MEV (maximum extractable value) describes profit opportunities that can be extracted from the specific order of transaction execution. Solana has experienced periods of network congestion from disorderly attempts by traders to capture MEV. Transaction fees are low so traders deploy bots to resend the same transactions hundreds of times, hoping one of those transactions lands profitably. Jito's MEV solution eliminates the benefit of spam while simultaneously increasing rewards for stakers.

The JTO governance token is a significant step in Jito's evolution, empowering community members to have a direct impact on the decision-making and direction of the Jito project. Token holders can make key decisions, including setting fees, updating delegation strategies, managing the treasury, and contributing to the ongoing development and improvement of Jito's protocols and products.

The Jito Foundation is a non-profit organization that organizes and coordinates decisions from the token holder community. Its mission is to enhance the staking economy, improve the Solana network, and empower the Jito project to operate at greater scale and speed.

The JTO token has several utilities, including governance, voting, and decision-making. Token holders can participate in the governance process, propose and vote on changes to the project, and contribute to the development and improvement of Jito's protocols and products.

The Jito Foundation is led by two independent Directors, with an independent Supervisor provided by FFP Corporate Services. The Foundation's DAO administrator is Webslinger, an advisory firm for leading crypto projects. Token holders have ultimate control over the Foundation with the ability to remove the Supervisor and Directors.

The Jito project aims to continue to evolve and improve, providing the best possible experience for its users. The project's vision is to become a leading player in the Solana ecosystem, providing a unique and innovative solution for users to maximize their staking rewards.

You can store your JTO tokens in a variety of wallets that support the Solana blockchain, such as Phantom or Solflare. It's recommended to use a reputable and secure wallet to store your JTO tokens, and to always follow best practices for securing your cryptocurrency holdings. Additionally, you can also store your JTO tokens on a hardware wallet, such as Ledger or Trezor, for added security.