What is JTO?

_{What is JITO (JTO)?}

Jito is a liquid staking and MEV (Maximum Extractable Value) protocol on the Solana network.
That makes it easier for users to participate in staking and helps spread the stake across the network to increase decentralization.
Jito was one of the pioneers of bringing MEV into the mix with liquid staking on Solana.
Enables users to receive both staking returns and MEV returns from staked SOL tokens.
As one of Solana's major liquid staking protocols, Jito uses a stake pool model.
Users will receive JitoSol as an exchange when depositing Solana with Jito for staking on the chain.
Jito's ultimate goal is to create a mutually beneficial system.
Where anyone can benefit from the inefficiencies in the Solana ecosystem

_{Understanding MEW:}

MEV (Maximal Extractable Value) is an important concept in Jito that refers to the maximum value that can be extracted from the creation of a block.
In addition to the regular block rewards and gas fees, MEV is due to the management of transactions on the block, either adding, cutting or changing the order.
This is done through strategies such as arbitrage, overtaking and sandwich attacks.
Even if MEV is profitable for validators and searchers, it can also have negative effects such as higher fees and network congestion.

_{Native Blockchain:}

Jito is based on Solana-based liquid staking protocol

_{Founder/Date Founded:}

Jito was founded by Brian Yue, Matt Shaw and Glenn Kennedy. Jito Network was developed in 2023.

_{Objective/Use Case:}

Governance: JTO is used to vote on matters within the Jito network.
such as setting up JitoSol staking pool fees, realignment strategy, and product development

_{Liquid Staking:}

Users can stake SOL and get JitoSol back, providing liquidity while still earning returns.

_{MEV Yield:}

Jito distributes the profits earned from MEV to those who stake the token, resulting in higher returns than conventional staking.

_{Total supply/Limit or Unlimited:}

JTO has a total supply volume of 1 billion JTO.

_Source:

https://www.jito.network/ 

https://www.jito.network/docs/governance/constitution-of-the-jito-foundation/ 

https://coinmarketcap.com/currencies/jito/ 

https://trustwallet.com/blog/guides/beginners-guide-to-jto-token 

https://www.okx.com/learn/what-is-jito 

https://coinswitch.co/price/jito-price-in-india 

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