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

BlockBeats News, September 4th, Jito Foundation announced four updates to the JTO tokenomics:

· Completion of the first round of $1 million JTO buyback and future plans: Completed in four parts within ten days, a $1 million JTO buyback. The foundation will continue to use the TWAP buyback strategy and develop other mechanisms such as an auction system to achieve automatic accumulation of JTO value.

· Approval of JIP-24 proposal, doubling the DAO block engine fee.

· Launch of the JTO Economic Hub page.
· Hosting the first JTO holder conference call.