A decentralized finance (DeFi) project built on smart contract platform Solana (SOL) is preparing to launch an airdrop following the announcement of support from Coinbase.
In a new thread on social media platform launching It was first airdropped on December 7, and said eligible recipients would have 18 months to claim their tokens.
According to Jito, JTO tokens can be used to participate in protocol governance and to purchase goods and services on DeFi platforms across the Solana blockchain.
“JTO holders are encouraged to begin participating in governance to help steer the direction of the Jito Network…
(Also) JTO can be used on various DeFi platforms on the Solana Network. We will soon be launching tools to help you find these opportunities.”
Jito also warns traders not to indulge in unauthorized giveaways as airdrops are the only ones involved.
“Jito Foundation does not offer any prizes, non-fungible tokens (NFTs) or other items other than airdrops at https://jito.network/airdrop.
There will be scammer JTO tokens and malicious NFTs. If you’re not sure, ask on Jito’s Discord or Telegram.”
December 6, Coinbase, America’s leading cryptocurrency exchange platform presentation Support for JTO said it would add an “experimental” label, meaning it may have lower trading volumes compared to other digital assets.
JTO is trading at $2.18 at the time of writing and is down a whopping 64% in the last 24 hours.
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