JTO token is the core token of Jito Network, with a total supply of 1 billion. This article will introduce in detail the JTO token distribution plan, unlocking plan and its importance in the Solana ecosystem, and provide some SEO optimization suggestions.
JTO token distribution plan
The distribution plan of JTO tokens is as follows:
Retroactive airdrop: 10%
Community growth: 34.3%
Ecological development: 25%
Investors: 16.2%
Core contributors: 24.5%
Among them, the tokens of investors and core contributors will have a one-year lock-up period, from December 2023 to December 2024, when they will begin to be unlocked.
retroactive airdrop
Retroactive airdrops account for 10% of the total amount. This part of the tokens is mainly used to reward early supporters and users and encourage them to continue to participate in and support the development of Jito Network.
Community growth: Community growth accounts for 34.3%. This part of the tokens will be used to promote community activity and participation, including various community activities, reward programs, etc.
Ecological development: Ecological development accounts for 25%. This part of the tokens will be used to support various projects and partners within the Jito Network ecosystem to further expand its influence and application scenarios.
Investors: Investors account for 16.2%. This part of the tokens will be allocated to early investors to support the initial development and funding needs of the project.
core contributor
Core contributors account for 24.5%, including employees of Jito founders and early contributors to the ecosystem. These tokens will motivate the core team to continue to contribute to the project.
JTO token unlocking plan: According to the JTO token unlocking plan, there will be a cliff-like unlocking by December 2023, and the JTO tokens allocated by investors and core contributors will begin to be unlocked. By then, the circulation rate of JTO tokens will be more than double the current rate, which means that at least in the last six months, there will be no large unlocking of JTO tokens.
Currently, the market circulation of JTO tokens is 120 million, with a circulation rate of 12.14%. The circulating market value of JTO tokens is US$460 million, and the full circulation market value is US$3.8 billion.
Jito Network’s Market Position
As the leading MEV infrastructure provider in the Solana ecosystem, Jito Network has successfully attracted a large number of users with its unique "staking income + MEV income" model, which in turn has promoted the continuous increase of its total locked value (TVL). Today, Jito Network has become the protocol with the highest TVL in the Solana ecosystem, and the value of locked tokens has exceeded US$1.5 billion.
Looking to the future: Jito Network is likely to launch a re-pledge function, which will undoubtedly further increase the pledge rate of Solana ecological tokens and at the same time push up the market value of JTO tokens. Given its excellent performance and forward-looking strategic layout, JTO deserves attention.