Jito Price in India (JTO)

Jito is a liquid staking and maximum extractable value (MEV) protocol for the Solana network. The protocol enables Solana users to easily participate in staking and helps decentralize the Solana network by spreading stake across the network.

Jito (JTO) network was founded by Lucas Bruder and Zanyar Sherwani in 2021.

1. The Jito network (JTO) operates within the Solana ecosystem.

2. The protocol operates as an open-source Solana validator client.

3. The Jito Network helps to reduce MEV issues within the mining and staking community. The term MEV originated as a way to describe how nodes and users manipulate the market slightly to improve returns.

4. The Jito Network is a non-custodial liquid stacking protocol.

Currently, the Jito Network is the largest liquid staking provider in the Solana ecosystem. A liquid staking protocol functions by issuing users a token that represents the value of the asset staked. 

This structure is popular because it enables users to continue to access additional DeFi (Decentralized Finance) options to increase returns while their original assets remain locked securing staking rewards.

If you are looking to buy JTO, you can check out third-party cryptocurrency exchanges like CoinSwitch.

1. Governance: JTO allows community members to have a direct impact on the decision-making and direction of the Jito network.

2. Staking: The staking rewards and MEV rewards from validators in the stake pool are redistributed to Jito Network’s treasury and JitoSOL, creating a positive flywheel.

3. Product: Contributing to the development and improvement of Jito’s product portfolio. 

4. Economics: Managing the DAO treasury and fees generated from JitoSOL.

• Easy to earn passive returns.

• Highly secure.

• DeFi flexibility.

• Comprehensive and rewarding staking experience on the Solana network.

• No staking option beyond liquid staking protocol.

• Has fewer validator nodes than competitors.

• Less decentralized.

• Competitor LST ecosystem network is richer than Jito’s.

1. You can invest and trade JTO for just ₹100.

2. Trade JTO at a nominal fee.

3. Easily manage your transactions and your portfolio.