Jito
About Jito
Jito Network is significantly contributing to the Solana ecosystem with its JitoSOL liquid staking pool, and a wide array of MEV (Maximum Extractable Value) products. Users can convert their SOL (native token on the Solana network) into JitoSOL maintaining liquidity and gaining returns from staking. Additionally, JitoSOL rewards its holders with income from transaction fees generated from MEV on the Solana blockchain. The Jito Foundation was established to reduce the negative effects of MEV, distribute the profits equitably and increase transparency.
In the last hour, Jito's price has seen a change of +0.87%, and over the past 24 hours, its price has moved by -0.39%. Over the previous week, Jito's price has moved by +16.44%. The current price of Jito is AED 1.8695, accompanied by a trading volume of 147.6M in the last day. Jito's price is currently 90.92% below its all-time high of AED 20.60, which remains the highest price Jito has achieved since its launch. The circulating supply of Jito stands at 524.1M, translating to a total market capitalization of 979.9M.
Market stats
Frequently asked questions
What is the Jito Protocol？
Jito and its trading token (JTO) are a Solana-based liquidity storage protocol that allows users to exchange Solana tokens (SOL) for Jito SOL tokens, which can be used in decentralized finance (DeFi), as well as holding native JTO tokens for governance and participation in the Jito Decentralized Autonomous Organization (DAO). The Jito Protocol is designed to improve the efficiency and security of the staking system on the Solana network. Users can deposit their SOL tokens and receive Jito SOL tokens that represent ownership and staking rewards. These Jeto SOL tokens can be used for various activities within Solana’s decentralized finance ecosystem, such as lending, liquidity farming, and more. Meanwhile, the native JTO token is used for protocol governance through the Jeto Decentralized Autonomous Organization (DAO), as well as to incentivize validators. Consequently, Jito enables SOL token holders to increase liquidity and participate in network governance, in addition to offering more transparent revenue potential.
How does the Jito protocol work?
Jito improves the efficiency of the Solana network by integrating a specialized validator system with a decentralized market for extracting maximum extractable value (MEV) from transactions. It uses the Jito-Solana Client and Relayers to filter transactions and reduce congestion caused by trading bots. The Jito Block Engine aggregates transactions into bundles and conducts off-chain auctions to select the highest-value bundles before passing them to validators for final execution. Additionally, Jito provides a liquidity staking service via JitoSOL tokens, where users deposit SOL tokens to receive JitoSOL tokens in exchange, representing the value of their staked stake. Returns come from traditional staking rewards as well as a portion of MEV fees, with the ability to use JitoSOL for trading and decentralized finance applications without unstaking.
How do you buy JTO on Rain?
Buying JTO on Rain involves a few simple steps:
- Ensure you have funds in your fiat account or add your card in the payment methods section.
- Click “Trade” and select “Buy”.
- Select the cryptocurrency you wish to buy.
- Enter the amount you wish to buy in your preferred currency.
- Choose your payment method, either using a bank card or the cash balance in your fiat wallet.
- Click “Next” to review your transaction details.
- Click “Buy Now” to complete the purchase.
At Rain, we use cold storage to keep the majority of our clients’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
Risks and considerations
Before buying JTO, it is important to understand the associated risks:
• Price volatility risk: The currency may be subject to sharp price fluctuations.
• Dependency risk: The currency’s value is heavily dependent on the Solana network, and any changes to Solana may affect its value.
• Liquidity risk: Liquidity may affect the currency’s price movements.
• Legislative and regulatory risks: legislation and regulations may affect the coin’s future and growth.
• Security risks: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not purchase JTO based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project’s vision, and your risk tolerance before making any decision.
What blockchain does Jito use?
The Jito protocol was developed on the Solana blockchain as an SPL token.
What are JitoSOL tokens?
They are tradable tokens you receive when staking SOL, which continuously earn staking and MEV rewards.
What is the JTO supply?
The maximum supply is permanently capped at 1 billion tokens.
How to invest in Jito?
Rain offers you a number of ways to start investing in Jito, including buying Jito through bank transfers or by using your bank card. To purchase Jito on Rain, you can select Jito in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Jito with card?
Once you add your bank card to your Rain account, you can use it to buy Jito directly. You can start by adding your card to your payment options on your Rain account. To purchase Jito using your bank card, you can select Jito, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Jito through bank deposit?
Rain enables you to buy Jito using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Jito. To do that, you can select Jito in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Jito?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Jito successfully:
On your Rain account, select Jito then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Jito into cash?
Rain gives you the opportunity to sell Jito and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Jito and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Jito?
If you would like to receive Jito in your Rain account, simply click on Receive and select Jito from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Jito to avoid possible loss of funds.
How to send Jito?
You can easily send your Jito from your Rain account to any external wallet by clicking on Send and selecting Jito from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Jito with Rain?
When you buy Jito with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Jito on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Jito wallet?
A Jito wallet is where you can securely store Jito. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Jito address?
A Jito address is a string of unique characters that is tied to your Jito wallet. The address functions just like a bank account number and it is what you use in order to send Jito from your wallet, or to receive Jito to your wallet.
What trading pairs available for Jito?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Jito with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Jito with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Jito?
You can trade Jito with any amount above $30 or equivalent in your account's currency. You can start trading Jito now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Jito?
Besides Jito, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Jito built on?
Jito is built on the SOL blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Jito safe?
To keep your Jito safe, make sure to use trusted wallets that support SOL. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Jito be in next 5 years?
Price predictions for Jito over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Jito taxable?
Trading Jito may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Jito's ATH?
Jito’s all-time high (ATH) was AED 20.60 on 07 Dec 2023. This represents the highest recorded market price of the asset to date.
What is the market cap of Jito?
With a market capitalization of 979.9M, Jito is ranked 111 among other crypto assets.
What is the all-time high of Jito?
The highest valuation of Jito since its launch was at AED 20.60, marking its all-time high.
What is the 24-hour trading volume of Jito?
The trading activity of Jito over the last 24 hours was at 147.6M, highlighting its liquidity in the market.
How many Jito are there in circulation?
There are approximately 524.1M units of Jito currently in circulation, affecting its market dynamics.
What is the relative popularity of Jito?
Jito market cap is around 979.9M.
When was Jito created?
Jito was introduced on 06 Dec 2023.
Website