Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list JTO (JITO) on Dec 8, 2023 (UTC). The details are as follows.
List Time
1. Deposit: 08:00 on Dec 8, 2023 (UTC)
2. Withdrawal: 08:00 on Dec 8, 2023 (UTC)
3. Trading pair: JTO/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-08:50 Dec 8, 2023 (UTC)
Orders can be placed and canceled
08:50-09:00 Dec 8, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
09:00 Dec 8, 2023 (UTC)
About JTO
Jito is the liquid staking service for Solana that distributes MEV (maximum extractable value) rewards to holders.
The Jito Stake Pool enables users to stake their Solana tokens in exchange for a liquid stake pool token (JitoSOL). The JitoSOL token provides liquidity while earning a combination of staking rewards and MEV rewards. Jito's liquid staking token is unique in two ways:
· JitoSOL provides additional rewards to users from MEV transactions happening on Solana.
· Jito exclusively stakes with validators that run software designed to improve network performance. The improvements from the introduction of an auction mechanism so network congestion is less likely.
JitoSOL automatically accrues value from staking and MEV rewards. The token allows users to earn yield while also maintaining capital efficiency via DeFi integrations. JitoSOL holders can earn yield from validators while also accruing interest in lending protocols or yield farming. Jito's goal is to provide the best yield for JitoSOL while improving Solana's network.
About Automated Market Making (AMM)
AMM is supported for the JTO/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Dec 8, 2023
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