Jito Foundation completes $1 million JTO buyback, DAO block engine fees doubled

Foresight News reports that the Jito Foundation has released four updates regarding the JTO tokenomics: the initial $1 million JTO buyback has been completed, and the CSD will continue to use TWAP buybacks in the short term while developing other mechanisms (such as an auction system) to automate JTO value accrual; JIP-24 has passed, doubling the DAO block engine fees, and the DAO will now receive 6% of fees from the Jito Block Engine; the JTO Economic Center page is now live; and the first token holder call will be held on September 24.