Solana Staking Project Jito Airdrops Governance Token JTO, Fueling Growth in Thriving Solana Ecosystem
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Solana-based crypto staking project Jito released its JTO governance token on Thursday, continuing the growth of the Solana ecosystem.
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JTO opened trading at $1.20 per token and climbed toward $2 as holders claim airdrop rewards based on past use of Jito's jitoSOL token.
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Airdrops start at 4,941 JTO tokens and increase depending on jitoSOL use; unclaimed tokens go to Jito's DAO treasury.
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JTO launch comes as Solana sees a resurgence in popularity and activity, with SOL token up 542% year-to-date.
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Only 10% of total JTO supply distributed via airdrops; price expected to be volatile as more people claim and trade rewards.