What is Jito- JTO? MEV on Solana Blockchain (explained with animations)

🤔 What is Jito?
Jito is a liquid staking protocol on the Solana blockchain that operates on a stake pool model.
To keep it simple, a stake pool is a collection of validator nodes that are responsible for verifying network transactions.
Through Jito users can exchange their SOL for JitoSOL tokens, and in return holders maintain SOL’s liquidity and DeFi opportunities while earning yield from being staked.
As such, JitoSOL provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana.

💰 JTO Tokenomics
In total, there will only ever be 1 billion JTO tokens, all of which have been created and are being released as per their vesting schedules.
By the time these vesting schedules are complete the initial token distribution will look as follows:
Ecosystem Development will receive 25%, while Core Contributors will get 24.5%. Additionally, Community Growth will have been allocated 24.3%, Investors will receive 16.2%, and finally, 10% was given away during the Airdrop.

Timestamps ⏳

00:00 Intro

0:39 Jito Founders

0:50 What is Jito?

1:25 MEV explained

1:40 How does Jito work?

2:24 MEV bots explained

4:20 Validator client explained

5:05 Jito's Validators

5:54 JTO tokenomics

6:05 JTO user case

6:17 JTO initial distribution

6:47 Is Jito worth it?

❓ Q & As ❓

Start from the basics:

[nikosk.]

Καλησπέρα, έπρεπε να έχεις τουλάχιστον 20, 000 subscribers. Πολύ καλή δουλειά!

[MendingWall]

Great presentation, and unique. Thanks!

[RealVision]

Can you make a video on Verus Protocol. It’s already completely solved MEV and the trillium on the protocol level. No layer 2 needed. Completely decentralized & fair launched. I think you’d like its Pop approach better than PoS mechanics.

[juancanto]

excellent explanation I thank you, but without being investment advice and freeing you from any responsibility do you consider it scam ?