Jito (JTO) Current Market Overview
Latest Price: $2.06
24-Hour Trading Volume: $19,185,129
Price Change (24h): -6.37%
Circulating Supply: 345 million JTO
Max Supply: 1 billion JTO
Total Supply: 1 billion JTO
Circulation Rate: 34.46%
Market Cap: $710,397,253
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What Is Jito Token (JTO)?
Jito is Solana’s only liquid staking service that distributes MEV (Maximal Extractable Value) rewards to holders. Users stake Solana (SOL) to receive liquid staking tokens (JitoSOL), while JTO serves as the governance token for the Jito Network.
How Does JTO Work?
- Governance: JTO holders vote on critical decisions like fee structures, delegation strategies, and protocol upgrades.
- StakeNet Integration: Controls parameters for Solana’s StakeNet program.
- DAO Treasury: Manages fees generated by JitoSOL and funds ecosystem development.
How to Claim JTO Tokens
1. For JitoSOL Users
Eligible users could claim JTO starting December 7, 2023, via Jito’s official airdrop portal.
2. For Validators & MEV Searchers
- Use the open-source CLI (GitHub link) to claim unlocked/locked tokens.
- 50% unlocked at genesis, remaining 50% linearly vested over 12 months.
JTO Token Distribution
Total Supply: 1,000,000,000 JTO
Initial Circulating Supply: 115,000,000 JTO
| Allocation Category | Percentage | Tokens | Purpose |
|---|---|---|---|
| Community Growth | 34.3% | 342,857,143 JTO | Grants, DAO-managed initiatives |
| Airdrop | 10% | 100,000,000 JTO | Rewards for early contributors |
| Ecosystem Development | 25% | 250,000,000 JTO | Funding for Solana/LST innovation |
| Investors | 16.2% | 162,142,857 JTO | 3-year lockup + 1-year linear vest |
| Core Contributors | 24.5% | 245,000,000 JTO | Team incentives, 3-year vesting |
Jito Network Social Links
- Twitter: @jito_sol
- Discord: Join Community
- Telegram: Official Group
Contract Address (Solana): jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL
👉 Explore JTO’s potential on OKX
FAQ
1. What is JitoSOL?
JitoSOL is a liquid staking token representing staked SOL in the Jito pool, enabling users to earn MEV rewards while maintaining liquidity.
2. How is MEV distributed to JTO holders?
MEV rewards are shared via JitoSOL staking yields and governed by JTO token votes.
3. Can I trade JTO tokens immediately after claiming?
Yes, but 50% of airdropped tokens are locked and vested monthly over 12 months.
4. Where can I stake JTO for governance?
Via Jito’s Realms DAO platform or supported Solana wallets like Phantom.
5. What’s Jito’s long-term vision?
To become Solana’s leading LST protocol with decentralized governance and MEV democratization.
6. Is JTO a good investment?
While volatile, JTO’s utility in Solana’s DeFi ecosystem and MEV rewards make it a high-potential governance asset.
Disclaimer: Cryptocurrency investments carry risks. Research thoroughly before participating.