The Jito Foundation announced four updates to the JTO token economics and completed its first round of $1 million in JTO buybacks.

According to Mars Finance, the Jito Foundation announced four updates to the JTO token economics: · Completion of the first round of $1 million in JTO buybacks and future plans: The first round of $1 million in JTO buybacks was completed in four installments over ten days. The Foundation will continue to utilize the TWAP buyback strategy in the near future, while developing other mechanisms, such as an auction system, to automatically accumulate JTO value. · JIP-24 passed, doubling DAO block engine fees. · Launched the JTO Economic Hub. · Held the first JTO holder conference call.