Jito Airdrops $225 mn Free Tokens
Jito, a decentralized finance (DeFi) liquid staking protocol based on the Solana (SOL) ecosystem, has completed its airdrop distribution, sharing over 90 million of its native token to early participants. The digital asset JTO, which serves as the governance token within the protocol, was listed on many Solana-based exchanges at a floor price of $1.20.
However, as users began trading the token, it accelerated to almost $2, bringing the total assets distributed to $225 million. Qualified users received airdrops ranging from 4,941 tokens to 104,391 tokens, depending on their interaction with the protocol using its liquid staking token (LST), jitoSOL. The Jito Foundation, the non-profit company overseeing the network, released the airdrop eligibility and allocation plan, allocating 80% of the airdrop to users who participated in the Jito Points program.
(With inputs from Shikha Singh)
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