Nami Exchange officially lists Jito (JTO)

Dear Nami Community,

In order to expand the trading options to users and the community, Nami Exchange would like to announce the listing of Jito (JTO) with JTO/USDT, JTO/VNST and JTO/VNDC spot and swap trading pairs at 2023-12-08 07:00 (UTC).

Deposits and Withdrawals will open since listing time.

What is Jito (JTO)?

Jito Network is a major contributor to the Solana ecosystem through its JitoSOL liquid staking pool, and its collection of MEV products.

Users can exchange their SOL for JitoSOL. In return, holders maintain SOL’s liquidity and DeFi opportunities while earning yield from staking. JitoSOL uniquely provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana.

Maximum extractable value (MEV) describes profit opportunities attributable to the specific order of transaction execution. For example, a large swap on Orca can lower the pool’s price below that of Raydium or Serum. Traders will race to profit from that price difference and this arbitrage is considered MEV.

The Jito Foundation was created to minimize the negative impacts of MEV, equitably distribute the profits and increase transparency. Jito published an open source validator client designed to create a competitive market for MEV extraction. The client enables auctions within each block for the opportunity to capture that block’s MEV. Traders submit bids, and the highest bidders within each block can harvest available MEV.

JTO enables token holders to make key decisions to shape the future of Jito Network so that it continues to evolve and thrive in alignment with the needs of those it serves, and of the broader Solana ecosystem. These decisions and initiatives may include:

  • Setting fees of the JitoSOL stake pool
  • Updating delegation strategies by controlling parameters of the StakeNet programs
  • Managing the treasury of JTO tokens held by the DAO and fees generated from JitoSOL
  • Contributing to the ongoing development and improvement of Jito’s protocols and products

JTO Token Information

  • Name: Jito
  • Ticker: JTO
  • Blockchain: Solana
  • Circulating Supply: 115,000,000 JTO
  • Max Supply: 1,000,000,000 JTO
  • Smartcontract

Solana: jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL

More information:

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice.

About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 1,000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.

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