$JITO Airdrop Information

We’re excited to introduce the $JTO governance token – a milestone in community-led governance within the Solana ecosystem. This article will guide you through what $JTO is, its features, and how you can participate in the upcoming airdrop.

What is $JTO?

$JTO, the new governance token by the Jito Foundation, is designed to empower the community with decision-making authority for the Jito network, a prominent liquid staking protocol on Solana. The token aims to decentralize governance and give the community control over important aspects of the network.

Holders of $JTO will have the power to:

• Set fees for the JitoSOL stake pool.
• Update delegation strategies by controlling StakeNet parameters.
• Manage the DAO treasury, consisting of JTO tokens and revenue from JitoSOL.
• Play a crucial role in enhancing the Jito Network.

Tokenomics and allocations:

Total Supply: 1 Billion tokens
Initial Circulating Supply: 115 Million tokens
Initial Float Supply: 583 Million tokens
Community Growth: 34.3%
Ecosystem Development: 25%
Investors: 16.2%
Core Contributors: 24.5%
Airdrop: 10%

In a gesture of appreciation, 10% of the total $JTO supply will be airdropped to members of the Jito community. Eligible participants include JitoSOL holders, Solana validators using the Jito-Solana MEV client, and active users of Jito Network’s MEV programs.

How to Participate in the Airdrop:

Stake SOL: Stake $SOL for jitoSOL on the Jito Network website
Check Eligibility: Visit Jito Network to see if you’re eligible for the airdrop.
Stay Updated: Keep an eye out for updates on the eligibility checker and airdrop claim tools.
Claim Your Tokens: Once the airdrop is live, eligible users will be able to claim their $JTO tokens through the website.