Jito Foundation updates JTO token economics with a buyback program

The CSD repurchased 1,000,000 USD in JTO tokens in four phases using a TWAP mechanism, with plans to add an auction system for value accumulation.

Following the JIP-24 proposal, DAO block engine fees doubled to 6%. The new JTO Token Economic Center now provides real-time insights into the protocol, ahead of the first token holder call on September 24.