Jito (JTO) crypto asset is now listed on INDODAX on the Solana network.

Interested in Jito (JTO) and how to buy it? Learn more before investing by reading below!

About Jito (JTO) 

Jito offers a liquid staking service for Solana that allocates maximum extractable value (MEV) rewards to participants. Users can stake their SOL through the Jito Stake Pool and receive JitoSOL tokens in return. These tokens offer liquidity while allowing holders to earn staking and MEV rewards. Jito aims to maximize yield for JitoSOL holders and improve the Solana network.

For more information, visit the official website of Jito (JTO) at https://www.jito.network/

Challenges, Opportunities, and Utilities

Jito introduced a solution involving an auction system where traders bid for transaction sequences they believe are profitable to address the network congestion problem on Solana caused by traders attempting to capture MEV by resending transactions multiple times. A block engine selects the highest-value combination of transactions, and the proceeds from these auctions are shared with stakers through JitoSOL. This mechanism reduces the incentive for spam while boosting rewards for stakers.

JTO differentiates itself from other protocols in a few different ways. 

• Offering a liquid staking service for Solana by distributing MEV rewards to participants. 
• The offered JitoSOL tokens provide liquidity while allowing holders to earn staking and MEV rewards. 
• Aiming to maximize returns for JitoSOL holders and improve the Solana network. 
• Introducing an auction-based transaction solution to address network congestion issues on Solana caused by MEV capturing.

JTO token which serves as the network’s governance token. JTO holders can propose and participate in voting on Jito Improvement Proposals.

Investor of Jito (JTO) 

With fundraising of $10,000,000.00, JTO is backed by investors and venture capitals such as Multichain Capital, Delphi Ventures, Framework Ventures, Solana Ventures.

Crypto Asset Ranking Information

As of August 12, 2024, the CoinMarketCap ranking of Jito (JTO)  is #144, with a market cap of USD 321,157,603. It has a circulating supply of 124,526,076 JTO and a maximum supply of 1,000,000,000 JTO.

How to Buy Jito (JTO) on INDODAX 

Now that you’ve discovered more about Jito (JTO) , you can start investing in Jito (JTO)  easily and securely on INDODAX. 

You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.

To buy Jito (JTO)  crypto asset on INDODAX, follow the steps below:

1. Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
2. Then, deposit by reading how to make a deposit below
3. After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
4. Search for JTO in the IDR market, and click to visit the crypto asset page
5. On the crypto asset page, enter the balance and desired JTO purchase price, or buy instantly at the current price
6. Next, you should wait for the price to increase for some time
7. Once the price increases, your assets can be sold at a higher price with the Instant method
8. If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number

INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.

Let’s invest in Jito (JTO) on INDODAX now!