The Jito Foundation announced an airdrop for protocol participants. The team sets aside 100 million JTO for participants.
Decentralized finance (DeFi) protocol Jito has announced the launch of an airdrop for Solana users. The project allocated 100 million JTO to award rewards for activity.
According to representatives of the Jito Foundation, JitoSOL holders, validators and users of the Jito MEV service will be able to claim a reward. Previously, the editors of Incrypted reviewed projects that could launch airdrops in 2024 and selected the most promising:
After the announcement of the launch of the airdrop and listing of the JTO token on exchanges, the value of the asset increased to $6.01, according to CoinGecko . The JTO rate subsequently corrected below $2. At the time of publication, the asset is trading near $2.82.
Considering the current value and the number of JTO tokens allocated for awarding, participants in the activity will receive more than $250 million.
According to analytics platform Solscan , users have branded approximately 60 million JTOs at the time of writing. Meanwhile, some participants expressed dissatisfaction with the distribution mechanics due to the “disproportionate accrual of rewards to those who transferred huge amounts to Jito.”
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