What is Jito (JTO)

1. Project Introduction
Jito (JITO) is a decentralized finance (DeFi) platform on Solana, offering a liquid staking protocol that combines staking with Maximum Extractable Value (MEV) techniques. Jito allows community members to lock their Solana tokens in selected pools, earning yield through MEV activities. Each staker receives JitoSOL tokens, which represent their stake. As JitoSOL tokens grow proportionally to the staked Solana, holders also earn MEV rewards.
Summary: Jito’s MEV staking features have gained widespread attention within the Solana ecosystem, offering a unique opportunity for yield. However, with increasing regulatory scrutiny on MEV practices, investors should be cautious about JTO’s long-term value.
2. Team & Investment Info
Founder: Jito Labs was founded in 2021 by Lucas Bruder, a former Tesla employee with a background in robotics. After delving into MEV, Bruder realized the potential of creating a public MEV system. Jito Labs aims to simplify MEV for everyday investors, not just validators.
Funding: Jito Labs has raised $10 million from investors including Solana Ventures and Solana Labs co-founder Anatoly Yakovenko. The project's success also led to the formation of the Jito Foundation, a decentralized autonomous organization (DAO) that manages Jito Labs and its liquidity projects.
3. Social Media URLs
X: https://x.com/jito_sol
Telegram: https://t.me/+csIgnEQMCHhiYjVh
Discord : https://discord.com/invite/jito
4. Token Info
Token Symbol: JTO
Total Supply: 1,000,000,000
Token Type: SPL
Issuance/Burn Mechanism: Fixed supply
Contract Address: jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL
Token Distribution:
Ecosystem Development: 25%
Core Contributors: 24.5%
Community Growth: 24.3%
Investors: 16.2%
Airdrop: 10%
5. Related Links
Official Website: https://www.jito.network/
Other Info: https://www.jito.network/docs/jitosol/overview/