The Jito Foundation announced four updates to the JTO tokenomics and has completed the first round of $1 million JTO buyback

ChainCatcher news, Jito Foundation announces four updates on JTO token economics:

• Completion of the first round of $1 million JTO buyback and future plans: A $1 million JTO buyback was completed in four installments over ten days. The TWAP buyback strategy will continue to be used in the near future, while other mechanisms, such as an auction system, are being developed to achieve automatic accumulation of JTO value.
• JIP-24 proposal passed, DAO block engine fees doubled.
• Launch of the JTO Economic Hub page.
• Hosting the first JTO holder conference call.