TechFlow news, according to The Block, Jito, a liquid staking protocol in the Solana ecosystem, has announced the launch of its governance token JTO, aimed at enabling "community members to directly influence the decision-making and direction of the Jito Network."
Token holders can participate in setting fees for the JitoSOL staking pool, managing JitoSOL revenue, and the DAO treasury. The total supply of JTO tokens is 1 billion, with an initial circulation of 115 million JTO. Approximately 34% of the tokens are allocated for community growth, 25% for ecosystem development, 24.5% distributed to core contributors, 16% to investors, and 10% will be "airdropped to Jito community members."
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