Jito Foundation, which developed the Solana-based liquid staking protocol, will organize an airdrop by issuing a governance token.
According to the statement made by Jito Foundation JTO token, It will help “community members have a direct influence on the decision-making process and direction of Jito Network.”
These decisions may include adjusting the transaction fees of the JitoSOL staking pool, managing the transaction fees collected from JitoSOL, and contributing to the development of existing Jito protocols and products.
Total of JTO token 1 billion; in circulation if in initial stages 115 million There will be supply. 34.3% of this will be allocated to the community, 25% to the ecosystem, 16.2% to investors, and 24.5% to the main team contributing to the protocol.
Additionally, using tokens allocated to the community airdrop of 100 million tokens in total will be arranged. People who can participate in the airdrop were selected among users who have contributed to the development of Jito Network over time.
Last year, Jito Labs received a $10 million investment as part of the Series A investment round from a group of investors, including Solana Ventures and Solana’s co-founder Anatoly Yakovenko.