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.
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.
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.
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)
5. Allocation Breakdown:
- Community Growth: 34.3%
- Ecosystem Development: 25%
- Investors: 16.2%
- Core Contributors: 24.5%
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.
7. This includes JitoSOL holders, Solana validators operating the Jito-Solana MEV client, and searchers actively utilizing Jito Network’s MEV programs.
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/
What’s the launch date?