您现在的位置是:Jito Foundation unveils governance token for Solana MEV development >>正文
Jito Foundation unveils governance token for Solana MEV development
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛5人已围观
简介Jito Foundation Launches Governance Token (JTO).Impactful Solana MEV Mitigation by Jito Labs.The JTO...
- 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 tokens, 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 governance token to enable community-driven leadership. pic.twitter.com/98lI7Y3NVm
— Jito (@jito_sol) November 27, 2023
The Jito MEV network, consisting of validators, has now garnered over 40% of the Solana network’s stake weight. This statistic underscores the practical impact of Jito Labs in mitigating MEV-related issues on the Solana blockchain. Jito’s software enables Solana to run more efficiently and earn MEV rewards.
With a carefully crafted tokenomics model, the Jito Foundation has allocated 34% of the JTO tokens for community growth, emphasizing the importance of grassroots involvement. Additionally, 10% of the tokens are earmarked for an airdrop, a gesture recognizing the vital contributions of community members in bootstrapping the network.
With JTO, users can set fees for the JitoSOL stake pool, update delegation strategies by controlling StakeNet parameters, manage the DAO treasury of JTO tokens and revenue from JitoSOL, and contribute to the enhancement of the Jito Network.
Solana Ventures and Anatoly Yakovenko, co-founder of Solana Labs, are among notable investors in Jito Labs, which successfully raised $10 million in a Series A funding round last year.
This governance token launch by the Jito Foundation aligns with the broader trend of decentralized decision-making within blockchain projects. By involving the community in protocol management and development decisions, the Jito Network aims to strengthen its position within the Solana ecosystem.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/754192.html
相关文章
Katy Perry Pays Homage to Dangerous Liaisons in “Unconditionally” Music Video
Jito Foundation unveils governance token for Solana MEV developmentDirected by Aya Tanimura, the understated lyric video for Katy Perry’s “Unconditionally,” the second...
阅读更多
Watch Adele’s Kaleidoscopic Music Video for “Send My Love (To Your New Lover)”
Jito Foundation unveils governance token for Solana MEV developmentMadonna sang a duet with Stevie Wonder as part of her touching tribute to Prince, Kesha performed a...
阅读更多
Kelly Clarkson: December Turkey?
Jito Foundation unveils governance token for Solana MEV developmentLeave it to the creative minds at the New York Postto twist Kelly Clarkson’s words and complet...
阅读更多
热门文章
- Inveo's new cave protects bats from extreme temperatures
- Review: The Mythmaking of Taylor Swift’s “Look What You Made Me Do” Music Video
- QuEra plots course to crack error
- Banxa Integration Brings Seamless, Low
- Blue Origin’s new Shepard rocket successful launched to space
- Intel's glass substrate promises 1T transistors by 2030
最新文章
Eminem and Rihanna Unleash “The Monster”
Caltech reveals SPHEREx telescope and plans to map our skies
India’s Aditya L1 mission crosses a major milestone
Giorgio Rosa, the engineer who built his own island
New paint can heat and cool buildings reducing energy use
Adorable aging Aibo robot dogs will now get a new life