Source: https://twitter.com/jito_sol/status/1729172532971065626

1. Introducing $JTO: A New Era of Community-Led Governance. The Jito Foundation is thrilled to unveil the $JTO governance token to enable community-driven leadership.

https://preview.redd.it/fgrsju4scx2c1.png?width=680&format=png&auto=webp&s=5a572449f95cb95595d06083a7600a350ea6f827

2. Through $JTO, the community is now trusted with key decision-making powers to drive the future of Jito, the fastest-growing liquid staking protocol on Solana.

This includes the MEV ecosystem utilized by over 40% of Solana network’s stake weight.

https://preview.redd.it/w0dzby3ucx2c1.png?width=680&format=png&auto=webp&s=986f12c25342166a1b0497c52aa6fe4877928b58

3. Empowering Community Decisions:

With $JTO, you can:

- Set fees for the JitoSOL stake pool.

- Update delegation strategies by controlling StakeNet parameters.

- Manage the DAO treasury of JTO tokens and revenue from JitoSOL.

- Contribute to the enhancement of Jito Network.

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4. $JTO at a Glance:

- Abbreviation: $JTO

- Total Supply: 1 Billion $JTO

- Initial Circulating Supply: 115 Million $JTO (Total Supply Minus Foundation Allocation and Locked Supply)

- Initial Float Supply: 583 Million $JTO (Total Supply Minus Locked Supply)

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5. Allocation Breakdown:

- Community Growth: 34.3%

- Ecosystem Development: 25%

- Investors: 16.2%

- Core Contributors: 24.5%

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6. Finally, 10% of the total $JTO supply will be retrospectively airdropped to Jito community members as a recognition of their contribution to bootstrapping the network and to ensure they can participate in governance from day one.

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7. This includes JitoSOL holders, Solana validators operating the Jito-Solana MEV client, and searchers actively utilizing Jito Network’s MEV programs.

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8. Community members can soon check their eligibility for the $JTO Airdrop on http://jito.network. Stay tuned for updates on the eligibility checker and airdrop claim tools.

Welcome to the future of Jito.

https://www.jito.network/blog/announcing-jto-the-jito-governance-token/

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