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TechFlow news, July 13: According to official announcements, Jito announced governance proposal JIP-38, proposing to officially 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.
Driven by this news, JTO rose over 10% in 24 hours.
According to official announcements, Jito released governance proposal JIP-38, proposing to formally establish Jito as a token-centric network. Under the proposal, 100% of the revenue share from JTX received by Jito DAO will be allocated to the programmatic buyback and burn of JTO, lasting for at least one year starting from the launch of JTX.
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