$JTO is the first re-staking oracle protocol in the Solana ecosystem.
In the Solana ecosystem, there are few airdrop projects that can truly bring wealth effects, and Jito is one of them. 2
In December 2023, Jito launched its governance token JTO, airdropping 10% of the tokens to the community, and it has been listed on Binance. Its fully diluted valuation (FDV) now exceeds 2 billion dollars. Jito is also significant in the MEV field within the Solana ecosystem.
Let's talk about its highlights and advantages:
Dual assurance of yield and security: JitoSOL holders participate in re-staking, earning staking rewards while also winning SWTCH scholarships.
Re-staked assets provide decentralized assurance for the oracle network, reducing link risks.
Ecological advantages are evident: with Jito's vast staked assets and node network, it can minimize single points of failure.
Through Jito NCN, data can be quickly uploaded and verified on-chain, enhancing network security and operational efficiency. Multiple revenue channels: users can not only earn basic staking rewards but also receive additional SWTCH token rewards.
In the future, more assets supported by Jito can be used to protect the network, broadening the revenue channels.
Simple operations for ecological win-win: users can participate in re-staking with one click, and the open model attracts widespread community participation.
Jito is deeply integrated with the Solana network, strengthening the security defenses of the Solana oracle ecosystem while creating diverse revenue opportunities for SOL holders, innovating the security and economic model of decentralized oracles.
Yesterday, Solana launched its ecological reserve, initially acquiring 50,000 JTO, which may be the reason for the recent strengthening of the Solana ecosystem.
Currently, do not short Solana and ecological tokens, I believe this is just the beginning, and it will continue to rise, focusing on going long during pullbacks.
Everyone can also pay attention to ecological tokens like WIF, RAY, JUP, PYTH.
