The developers of Solana-based liquids-stacking protocol, Jito Network, have launched a native JTO management token with a circulating volume of 1 billion coins.

Jito is building infrastructure to reduce the negative impact from MEV bots on the core ecosystem. According to a statement from the company, the JitoMEV validator network manages 40% of the assets locked in Solana.

The launch of the native token will provide “community members with the ability to directly influence the decision-making and direction of the network,” including setting commissions for the staking pool, treasury revenue control and DAO.

Initially, 115 million JITOs are in circulation: about 34% of the tokens are for community growth, 25% for ecosystem development, 24.5% for core members, and 16% for investors.