The popular cryptocurrency trading platform has officially announced the listing of JITOSOL (Jito Staked SOL) for spot trading. This development offers traders and investors new opportunities to engage with Solana's growing liquid staking ecosystem.
Key Listing Timeline and Schedule
The platform has released a detailed schedule for the JITOSOL listing process:
- JITOSOL Deposits Open: May 7, 2025, at 4:00 PM (UTC+8)
- JITOSOL Spot Trading Begins: May 9, 2025, at 4:00 PM (UTC+8) with JITOSOL/USDT pair
- JITOSOL Withdrawals Open: May 9, 2025, at 6:00 PM (UTC+8)
Between 3:00 PM and 4:00 PM (UTC+8) on May 9, 2025, the exchange will conduct a special call auction period to establish fair market conditions before full trading commences.
Understanding Spot Trading Risk Control Measures
To protect investors from extreme price volatility during new token listings, the platform implements specific trading restrictions during the initial minutes of trading.
Order Restrictions (First 5 Minutes)
- Market order trading is prohibited
- Maximum limit order amount: $10,000 per order
- Maximum net position amount: $10,000 per user
These restrictions automatically lift five minutes after trading begins, allowing normal market operations to resume.
Price Limit Mechanisms
The exchange employs two distinct price limit mechanisms depending on market conditions:
Closing Price-Based Limits (When index price is unavailable/unstable):
- First minute after listing: Highest buy order limited to call auction price × (1 + H)
- Minutes 1-N (before index available): Highest buy order limited to previous minute's closing price × (1 + H)
- After minute N: No restrictions
Index-Based Limits (When stable index price exists):
- First 10 minutes: Buy orders limited to Index × (1 + X); Sell orders limited to Index × (1 - X)
- After 10 minutes: More complex formula incorporating 2-minute premium averages with Y and Z parameters
The platform reserves the right to adjust parameters (N, H, X, Y, Z) or switch between limit calculation methods without prior notice based on market conditions.
👉 View real-time trading rules and updates
Call Auction Mechanism Explained
The JITOSOL/USDT listing will utilize a one-hour call auction period before regular trading begins. This mechanism allows participants to submit orders at their desired prices before official trading starts.
During this auction period:
- Single user buy order total amount is limited to $50,000
- During the final five minutes, users can only place limit orders; order modifications and cancellations are prohibited
The system processes all submitted orders according to auction rules to calculate a reference opening price. Following the auction, the project team's suggested opening price—based on project valuation—serves as the starting price for spot trading. This reference price doesn't affect user order prices but provides additional market information.
JITOSOL Project Overview
JitoSOL is a liquid staking token issued by the Jito Foundation on the Solana blockchain. It enables users to stake SOL while maintaining liquidity for DeFi applications.
- Full Name: Jito Staked SOL
- Ticker Symbol: JITOSOL
- Contract Address: J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn
- Primary Function: Allows users to earn staking and MEV rewards while participating in Solana's DeFi ecosystem
Preparing for JITOSOL Trading
Users can now deposit USDT to their exchange accounts to prepare for JITOSOL trading. Having funds ready before the trading window opens ensures participants can immediately engage with the new market.
The platform continues to enhance its product offerings and services to provide traders with optimal trading experiences and expanded market opportunities.
Frequently Asked Questions
What is JITOSOL?
JITOSOL is a liquid staking token that represents staked SOL on the Solana network. It allows users to earn staking rewards while maintaining liquidity to use in various decentralized finance applications.
How does the call auction work for new listings?
The call auction allows users to place orders before official trading begins. During a specified period (one hour for JITOSOL), users submit orders, and the system calculates a reference price based on all orders. In the final five minutes, users can only place limit orders and cannot modify or cancel existing orders.
What are the trading restrictions during the first five minutes?
For the first five minutes after trading begins, market orders are disabled, limit orders are capped at $10,000 per order, and each user's net position cannot exceed $10,000. These protections help prevent extreme volatility during the initial trading period.
Can I withdraw JITOSOL immediately after trading begins?
Withdrawals for JITOSOL will open on May 9, 2025, at 6:00 PM (UTC+8), two hours after spot trading begins. This delay ensures network stability and proper processing of transactions.
How does liquid staking differ from regular staking?
Liquid staking provides users with a tokenized representation of their staked assets, allowing them to participate in DeFi activities while still earning staking rewards. Traditional staking typically locks assets, making them unavailable for other uses.
Where can I check current trading rules and parameters?
The platform maintains updated trading rules and parameters on its official website. Parameters may change based on market conditions, so users should regularly check for the latest information before trading.