Jito Price (JTO)

Jito (JTO) Token Price Now

Jito price today is $2.96 with a 24-hour trading volume of $55,320,903. JTO price is down -0.47% in the last 24 hours. It has a circulating supply of 272.81Mil JTO tokens and a max supply of 1000Mil.
In order to search for real-time and historical information about Jito (JTO) blockchain, including data related to blocks, transactions, addresses, and more, you may use Jito (JTO) block explorers. Here are some of the most popular and useful Jito (JTO) blockchain explorers out there:

• solana.fm

What Is Jito Token(JTO)?

Jito is the only liquid staking service for Solana that distributes MEV (maximum extractable value) rewards to holders. The Jito Stake Pool enables users to stake their Solana tokens in exchange for a liquid stake pool token (JitoSOL). 

JTO is the name of the Jito Governance Token. The JTO token will be instrumental in empowering community members to have a direct impact on the decision-making and direction of the Jito Network.  

How Does Jito Token Work?

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:

• Setting fees of the JitoSOL stake pool
• Updating delegation strategies by controlling parameters of the StakeNet programs 
• Managing the treasury of JTO tokens held by the DAO and fees generated from JitoSOL
• Contributing to the ongoing development and improvement of Jito's protocols and products

The Jito Foundation is excited for token holders to lead Jito's growth as they engage in the governance process to steer the direction of Jito Network.

Will there be an airdrop of JTO tokens?

Yes there will be an airdrop. JTO airdrop recipients will be able to verify their eligibility on our website. The Jito Foundation will keep you informed once the eligibility checker and airdrop claim tools are live.

Who is eligible for the JTO airdrop allocation?

The eligibility for the JTO token airdrop has been determined by a user's contribution to the Jito Network's development and growth over time. This includes long-standing JitoSOL holders, users engaging with JitoSOL on various DeFi protocols, Solana validators operating the Jito-Solana MEV client, and searchers actively utilizing Jito Network’s MEV products.

The airdrop is backwards-looking and the snapshot for eligible activity was taken on November 25th, 2023. As part of this, the points campaign has closed and points will no longer be updated.

We strongly advise our community members to exercise caution and be wary of potential scams. Always ensure any webpages related to the Jito Network that you visit have the jito.network domain. Jito Network community moderators will never message you first or ask you for personal information.

How To Claim Jito Token(JTO)?

JitoSOL Users

Eligible recipients can initiate the JTO token claim process at https://jito.network/airdrop starting December 7th, 2023 at 11am ET (4pm UTC).

Jito-Solana Validators

Jito-Solana validators can use an open source CLI, which will be located at https://github.com/jito-foundation/distributor, to claim their unlocked and locked tokens starting on the Token Generation Date. Validators will need to sign the transaction with their identity keypair. When claiming, the JTO token will be deposited into an Associated Token Account owned by each validator’s identity. Validators can then use the spl-token program to transfer tokens to another wallet to use in governance.

As a reminder, 50% of the token allocation is available to claim at genesis, while the remaining 50% will unlock linearly over 12 months, with vesting starting on the Token Generation Date. 

Jito MEV Searchers

Jito MEV searchers can also leverage the open source CLI, which will be located at https://github.com/jito-foundation/distributor, to claim their unlocked and locked tokens starting on the Token Generation Date.As a reminder, 50% of the token allocation is available to claim at genesis, while the remaining 50% will unlock linearly over 12 months, with vesting starting on the Token Generation Date. 

Jito Token(JTO) 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:

• Total Supply: 1,000,000,000 JTO
• Initial Circulating Supply: 115,000,000 JTO
• Initial Float Supply: 582,867,143 JTO

Jito tokens (JTO) are allocated across the following main categories:

Community Growth: 34.3% – 342,857,143 JTO

The "Community Growth" token allocation is dedicated to growing the Jito community. The first use is a retrospective airdrop for 10% of total supply to Jito community members as a recognition of their contribution in bootstrapping the network and to facilitate robust governance participation (see additional details below). The remaining tokens (24.3% of the total supply) will be controlled by DAO governance on the Realms platform. The use and pace of distribution for these tokens is up to token holder governance. The goal is growing Jito Network’s community and utility.

More On The Airdrop: 10% – 100,000,000 

The airdrop by the Cayman Foundation consists of 90,000,000 JTO tokens for immediate distribution and an additional 10,000,000 unlocking over the next year, each of which will come from the 342,857,143 tokens allocated to Community Growth.

The eligibility for the JTO token airdrop has been determined by a user's contribution to the Jito Network's development and growth over time. This includes long-standing JitoSOL holders, users engaging with JitoSOL on various DeFi protocols, Solana validators operating the Jito-Solana MEV client, and searchers actively utilizing Jito Network’s MEV products.

The airdrop is backwards-looking and the snapshot for eligible activity was taken on November 25th, 2023. As part of this, the previously announced points program has ended and points will no longer be updated.

Ecosystem Development: 25% – 250,000,000

Jito’s network has had a strong start, but the mission to enhance the Solana network and staking economy is far from over. The ecosystem development portion of the token allocation is to fund communities and contributors that help drive the expansion of the premier liquid staking protocol on Solana and related network advancements, such as the innovative StakeNet. StakeNet is designed as a self-sustaining protocol for timeless Solana LSTs, which the Foundation intends to open-source for other platforms to use. 

For further details, please see the section on Jito Foundation prior to the distribution section.

Investors: 16.2% – 162,142,857

Jito Labs has been fortunate to have the support of prominent investors in the Solana community since its genesis. Their expertise and strategic guidance have been instrumental in the Network’s growth and development over the last two years. The tokens allocated to investors unlock over 3 years, with a 1-year cliff.

Core Contributors: 24.5% – 245,000,000

A portion of JTO tokens is allocated to Jito’s founders and current and future employees of early contributors to the ecosystem. These tokens vest and unlock over 3 years, with a 1-year cliff.

Jito Foundation

The Jito Foundation organizes and coordinates decisions from the token holder community. Its mission is aligned with that of the Jito Network: 

• Enhance the staking economy through JitoSOL and associated products
• Improve the Solana network

The Foundation structure amplifies the power of the Jito Network. Token holder decisions will seamlessly transfer from DAO governance to off-chain infrastructure and relationships with strategic contributors (given that many strategic contributors require a counterparty to enter into agreements). The Foundation empowers the Jito Network to operate at greater scale and speed as the network evolves.

10% of the total supply will be airdropped and 24.3% will be transferred to Realms DAO to be controlled directly by token holders. The remaining 25% is going to the Jito Foundation to fund these efforts and lead large-scale strategic relationships.

The Foundation is led by two independent Directors (Matt Shaw and Glenn Kennedy), with an independent Supervisor provided by FFP Corporate Services. The Foundation’s DAO administrator will be Webslinger, an advisory firm for leading crypto projects. Token holders have ultimate control over the Foundation with the ability to remove the Supervisor and Directors. Transparency reports will be provided on a regular basis by the Foundation.

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.

Is Jito Points program still active?

The points campaign ended on November 25th, 2023 and points will no longer be updated.

How does JitoSOL accrue value?

JitoSOL accrues both Staking and MEV rewards.

What DeFi integrations does JitoSOL have?

JitoSOL is integrated with a variety of DEXs and margin projects. Please read about specific integrations in the JitoSOL docs

How does Jito decide which validators to delegate to?

The Jito Foundation’s goal is to decentralize stake and increase network efficiency, and the delegation process reflects this. You can read more about our delegation strategy in the JitoSOL docs.

I clicked unstake, but I don’t see my funds in my wallet. Where did my funds go?

After a direct unstake, Jito converts your JitoSOL into an active stake account. You must manually deactivate and claim the stake to redeem your SOL. Please follow the instructions here.

Jito (JTO) Community

• Twitter: https://twitter.com/jito_sol
• Discord: https://discord.com/invite/jito
• Telegram: https://t.me/+csIgnEQMCHhiYjVh

What is Jito (JTO) Contracts address?

• Solana: jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL