PANews reported on September 5th that Jito, the Solana ecosystem's liquidity staking protocol, announced on the X platform that the Jito Foundation has launched four updates to its JTO token economics: 1. The CSD repurchased $1 million worth of JTO tokens in four phases over 10 days. The CSD will continue to use the time-weighted average price (TWAP) mechanism for repurchases, while developing additional mechanisms such as an auction system to automate JTO value accumulation; 2. The JIP-24 proposal was passed, doubling DAO block engine fees. The DAO will now receive a 6% fee share from the Jito block engine; 3. The JTO Token Economic Center was launched, providing a real-time overview of the protocol's health, covering multiple dimensions such as revenue, financial status, governance, and token performance; 4. The first token holder call will be held on September 24th, which will provide an overview of Jito's development over the past quarter, future plans, and provide a question-and-answer opportunity for token holders.PANews reported on September 5th that Jito, the Solana ecosystem's liquidity staking protocol, announced on the X platform that the Jito Foundation has launched four updates to its JTO token economics: 1. The CSD repurchased $1 million worth of JTO tokens in four phases over 10 days. The CSD will continue to use the time-weighted average price (TWAP) mechanism for repurchases, while developing additional mechanisms such as an auction system to automate JTO value accumulation; 2. The JIP-24 proposal was passed, doubling DAO block engine fees. The DAO will now receive a 6% fee share from the Jito block engine; 3. The JTO Token Economic Center was launched, providing a real-time overview of the protocol's health, covering multiple dimensions such as revenue, financial status, governance, and token performance; 4. The first token holder call will be held on September 24th, which will provide an overview of Jito's development over the past quarter, future plans, and provide a question-and-answer opportunity for token holders.
Jito Foundation Makes Four Updates to JTO Token Economics, Including Buyback Program
PANews reported on September 5th that Jito, the Solana ecosystem's liquidity staking protocol, announced on the X platform that the Jito Foundation has launched four updates to its JTO token economics: 1. The CSD repurchased $1 million worth of JTO tokens in four phases over 10 days. The CSD will continue to use the time-weighted average price (TWAP) mechanism for repurchases, while developing additional mechanisms such as an auction system to automate JTO value accumulation; 2. The JIP-24 proposal was passed, doubling DAO block engine fees. The DAO will now receive a 6% fee share from the Jito block engine; 3. The JTO Token Economic Center was launched, providing a real-time overview of the protocol's health, covering multiple dimensions such as revenue, financial status, governance, and token performance; 4. The first token holder call will be held on September 24th, which will provide an overview of Jito's development over the past quarter, future plans, and provide a question-and-answer opportunity for token holders.
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