Jito Airdrop Takes Center Stage: Coinbase To List JTO Token Immediately
Coinbase, the largest cryptocurrency exchange in the United States, will announce the immediate listing of the JTO token as the highly anticipated Jito airdrop, a decentralized finance (DeFi) platform on Solana, commences on Thursday.
Coinbase revealed that JTO trading would begin on Thursday after 11 am Eastern Time, contingent upon liquidity conditions. As the governance token of Jito, the second-largest DeFi project on Solana, JTO allows users to earn returns by pledging tokens to the network. Airdrop claiming for JTO kicks off tomorrow, a common strategy for new crypto projects aiming to attract users and foster community growth.
Coinbase’s move aligns with the ongoing trend of Solana-based projects announcing airdrops, reflecting the platform’s growing prominence. Solana, the blockchain powering the sixth-largest cryptocurrency, SOL, has gained significant attention for its speed, affordability, and developer-friendly environment, experiencing a resurgence despite concerns following the FTX exchange collapse. The blockchain has garnered interest from major players like Visa and Shopify.
Clever Robot News Desk 8th December 2023
