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Jito Foundation announces four major updates to JTO tokenomics
On September 4, the Jito Foundation announced four updates to the JTO tokenomics.
Completion of the first round of $1 million JTO buyback and future plans: The $1 million JTO buyback was completed in four phases within ten days. In the near future, we 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 has been passed, and the DAO Block Engine fees have doubled.
Launch the JTO tokenomics center (Economic Hub) page.
Hold the first JTO token holder conference call.
Awesome, the buyback is really bold.