On July 13, according to official news, Jito announced governance proposal JIP-38, which proposes to formally establish Jito as a token-centric network. According to the proposal, 100% of Jito DAO's revenue share from JTX will be used for programmatic buyback and burn of $JTO, lasting at least 1 year from the launch of JTX.
Affected by this news, $JTO rose over 10% in 24 hours.[TechFlow]