Jito Sol Announces Retroactive Airdrop for Early Users
Jito, the staking platform on Solana, has launched its token JTO, offering retroactive airdrop rewards to early supporters of the product.
With the launch of the JTO token, users can participate in voting on changes to StakeNet parameters, manage reserve funds, and oversee revenue generated from JitoSOL.
3. Empowering Community Decisions:
— Jito (@jito_sol) November 27, 2023
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.
The total supply of JTO tokens will be 1 billion, with an initial circulating supply of 115 million. Notably, 10% of the total token supply will be airdropped to early product supporters.
5. Allocation Breakdown:
— Jito (@jito_sol) November 27, 2023
- Community Growth: 34.3%
- Ecosystem Development: 25%
- Investors: 16.2%
- Core Contributors: 24.5% pic.twitter.com/uxOOWNNbUy
The project has specified that the eligibility criteria for receiving the airdrop rewards include holders of jitoSOL, network validators, and community builders who participated in the project.
Additionally, interactions with the JitoSOL token on various DeFi platforms will earn users additional incentive points. The DeFi protocols included in this incentive program are:
- Orca
- Raydium
- Karmino
- MarginFI
- Meteora
- Drift
- Solend
The snapshot date for finalizing the airdrop results for users was November 25, 2023.
JitoSol is a Liquid Staking protocol on the Solana platform. Jito uniquely integrates MEV rewards, providing users with potentially higher returns compared to conventional staking solutions.
