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The Jito Foundation announced four updates to the JTO tokenomics and has completed the first round of $1 million JTO buyback.
BlockBeats news, on September 4th, the Jito Foundation announced four updates on JTO tokenomics: · Completed the first round of $1 million JTO buyback and future plans: In ten days, completed the buyback of $1 million worth of JTO in four batches. It will continue to use the TWAP buyback strategy while developing other mechanisms such as an auction system to achieve the automatic accumulation of JTO value. · The JIP-24 proposal passed, doubling the fees for the DAO Block engine. · Launched the JTO Economic Hub page. · Held the first conference call for JTO token holders.