Jito Foundation Launches Governance Token for Solana-Based Liquid Staking Protocol
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With the hope of a resolution in the Ripple SEC lawsuit on the horizon, the XRPL community eagerly awaits the groundbreaking projects and advancements that will emerge from these endeavors. Participants in the XRPL online hackathon will have the opportunity to compete for a generous prize pool of $60,000. Individual projects will be eligible to receive funding of up to $10,000, providing a significant boost to their development journey. It’s important to note that this hackathon serves as an initial funding step, with participants encouraged to seek further funding opportunities to continue their projects beyond the event.
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With the introduction of the governance token, the Jito Foundation aims to empower the community and enhance their involvement in steering the direction of the Jito Network. Gassertrag’s platform is designed to integrate seamlessly with popular trading exchanges, providing a unified experience that enhances efficiency and effectiveness. Gas Ertrag’s user-friendly interface and automated tools make it easy to start trading and improve your strategies. Launched on April 25, 2023, and closing on June 18, this funding initiative focuses on projects that utilize Web3 for financial use cases on the XRP Ledger (XRPL). However, XRPL Grants also welcomes applications for innovative software development projects that leverage the power of XRP Ledger.
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Moreover, the ledger index stands at an impressive 80,237,296, indicating the successful closure of 80 million ledgers. You will need to provide some basic information and verify your identity to ensure compliance with the rules.
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Jito Labs boasts notable investors, including Solana Ventures and Anatoly Yakovenko, co-founder of Solana Labs. In the previous year, the company successfully raised $10 million in a Series A funding round, indicating growing confidence in the potential of the Jito Network. These tokens will play a crucial role in determining fees for the JitoSOL staking pool, overseeing revenue, and managing the Decentralized Autonomous Organization (DAO) treasury. What really sets Gas Ertrag apart from other platforms I’ve used is their exceptional customer support. Whenever I have a question or encounter an issue, their support team is available 24/7 and responds promptly. It’s reassuring to know that help is just a click away, whether I’m dealing with a technical glitch or need assistance with a new feature.
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