Jito Network is a protocol built on the Solana Blockchain, notable for its JitoSOL liquid staking pool and MEV (Maximal Extractable Value) products. Jito Network contributes significantly to the Solana ecosystem with its features. In this guide, you can find answers to many questions such as what Jito listed on Binance is and where and how to buy JTO coin.
Jito allows users to exchange their SOLs for JitoSOL, providing access to DeFi (Decentralized Finance) opportunities. By doing this transaction, users increase their liquidity and, in addition to the earnings from the staking process, they receive extra rewards.
JitoSOL stands out by offering users additional rewards from the revenues generated from MEV extraction operations on Solana. MEV refers to profit opportunities that can arise during the execution of certain transactions. The Jito Foundation aims to reduce the negative impacts of MEV, distribute profits fairly, and increase transparency.
JTO coin is the governance token of the Jito Network. JTO coin holders make decisions that shape the future of Jito Network and contribute to the protocol’s development. These decisions include setting the fees for the JitoSOL liquid staking pool, controlling the parameters of StakeNet programs, and managing the JTO coin treasury held by the DAO. At the time of writing, the circulating supply of JTO coin is reported to be 115 million, with the total supply limited to 1 billion.
JTO coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange. Starting from December 7, 2023, JTO coin will be traded on Binance with trading pairs JTO/USDT, JTO/FDUSD, and JTO/TRY. To purchase JTO coin, one must first become a member of Binance. After completing the membership process, cryptocurrency or fiat currency such as Turkish Lira should be transferred to the Binance wallet. Once the transfer is complete, JTO coin can be purchased through the specified three pairs.