Solana ecosystem MEV infrastructure Jito launches governance token JTO, 10% will be used for airdrop

ChainCatcher news, Solana ecosystem MEV infrastructure Jito Labs has launched the governance token JTO, which will be used to help manage the Jito network, aiming to enable "community members to have a direct impact on the decisions and direction of the Jito network," including setting fees for the JitoSOL staking pool, updating delegation strategies by controlling the parameters of the StakeNet program, managing the treasury of JTO tokens held by the DAO and the fees generated by JitoSOL, and contributing to the ongoing development and improvement of the Jito protocol and products.

The total supply of JTO is 1 billion tokens, with the foundation receiving 59.3%, of which 10% will be airdropped, 24.3% will be directly controlled by token holders through Realms, and the remaining 25% will be donated to the foundation to fund and lead large-scale strategic relationships.