The Solana-based DeFi platform Jito has taken a significant step in decentralized governance by introducing its new governance token, JTO. Announced on Monday, this initiative marks a crucial phase in Jito’s development, focusing on empowering its user base with decision-making capabilities. This move aligns with the growing trend of decentralized platforms leveraging governance tokens for community-driven development.
100 Million Tokens to Empower Users
Central to this development is the airdrop of 100 million JTO tokens. This strategic distribution targets a wide range of participants within the Jito ecosystem, encompassing JitoSOL holders, Solana validators who are part of the Jito Solana MEV clients, and users of Jito’s MEV services.
The Jito Foundation, established in the Cayman Islands, oversees this process, ensuring a fair and transparent distribution to its community. JitoSOL, the platform’s staking token, boasts an impressive total volume of over 6.7 million SOL, valu
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