Jito Foundation Updates JTO Token Economics, First Round of $1 Million JTO Buyback Completed

Odaily Planet Daily News: The Jito Foundation published a post on the X platform announcing four updates to the JTO token economics:

1. Completion of the first round of $1 million JTO repurchase and future plans: We completed a $1 million JTO repurchase in four installments over ten days. We will continue to utilize the TWAP repurchase strategy in the near future, while developing other mechanisms, such as an auction system, to automatically accumulate JTO value.

2. JIP-24 proposal passed, and DAO block engine fees doubled.

3. Launch the JTO Economic Hub page.

4. Hold the first JTO holders’ conference call.