On July 13 (UTC+8), Jito tweeted that the Jito $DAO has published JIP-38, formally establishing Jito as a token-centric network. All network revenue—including $JitoSOL, BAM, block engine fees, and 80% of the JTX platform fees allocated to the $DAO—will flow to the $DAO and be governed by JTO.
The proposal commits 100% of the JTX revenue received by the $DAO to open-market $JTO buybacks and burns, with execution lasting for at least one year (through Q4 2027). This process will be programmatically executed via the Rev Splitter mechanism, with fee collection, buyback, and burn data publicly disclosed each Epoch.A comprehensive reassessment of all revenue streams will occur in Q4 2027, with subsequent direction determined by a vote of token holders. (Source: Foresight News)[ME News]