Jito Foundation unveils governance token for Solana MEV development
Jito Foundation Launches Governance Token (JTO). Impactful Solana MEV Mitigation by Jito Labs. The JTO token will have a total supply of 1 billion. Jito Foundation, the driving force behind Solana MEV developer Jito, has made a significant move with the launch of a governance token, JTO. This move aims to not only manage the protocol but also foster development in the Solana ecosystem. With a total supply of 1 billion JTO token s, this initiative seeks to democratize decision-making within the Jito Network, allowing community members to play a pivotal role. Empowering Solana’s liquid staking with JTO tokens In a bid to address challenges posed by Maximum Extractable Value (MEV) on Solana, Jito Labs, backed by the Jito Foundation, has taken a proactive approach by launching a governance token, called JTO, for the Jito Network. 1. Introducing $JTO: A New Era of Community-Led Governance. The Jito Foundation is thrilled to unveil the $JTO govern...