With the JTO token rising over 100% in just 24 hours following its airdrop, Jito is the newest protocol, causing a stir in the Solana ecosystem and the crypto world. SOL users have profited greatly from this amazing price increase.

Developed by Jito Labs, a significant Solana node operator, Jito is the newest liquid staking protocol on the platform and by far the second largest in terms of TVL. In this blog, let’s look at JTO crypto and how you can buy JTO in India.

What is Jito (JTO)?

Jito, or “Joint Token,” is a Solana-based liquid staking platform that pays holders MEVs, or maximum extractable value. Users of Jito can use the Jito Stake Pool to stake their SOL tokens and earn the JitoSOL token, a special asset that combines MEV and staking rewards in addition to offering liquidity.

JTO crypto gives the community the ability to make decisions on things like:

• Voting on proposals to enhance the protocol
• Establishing fee schedules
• Directing the treasury department
• Contributing to platform development projects

How Does Jito (JTO) Work?

Jito employs stake pools to decentralize and optimize network performance, allowing users to delegate SOL tokens and earn JitoSOL tokens in return. JitoSOL facilitates asset growth through staking and MEV rewards, representing profit from transaction sequencing. By integrating with DeFi platforms, JitoSOL enhances capital efficiency, enabling users to earn from validators and gain interest via lending or yield farming. The goal is to maximize returns for JitoSOL holders while boosting Solana’s network performance.

For security, JitoSOL undergoes full audits and operates non-custodial, ensuring users maintain control over their SOL and rewards even if Jito vanishes. Jito mitigates risks by using multi-signature operations, necessitating majority agreement for changes. Additionally, Solana benefits from stake pools by promoting network decentralization. These pools distribute stakes across various validator nodes with distinct requirements, including geographical diversity and performance benchmarks. Overall, Jito focuses on endorsing quality network operators and harmonizing high yields for JitoSOL holders with Solana’s decentralization objectives.

Future Outlook for Jito & JTO Crypto

The integration of governance capabilities in JTO crypto signifies a crucial moment, enabling Solana validators and DeFi participants to influence trade-offs and guide on-chain advancements.

Although the primary emphasis is on staking derivatives, Jito aims to broaden its services by utilizing MEV across various sectors, such as DEXes, marketplaces, and lending/borrowing platforms, to enhance capital efficiency.

The advancements by Jito Network, coupled with community-driven growth propelled by JTO crypto, create a fertile environment for the protocol to solidify its dominance as Solana’s premier MEV-enabled liquid staking solution.

As more protocols recognize MEV’s potential as an unexplored revenue stream, Jito stands ready to capture substantial attention, enabling SOL and JTO crypto holders to enjoy significant economic advantages.

JTO Tokenomics

The JTO token has a total supply capped at 1 billion tokens, distributed as follows:

• 250 million JTO tokens are allocated for ecosystem development to support communities and contributors driving the project’s expansion.
• 245 million JTO tokens are designated for the team, including staff, partners, and other internal project contributors. These tokens will be distributed evenly over three years, starting one year after the airdrop.
• 162 million JTO tokens are set aside for investors, spread out over three years, commencing one year post-airdrop.
• 343 million JTO tokens are earmarked for community growth, with 100 million allocated for the airdrop and the remaining portion governed by DAO on the Realms platform.

4 Things to Remember Before Choosing a Crypto Exchange in India

You must do thorough research when choosing a crypto exchange to invest or for crypto trading in India. You must research the authenticity of the platform and the credibility of the team behind it before deciding on an exchange to invest in Jito crypto in India.

You should also ensure the platform provides the following before investing in Jito:

• The exchange’s website/app has a simple user interface and is easy to use.
• The exchange supports Jito trading pairs.
• The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
• The exchange offers reasonable trading fees to buy crypto in India.

Now, let’s see how you can buy Jito (JTO) tokens in India from the most trusted exchanges in India in 2024.

Buying Jito (JTO) in India in 5 Easy Steps

Below are a few simple steps you can follow and buy the JTO token in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy JTO tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy JTO using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling JTO, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy JTO through P2P to the WazirX wallet. The JTO will act as funds to help you buy your favorite Cryptos.

Step 5 – Finally, buy JTO on WazirX.

You can now easily purchase JTO tokens using INR Deposits. In the case of P2P trade, check the JTO to USDT from here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the JTO Tokens you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.