July 13th news, according to a Jito announcement, JIP-38 has officially taken effect, establishing Jito as a "Token-Centric Network."
According to the proposal, 80% of the JTX platform transaction fees will flow into the DAO. The DAO's 100% revenue share will be used for programmatic buyback and burn of $JTO, lasting at least until Q4 2027; the remaining 20% of JTX transaction fees will be used for JTX platform development.All buyback and burn transactions can be verified on-chain. Future revenue distribution plans will be decided by $JTO holders through governance.[PANews]