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

ChainCatcher News, Jito Foundation announced four updates to JTO tokenomics:

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