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Jito

Jito

JTO
#136
$0.4654Up 11.06 percent($0.05)

Key Stats

Market Cap$241.39MUp 11.06 percent
Volume (24h)$30.05M
Fully Diluted Value$465.47M
Vol/Mkt Cap (24h)12.45%
Total Supply1.00B JTO
Max Supply∞
Circulating Supply518.59M JTO
Launch Date2023-12-07
Built OnSOL
Token StandardSPL
Smart Contract Addressjtojto…9mCL
Decimal Places9

Jito Information

Websites
www.jito.networkWhitepaper
Industries
Governance

Jito Price Converter

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Latest Jito News

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Research Reports

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Owning All Three: Jito’s Stack Play - JTX and the Third Layer
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Owning All Three: Jito’s Stack Play - JTX and the Third Layer

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Jito Markets

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InstrumentExchangeBenchmark DataPrice24h Change
JitoUSDT logo
JTO-USDT
JTOUSDT
binance logobinance
AA
0.4640USDT
10.79%
JitoUSDT logo
JTO-USDT
JTO-USDT
okex logookex
A
0.4638USDT
10.77%
JitoUSDT logo
JTO-USDT
JTO_USDT
whitebit logowhitebit
BB
0.4637USDT
10.80%
JitoUSDT logo
JTO-USDT
JTOUSDT
bybit logobybit
A
0.4643USDT
10.92%
JitoTRY logo
JTO-TRY
JTOTRY
binance logobinance
AA
22.37TRY
10.85%

Jito Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
JTOSPLSOLjtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL2023-12-07

About Jito

Jito, initiated by the Jito Foundation, is a key governance project in the Solana blockchain ecosystem, offering the JTO governance token to facilitate community-centric decision-making. It is instrumental in enhancing Solana's network through initiatives like JitoSOL, a notable Liquid Staking Token, and a MEV network, which significantly contribute to the network's stake weight. The JTO token enables holders to participate in crucial network decisions, influencing its development and strategic direction, thereby adding value through its utility in governance, ecosystem development, and rewarding network contributors.

Frequently Asked Questions

Jito is a significant project within the Solana blockchain ecosystem, known for its governance token, JTO. The Jito Network, facilitated by the Jito Foundation, is primarily focused on enhancing the efficiency and effectiveness of blockchain operations within Solana. It includes initiatives like JitoSOL, a prominent Liquid Staking Token (LST), and a MEV (Maximal Extractable Value) network that contributes significantly to Solana's network-stake weight.

The Jito Foundation, a collective committed to the improvement and advancement of the Solana ecosystem, is the driving force behind Jito. It is led by independent Directors Matt Shaw and Glenn Kennedy, with support from FFP Corporate Services and Webslinger, an advisory firm. The foundation plays a crucial role in organizing and coordinating decisions from the Jito token holder community, aligning with the broader goals of enhancing the Solana network and staking economy.

Jito is used primarily for governance within the Jito Network. Holders of the JTO token can participate in key decision-making processes, influencing various aspects of the network such as fee settings for the JitoSOL stake pool, management of the treasury, and development of Jito’s protocols and products. Additionally, Jito tokens are involved in ecosystem development initiatives, investor support, and rewarding core contributors to the Jito Network.

The value of Jito lies in its integral role in the Solana ecosystem and its focus on community-driven governance. The network has achieved substantial growth, evident in the high Total Value Locked (TVL) in JitoSOL and its influence over a significant portion of the network-stake weight in Solana. The JTO token’s utility in governance and network development, along with its strategic distribution for community growth, ecosystem development, and rewarding contributors, underpins its value. Furthermore, the democratic and transparent approach of the Jito Foundation in decision-making adds to Jito’s credibility and potential for future growth within the blockchain space.