Original - Odaily
Author - Azuma
On November 28, Jito, the liquidity staking protocol on Solana, announced that it will launch the governance token JTO and will airdrop 100 million JTO to the community (accounting for 10% of the total supply). Although in the announcement at the time, Jito determined that the target groups for the airdrop would be JitoSOL users, Jito Solana verifiers and Jito MEV searchers, it did not disclose the rules under which 100 million JTO would be distributed among the above three groups. At that time, eligible addresses were unable to check how much airdrop quota they could receive.
In the early morning of December 5th,Jito officially supplemented this key information and went liveAirdrop limit check website。
Odaily Note: Jito officially reminds that users can only view the airdrop quota for the time being, and the application has not been started yet. Once the application is open, the Jito Foundation will announce the information through official channels. Please do not click on any links from unofficial sources.
Token Contract Distribution Plan
According to the information released by Jito this morning,JTO tokens are now minted on the chain, but are currently not officially circulated except for some small-scale test transfers. The token contract address is jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL.
Judging from the announced allocation plan,JitoSOL users will receive 80% of the airdrop quota (80 million JTO), Jito Solana validators will receive 15% (15 million JTO), and Jito MEV searchers will receive the other 5% (5 million JTO).
It is worth mentioning that,Jito emphasized that all past and current core contributors will not be included in the JTO airdrop, including all core contributor addresses that meet the above conditions.
JitoSOL user airdrop details
JitoSOL users’ short-term investment qualifications are determined based on their ranking in the Jito points program.Only JitoSOL users with points equal to or exceeding 100 points are eligible for the airdrop.
In order to ensure a fairer distribution, the Jito Foundation has adopted a graded distribution system for different points levels. This measure is to ensure that users with fewer points can receive more rewards than those distributed in equal proportions, so that more people can Participate in Jitos ecological governance.
The airdrop snapshot started on January 1, 2023, and ended on November 25, 2023. During this period, a total of 9,852 eligible addresses were identified. After anti-Sybil screening was conducted and core contributor addresses were eliminated, the The allocation criteria for the ten levels are as shown in the figure below.
Jito Solana Validator Airdrop Details
Jito-Solana validators have played a key role in expanding the network effect of the Jito-Solana client, which currently accounts for 41% of the networks staking weight.
A total of 15 million JTO will be distributed to Jito-Solana validators according to the following rules:
Operated Jito-Solana client during epoch 366 to epoch 536;
Operated the Jito-Solana client from epoch 527 to epoch 536 and lasted for at least one epoch.
The distribution of JTO will be based on each validators share of the total Jito-Solana pledge size, and the time dimension will be weighted for each epoch since the 366th epoch. Ultimately, Jito-Solana validators will have four levels of allocation criteria, as shown in the figure below.
have to be aware of is,Only 50% of the JTO airdropped to Jito-Solana validators can be claimed at the time of token creation, and the remaining 50% will be unlocked linearly within 12 months.
Jito MEV Searcher
The last batch of objects eligible for the JTO airdrop are searchers who have used the Jito MEV search kit. The total airdrop for this part is 5 million JTO tokens.
To qualify for an air investment,Jito MEV searchers must invest at least 1 SOL cumulatively between epoch 366 and epoch 536.
Similar to the allocation method of Jito-Solana validators, Jito MEV searcher addresses that meet the airdrop conditions will be divided into five different levels, among which more active searchers will receive larger allocations. The specific allocation is shown in the figure below .
also,Only 50% of the JTO airdropped to Jito MEV searchers can be claimed at token creation, and the remaining 50% will be unlocked linearly within 12 months.
risk warning
Jito officials stated that after the JTO airdrop is opened, there will be an 18-month claim validity period, after which unclaimed tokens will be transferred to the Realms wallet in the DAO treasury.
At the end of todays announcement, Jito officials once again issued a risk warning, hoping that community members would be alert to potential fraud. After the airdrop is opened, all users are asked to pay attention to whether all websites they visit have the jito.network domain name and verify whether the token contract is correct before interacting.
Jito officials will not proactively send messages to users or ask users to provide personal information, so please stay vigilant.
