How to Buy Jito Coin?

You can also read this news on COINTURK NEWS: How to Buy Jito Coin?

Jito Network is a protocol built on the Solana Blockchain. The protocol stands out by offering the JitoSOL liquid staking pool and a collection of Maximum Extractable Value (MEV) products. Jito Network makes significant contributions to the Solana ecosystem with its offerings. In this guide, you will find answers to many curious questions, such as what Jito is, where to buy JTO coin, and how to acquire it, as it was recently listed on Binance.

What Is Jito?

Jito offers users looking to access decentralized finance (DeFi) opportunities the ability to swap their SOL for JitoSOL. By increasing their liquidity in this process, users not only earn rewards from staking but also receive additional bonuses.

JitoSOL stands out for its ability to provide users with additional rewards derived from MEV extraction on Solana. MEV refers to profit opportunities that can arise during specific transaction executions. For example, a large swap pool on Orca could lower prices compared to Raydium or Serum, creating opportunities for investors to compete and profit from these price differences.

The Jito Foundation was established to minimize the negative impacts of MEV, ensure fair profit distribution, and enhance transparency. Jito aims to create a competitive market for MEV extraction by releasing an open-source validator client. The client conducts auctions within each block, offering opportunities to capture the MEV of that block. Investors can bid in these auctions, and the highest bidders collect the existing MEV.

JTO coin is the governance token of Jito Network. JTO coin holders participate in shaping the future of Jito Network and contribute to the development of the protocol. Key decisions include setting fees for the JitoSOL liquid staking pool, managing StakeNet program parameters, and overseeing the treasury of JTO coins held by the DAO. The total supply of JTO coins is capped at 1 billion, with 115 million in circulation as of the time this guide was prepared.

Where to Buy JTO Coin?

To purchase JTO coin, you first need to register on the Binance exchange if you don’t already have an account. Once the registration process is complete, you should transfer fiat currency, such as Turkish lira, or cryptocurrency to your Binance wallet. After the transfer is complete, you can purchase JTO coin in any of the three trading pairs mentioned above.

To buy JTO coin using the JTO/USDT trading pair, first navigate to the interface of this trading pair. Enter the desired amount in the designated field under the limit tab of the interface. Once the amount is entered, the purchase is finalized by placing a Buy JTO order.

The post How to Buy Jito Coin? appeared first on COINTURK NEWS.