Jito (JTO) is an innovative protocol on Solana that introduces a liquid staking approach and offers Maximum Extractable Value (MEV) rewards to its holders. Referred to as “Joint Token,” Jito allows users to stake their SOL tokens in staking pools and receive JitoSOL tokens in return. These tokens not only provide liquidity but also combine staking rewards with MEV rewards, maximizing returns for holders while contributing to the decentralization of the Solana network. This article aims to provide answers to two commonly asked questions: What is Jito (JTO) and how can one purchase Jito (JTO) using TRY.
Contents
What is Jito (JTO)?
How to Buy Jito (JTO) with TRY?
How to Open an Account on Binance TR?
How to Verify an Account on Binance TR?
How to Deposit TL on Binance TR?
How to Buy JTO Coin with TL on Binance TR?
What is Binance TR?
Jito (JTO) differentiates itself from traditional staking methods by utilizing staking pools to enhance the network’s performance and decentralization. These pools consist of one or more validator nodes, enabling users to delegate their SOL tokens efficiently. By staking their SOL, users receive JitoSOL tokens, which serve as a gateway to staking and MEV rewards.
JitoSOL tokens are the foundation of the Jito protocol, allowing holders to grow their assets through staking and MEV rewards. MEV represents profit opportunities derived from executing specific transaction orders in the blockchain space. By integrating with decentralized finance (DeFi) platforms, JitoSOL tokens optimize capital efficiency, enabling users to earn income from validators and gain interest through lending protocols or yield farming.
To ensure the protocol’s security, JitoSOL operates on a non-custodial basis, granting users full control over their staked SOL and accrued rewards. Even in the event of Jito’s disappearance, holders retain control over their assets. Jito mitigates potential risks related to validator selection and fees through a multi-signature transaction, requiring majority approval from the founding team for any changes.
Staking pools greatly benefit Solana by contributing to the network’s decentralization. These pools distribute stakes among multiple validator nodes, each with its own requirements and delegation tactics. By supporting high-quality network operators, Jito strikes a balance between high returns for JitoSOL token holders and Solana’s decentralization goals.
In summary, Jito offers a new approach to staking on the Solana network, providing users with the opportunity to stake and earn MEV rewards through a liquid staking protocol. With a focus on security, decentralization, and maximizing returns for holders, Jito aims to enhance the performance and resilience of the Solana ecosystem.
How to Buy Jito (JTO) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who wish to purchase Jito (JTO). Binance TR allows for quick account creation and offers over 100 cryptocurrencies, including JTO, for buying and selling. To buy Jito (JTO) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Opening an account on Binance TR is simple. Visit trbinance.com and proceed to the “Create Account” step. In this step, you will be required to enter basic information such as email address, phone number, name, surname, date of birth, nationality, and T.C. identity number.
After providing the requested information accurately, an email/SMS verification will be conducted to confirm the information. Once this process is completed, you will move on to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be completed before engaging in cryptocurrency trading or during account creation. This process ensures the protection of both the user and the cryptocurrency exchange. You can choose to complete the verification process either through your phone or via Binance TR’s official website. Note that you will need your mobile phone for identity verification through the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on the “Copy URL” option to receive the identity verification address via SMS on your phone.
Upon entering the address on your phone or scanning the QR code, a screen similar to the one below will appear. From here, continue by selecting the “Identity” option.
Then, a screen like the one below will appear. To proceed with the verification process, select the document type that suits you.
After selecting the document type, continue by selecting the “Upload front side” option. Take a clear photo of the front side of the document you selected, then select the “Upload back side” option and take a photo of the back side of the document. Ensure that the images are clear and that the information in the photos is easily readable when capturing images of the front and back sides of your ID card or driver’s license.
Next, select the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible when the camera opens.
Once you have completed all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from any bank. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts. For other banks, deposits up to 50,000 TL can be made 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
A page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, click on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Use the displayed information on your preferred bank’s page to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy JTO Coin with TL on Binance TR?
After depositing money, you can proceed to the step of buying JTO coin with TL by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the following page will open. Type “JTO” in the search section on the right side of this page and click on the JTO/TRY option from the search results to access the JTO purchase page with TL.
The JTO trading page will open. In the highlighted area, enter the desired price at which you want to buy JTO in the first box and the quantity of JTO you want to buy in the second box. After entering the amount, complete your purchase by clicking the “Buy JTO” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, launched its platform Binance TR specifically for cryptocurrency investors in Turkey in 2020. Headquartered in Istanbul, Binance TR can be accessed at trbinance.com.
Binance TR utilizes Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities through Binance TR.
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Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research.
