Jito Foundation announces four updates to the JTO Tokenomics and has completed the first round of a $1 million JTO buyback.
BlockBeats News, September 4th, Jito Foundation announced four updates to the JTO tokenomics:
· Completion of the first round of $1 million JTO buyback and future plans: Completed in four parts within ten days, a $1 million JTO buyback. The foundation will continue to use the TWAP buyback strategy and develop other mechanisms such as an auction system to achieve automatic accumulation of JTO value.
· Approval of JIP-24 proposal, doubling the DAO block engine fee.
· Launch of the JTO Economic Hub page.
· Hosting the first JTO holder conference call.
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