Jito Labs, developer of Solana’s MEV infrastructure, has released guidance for the upcoming airdrop distribution.
Of the 10% airdrop stake (100 million JTO), 15% (15 million) will be assigned to Jito-Solana validators, 5% (500,000) will be reserved for Jito MEV searchers, and 80% (80 million) will be reserved for JitoSOL users. It is assigned to . Minimum 100 points before November 25, 2023).
Users can now check Solana wallet address eligibility.
Once the airdrop starts, you can start collecting JTO tokens through the official website.
The airdrop claim window will unlock at 11:00 AM ET on December 7, 2023 (token creation date).
For the Jito-Solana validator, the process involves claiming both unlocked and locked tokens from the token creation date using the open source CLI.
Validators must sign transactions using their identity key pair, and JTO tokens are deposited into the associated token account linked to each validator’s identity.
50% of the token allocation will be available from the start and the remaining 50% will be unlocked gradually over a period of 12 months from the date of token creation.
Eligible recipients can claim JTO tokens within 18 months from the token creation date.
Any tokens unclaimed after this period will automatically be transferred to the Realms wallet in the DAO Treasury.
Exceptions to the airdrop apply to all past and present Core Contributors. This includes core contributor wallets holding JitoSOL, validators run by core contributors, and Gold Wire run by core contributors. Finch Searchers are excluded from the JTO airdrop because their core contributors do not participate in MEV.
Jito Labs claims to be on a mission to mitigate the side effects of maximum extractable value for Solana.
Itenvisions empowers community members through decision-making on the Jito Network.
Nearly 30% of Solana’s stake flows through Jito Labs clients, and more than 40% of Solana network’s stake currently participates in the Jito MEV validator network.