Announcing JTO: The Jito Governance Token

Jito Foundation

The Jito Foundation is excited to announce the upcoming launch of the JTO governance token, a significant step in Jito's evolution. The JTO token will be instrumental in empowering our community members to have a direct impact on the decision-making and direction of the Jito Network.

Jito's growth within the Solana ecosystem has been substantial. JitoSOL is the largest and fastest-growing Liquid Staking Token (LST) on Solana, boasting a Total Value Locked (TVL) of 6.8m SOL, while the Jito MEV network of validators running the Jito-Solana client operates 41% of network-stake weight (163m SOL TVL).

Governance

The launch of JTO enables token holders to make key decisions to shape the future of Jito Network so that it continues to evolve and thrive in alignment with the needs of those it serves, and of the broader Solana ecosystem. These decisions and initiatives may include:.

Jito's growth within the Solana ecosystem has been substantial. JitoSOL is the largest and fastest-growing Liquid Staking Token (LST) on Solana, boasting a Total Value Locked (TVL) of 6.8m SOL, while the Jito MEV network of validators running the Jito-Solana client operates 41% of network-stake weight (163m SOL TVL). Recognizing the Jito Network’s influence within the ecosystem, it is time to formalize governance of the network in the hands of those who make it thrive – the widespread community of Jito users and contributors.

This blog post aims to offer a comprehensive understanding of the utility and role of the JTO tokens in governance of the Jito Network.

Governance

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Jito Foundation will be governed by its Constitution, Bylaws and Articles of Association and Memorandum of Association. This post will be updated soon with links to these governance documents.

Allocation Details

The Jito token (JTO) will have a total supply of 1,000,000,000 JTO with the initial circulating supply and float listed below: