BlockBeats News, October 22nd, Jito officially announced that 100% of the Jito Network revenue will be used for ongoing JTO token buybacks. A $2.5 million buyback has been executed from August to the present. Since JIP-24 passed, 100% of Block Engine fees and future BAM fees will flow into the DAO treasury. Effective immediately, 100% of DAO-generated revenue will be used for ongoing JTO token buybacks, with the monthly buyback amount matching the previous month’s revenue generation, continuing indefinitely (subject to DAO approval).
Blog
