supply of Jito (JTO) is 276.2M.
Is Coinstash a safe place to buy Jito (JTO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Jito (JTO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.