$JTO Stop scrolling for a second... this one is easy to miss đ
I was going through the latest Jito updates and one thing made me stop. Every trade on their new platform can burn $JTO . Let me explain it in a simple way đ
đ ïž What is JTX?
It is Jito's own trading platform on Solana. You can trade tokens and memecoins and tokenized stocks and ETFs. You keep full control of your own wallet.
đ„ Why JTO holders care
80% of the trading fees go to the Jito DAO. The DAO uses that money to buy JTO from the market and burn it. Burned tokens are gone forever. A community vote called JIP-38 locked this in for at least one year.
The idea is simple: more trading means more burn.
đ New update Oct 7
Jito's president Brian Smith shared the plan:
âą Stocks feature in about two weeks
âą Mobile app this fall
âą Futures later with no date yet
đ Jito's tech also handles about 33% of all staked SOL.
â ïž But let's stay realistic
âą Tips volume in Q2 fell by about 50% compared to Q1
âą Nobody has shared JTX trading volume yet so the size of the burn is unknown
âą JTO is still about 90% below its all time high of $5.60
âą It moves with Solana and the overall market
đĄ The big question: Will JTX bring enough volume to make the burn matter?
What do you think?
#USEthereumETFsSee10StraightDaysOfOutflows #AvalancheSaysKoreaKSDPlatformWillSupportItsLedger
I was going through the latest Jito updates and one thing made me stop. Every trade on their new platform can burn $JTO . Let me explain it in a simple way đ
đ ïž What is JTX?
It is Jito's own trading platform on Solana. You can trade tokens and memecoins and tokenized stocks and ETFs. You keep full control of your own wallet.
đ„ Why JTO holders care
80% of the trading fees go to the Jito DAO. The DAO uses that money to buy JTO from the market and burn it. Burned tokens are gone forever. A community vote called JIP-38 locked this in for at least one year.
The idea is simple: more trading means more burn.
đ New update Oct 7
Jito's president Brian Smith shared the plan:
âą Stocks feature in about two weeks
âą Mobile app this fall
âą Futures later with no date yet
đ Jito's tech also handles about 33% of all staked SOL.
â ïž But let's stay realistic
âą Tips volume in Q2 fell by about 50% compared to Q1
âą Nobody has shared JTX trading volume yet so the size of the burn is unknown
âą JTO is still about 90% below its all time high of $5.60
âą It moves with Solana and the overall market
đĄ The big question: Will JTX bring enough volume to make the burn matter?
What do you think?
#USEthereumETFsSee10StraightDaysOfOutflows #AvalancheSaysKoreaKSDPlatformWillSupportItsLedger