★JTO value analysis and short-term potential★
Bros,
At present, Laohuo has observed through on-chain data analysis that JTO has completed the washout and bottoming out, and a large market trend is expected in the near future.
Coupled with the recent heavy traffic on the SOL public chain, as an important member of the SOL ecosystem, it deserves more attention.
Today, Lao Huo will tell you what the origin of this JTO is.
JTO is the governance token of Jito Network, a Solana liquidity staking service provider with an open source Solana validator client that allows stakeholders to earn Solana staking rewards and earn MEV through its MEV software suite. The token makes a significant contribution to the Solana ecosystem.
At present, JTO Network has received US$10 million in investment from Solana Ventures and Solana Labs co-founder Anatoly Yakovenko.
The highlight of Jito is that in addition to the staking income, the rewards provided to pledgers also include additional MEV rewards, giving multiple rewards to investors who hold currency pledges. The emergence of Jito solves the troublesome MEV problem on the Solana chain and also reduces the downtime problem caused by congestion on the Solana chain. With Lido announcing that it will withdraw from the Solana staking field, Jito is expected to get more Sol liquidity. Pledge share.
SOL is determined to impact the position of Ethereum. JTO, which is an important ecology of SOL, can also become the "LDO" of SOL ecology. The current market value difference between the two is more than 10 times. $JTO$SOL
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