Giant Airdrop Announcement for Solana (SOL) Network Users: Who Will Get the Airdropped Tokens?

Jito Foundation announced the launch of its governance token, $JTO, marking the entry into a new era of community-led governance.

The token will empower the community with significant decision-making powers to drive the future of Jito, which, according to the developers themselves, is the fastest growing liquid staking protocol on the Solana network.

$JTO token will allow token holders to:

• To determine the fees for the JitoSOL staking pool.
• Updating delegation strategies by checking StakeNet parameters.
• Managing the DAO treasury of $JTO tokens and income from JitoSOL.
• Contributing to the development of Jito Network.

The total supply of the token, which will begin to be traded under the short name $JTO, will be 1 billion, and the total supply to be launched will be 115 million $JTO.

In recognition of their contribution to establishing the network, 10% of the total $JTO supply will be retroactively airdropped to members of the Jito cryptocurrency community. This includes JitoSOL holders, Solana validators running the Jito-Solana MEV client, and researchers actively using Jito Network's MEV programs.

The airdrop will be evaluated retroactively and the snapshot for the eligible activity was taken on November 25, 2023.

*This is not investment advice.