
- Kamino is a Solana-based project that offers unlimited mobile data plans. It uses Concentrated Liquidity Market Makers (CLMMs) to provide automated and optimized liquidity management for decentralized exchanges (DEXs) on Solana. Kamino also issues kTokens, which are fungible tokens that represent CLMM positions.
- Jito is a liquid staking and MEV (Maximal Extractable Value)provider on Solana that recently launched its governance token JTO. Jito enables Solana validators to earn and redistribute MEV rewards, which are profits from exploiting market inefficiencies and arbitrage opportunities. Jito also offers JitoSOL, which are liquid tokens that represent staked SOL.
- Jito will airdrop 100 million JTO tokens to its community, which includes JitoSOL holders, Solana validators running the Jito Solana MEV clients, and those using Jito’s MEV services. The airdrop is based on a snapshot taken on November 25, 2023. The JTO token distribution will start on December 1, 2023.
- JTO token holders will be able to vote on key decisions for the Jito network, such as fees, delegation strategies, and product development. JTO token holders will also benefit from the growth and innovation of the Jito ecosystem
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How to participate in the Jito airdrop is as follows:
- To be eligible for the Jito airdrop, you need to have used Jito's services before November 25, 2023, when a snapshot was taken.
- If you have JitoSOL tokens in your wallet, you can earn Jito Points by keeping them there. Jito Points can be redeemed for JTO tokens once they are distributed².
- If you are a Solana validator running the Jito Solana MEV client, you will also receive JTO tokens based on your stake and performance.
- If you are using Jito's MEV services, such as arbitrage or front-running, you will also get JTO tokens proportional to your activity.
- You can check your eligibility and claim your JTO tokens on the Jito website.
Following the success of Jito tokens Kamino plans to airdrop it's on token soon.
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