Buy Jito

Jito is a DeFi platform on the Solana blockchain. It offers a solution to a major problem in the crypto space: the lack of liquidity in staking. Staking means locking up cryptocurrency for a certain period of time, which limits its usability. Jito solves this by offering liquid staking. Users can keep using their crypto while receiving staking rewards.

Jito operates on a staking pool model. When users stake their Solana tokens (SOL) via Jito, they receive JitoSOL in return – a synthetic token representing the staked crypto. JitoSOL remains freely tradable and usable in other DeFi protocols. This way, users maintain access to their capital while still benefiting from staking rewards.

A unique aspect of Jito is the use of Maximum Extractable Value (MEV). MEV allows validators to extract additional value from blockchain transactions by strategically ordering transactions. Jito uses advanced algorithms to optimize this process allowing users to earn additional returns from MEV in addition to regular staking rewards.

Jito users thus benefit from dual rewards: staking rewards and MEV rewards. Furthermore, JitoSOL provides additional liquidity, allowing users to trade their staked crypto or use it in other DeFi protocols without having to wait for their stake to unlock. This process of reusing staking tokens to optimize rewards is called yield farming.

In addition to liquid staking, Jito also offers a crypto lending and borrowing protocol, allowing users to lend or borrow their JitoSOL, SOL, and JTO tokens. Jito also has liquidity pools in partnership with other platforms, where users can stake and earn rewards.

The JTO token plays a central role in the Jito ecosystem. JTO holders have voting rights in the Jito DAO (Decentralized Autonomous Organization). This allows the community to decide on important protocol changes and future developments. JTO also offers other benefits such as access to exclusive events, airdrops, and potential future rewards.

Who founded Jito?

Jito was founded in 2021 by Lucas Bruder, a former engineer at Tesla. Bruder saw the potential of MEV and wanted to create an accessible platform that would make MEV available to a wide audience. The project is backed by Solana Ventures and Solana Labs and has received significant funding from several investors.

Jito offers several features for both novice and advanced crypto traders:

• Staking crypto for liquid staking: You can stake your crypto assets for staking and continue using them at the same time, while receiving rewards.
• Earn MEV rewards: You benefit from additional returns by automatically and strategically ordering blockchain transactions via the MEV engine.
• Borrowing and lending crypto: Use your JitoSOL, SOL and JTO tokens as collateral for loans or to generate returns by lending them out.
• DeFi integration: You can use JitoSOL in various DeFi applications, such as liquidity pools and lending platforms.
• Governance: As a JTO token holder, you can participate in decision-making within the Jito DAO and thus influence the future of the platform.

The process begins with staking Solana (SOL) tokens on the Jito platform. Jito combines these tokens into a large pool and delegates them to validators responsible for securing the Solana network. In return, users receive JitoSOL tokens. These tokens represent their stake and remain tradable and usable in other DeFi applications, maintaining liquidity.

Maximum Extractable Value (MEV)

Maximum Extractable Value (MEV) plays a crucial role in Jito’s operation. MEV refers to the ability to extract additional value from blockchain transactions by strategically ordering them. Validators can choose the order of transactions to maximize their profit. Jito uses an advanced engine, the Jito Block Engine, that analyzes and reorders transactions to maximize MEV. As a result, stakers receive additional rewards on top of the regular staking rewards.

The Jito Block Engine

The Jito Block Engine is the heart of Jito’s MEV capabilities. This engine acts as an advanced and lightning-fast trading system with access to on-chain data. It analyzes transactions and strategically orders them to exploit volatile arbitrage opportunities and front-running potential. In this way, the engine generates additional returns for Jito users.

Staking and rewards

When users stake their SOL via Jito, these tokens are delegated to validators within the Solana Network. In return, users receive regular staking rewards. Additionally, the Jito Block Engine provides additional MEV yield, meaning users receive double the rewards: both the regular staking rewards and additional MEV yields.

JitoSOL tokens that users receive in exchange for their staked Solana will remain freely tradable and usable within other DeFi applications. This means that users are not bound by the typical restrictions of staking and can access their capital when they need it. JitoSOL can be used in various DeFi strategies such as liquidity pools, lending platforms, and other yield-generating applications.

The JTO token fulfills several roles within the Jito ecosystem. It is a governance token, meaning that holders have voting rights within the Jito DAO (Decentralized Autonomous Organization). These voting rights allow participants to decide on important protocol changes and future developments. In addition, JTO offers additional benefits, such as access to exclusive events, airdrops, and possibly future special staking pools with higher rewards.

The maximum supply of JTO tokens is set at 1 billion. These tokens are distributed across different categories: 25% for ecosystem development, 24.5% for key contributors, 24.3% for community growth and development, 16.2% for investors, and 10% for airdrops. JTO holders not only benefit from voting rights, but also from a share of the MEV profit generated by the Jito Block Engine.

Staking JTO is simple and offers additional benefits to users. You need to hold your JTO tokens in a compatible wallet that supports staking, so that you can then connect your wallet to the Jito platform and select the option to stake your JTO. Staking your JTO allows you to participate in decision-making within the Jito DAO and benefit from potential additional rewards.

Users can receive rewards in the form of additional JTO tokens or increased staking rewards for their JitoSOL. Staking JTO tokens strengthens community engagement and offers financial benefits, making it an attractive option for both new and experienced crypto traders.

Jito is an attractive platform for both beginners and advanced crypto traders, thanks to these unique features:

• Liquid staking: With JitoSOL tokens, users maintain liquidity while earning staking rewards. The tokens remain tradable and usable in other DeFi protocols.
• MEV techniques: Jito uses advanced Maximum Extractable Value (MEV) techniques to generate additional yield from blockchain transactions. This results in higher rewards for stakers.
• Jito Block Engine: This smart engine analyzes and reorders transactions to maximize MEV, generating additional profits for users.
• Product diversity: In addition to liquid staking, Jito offers crypto lending and borrowing options, as well as liquidity pool participation. This gives users multiple ways to generate returns.
• Robust support: Jito is backed by experienced founders and investors such as Solana Ventures, which adds trust and stability to the project.

You can buy Jito (JTO) using the Bitvavo platform which is suitable for both novice and experienced traders. Simply follow these steps to buy JTO tokens via our website and app:

1. Log in to your Bitvavo account or create a new account.
2. Add funds to your account by clicking "Deposit".
3. Go to the Jito (JTO) purchase page.
4. Enter the amount in euros you want to spend or the number of JTO tokens you wish to purchase and click "Buy".

After purchase, your JTO tokens will be automatically added to your Bitvavo account, where you can easily manage and trade them. Selling JTO tokens is just as easy, allowing you to quickly respond to market and price changes.

You can safely store your JTO tokens in your Bitvavo account. Bitvavo keeps the majority of the assets in cold storage, which means they are stored offline for extra security. We also advise enabling two-factor authentication (2FA) for an extra layer of security for your account.

Many software and hardware wallets support JTO. After purchase, you can easily transfer your JTO tokens to an external wallet by linking the wallet address to your Bitvavo account. This way, you have complete control over your cryptocurrencies.