Upbit just listed two new crypto tokens, Jito (JTO) and Scroll (SCR). This has stirred interest in the crypto community, and many are wondering how these altcoins could be used by fintech companies and decentralized organizations.
What Are Jito (JTO) and Scroll (SCR)?
Jito (JTO) is focused on enhancing Solana's staking rewards through Maximum Extractable Value (MEV) strategies, while Scroll (SCR) aims to improve Ethereum's scalability through zk-rollups. As governance tokens, both JTO and SCR allow holders to have a say in their respective ecosystems.
How Can These Tokens Be Utilized by Fintech Startups?
These tokens can be adopted for various transactions, potentially lowering costs and streamlining operations. They could also be used as rewards for user engagement, encouraging more activity within the platforms backed by these tokens.
What Are the Initial Trading Restrictions?
Upbit has placed restrictions on trading these tokens for the first hour to mitigate market manipulation. This includes limiting buy orders and placing minimum sell price requirements.
How Do Governance Tokens Influence DAOs?
Governance tokens grant voting rights to holders, enabling them to participate in key decisions concerning their projects. This can lead to a more engaged community and ensure that decisions align with user interests.
What Are the Regulatory Challenges?
New token listings bring regulatory scrutiny, requiring compliance with licensing, AML, and KYC protocols. Companies must remain flexible to adapt to changing regulations while ensuring consumer protection.
