Coinbase Embraces Jito (JTO): Solana DeFi Project Set to Launch Airdrop

Solana-based decentralized finance (DeFi) project Jito (JTO) is set to initiate its inaugural airdrop on December 7th, coinciding with Coinbase’s endorsement of the token. 

Eligible recipients have an 18-month window to claim their tokens, with JTO serving a dual purpose for governance participation within the protocol and as a means of transacting on DeFi platforms across the Solana blockchain. Jito encourages token holders to actively engage in governance decisions. Emphasizing the forthcoming launch of a tool to facilitate opportunities on various Solana DeFi platforms. 

Notably, Jito issues a cautionary note to traders, urging them to avoid unauthorized giveaways. Clarifying that the airdrop is the sole officially sanctioned event through their website. On December 6th, Coinbase announced support for JTO. Labeling it as “experimental” due to potentially lower volume compared to other assets. As of the latest update, JTO is trading at $2.18, reflecting a significant 64% drop in the past 24 hours.

Clever Robot News Desk 8^th December 2023