🚀 Jito Foundation Announces Updates to JTO Token Economics
#JTO #JitoFoundation #TokenEconomics #TWAP #AuctionSystem #JIP24 #DAO #BlockEngineFees #EconomicHub #JTOConferenceCall
According to BlockBeats, the Jito Foundation has announced four significant updates to the JTO token economics. The foundation has completed its first round of JTO buybacks, totaling $1 million, executed in four transactions over ten days. The organization plans to continue using the TWAP buyback strategy and is exploring additional mechanisms, such as an auction system, to facilitate automatic value accumulation for JTO.
Additionally, the JIP-24 proposal has been approved, resulting in a doubling of the DAO block engine fees. The foundation has also launched the JTO Economic Hub page and held its first conference call for JTO holders.#JTO #JitoFoundation #TokenEconomics #TWAP #AuctionSystem #JIP24 #DAO #BlockEngineFees #EconomicHub #JTOConferenceCall