Jito has announced governance proposal JIP-38, according to an official update cited by ChainCatcher. The proposal would formally define Jito as a token-centric network. Under the plan, 100% of the Jito DAO revenue share from JTX would be used for programmatic buybacks and burns of JTO. The proposal says this arrangement would last for at least one year starting from the launch of JTX. The update outlines a clear use of protocol-linked revenue for JTO, with the mechanism centered on buybacks and token burns through the DAO’s revenue share.
Jito has published governance proposal JIP-38, according to an official announcement cited by ChainCatcher. The proposal would formally establish Jito as a token-centric network.
Under the proposal, 100% of the Jito DAO revenue share from JTX would be allocated to programmatic buybacks and burns of JTO. The arrangement would run for at least one year from the launch of JTX.
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