Jito tweeted that Jito DAO has released the JIP-38 proposal, officially establishing Jito as a token-centric network. All network revenues (including $JitoSOL, BAM, block engine fees, and the 80% share of JTX platform fees attributable to the DAO) will flow to the DAO and be governed by JTO.The proposal promises to use 100% of the JTX revenue share received by the DAO for open market buybacks and destruction of JTO. The execution period will be at least one year (until Q4 2027), programmatically executed by the Rev Splitter mechanism, with fee collection, buyback, and destruction data publicly disclosed each Epoch.A comprehensive reassessment of all fee flows will be conducted in Q4 2027, with token holders voting on the future direction.[Foresight News]
Jito tweeted that Jito DAO has released the JIP-38 proposal, officially establishing Jito as a token-centric network. All network revenues (including JitoSOL, BAM, block engine fees, and the 80% share of JTX platform fees attributable to the DAO) will flow to the DAO and be governed by JTO.The proposal promises to use 100% of the JTX revenue share received by the DAO for open market buybacks and destruction of JTO. The execution period will be at least one year (until Q4 2027), programmatically executed by the Rev Splitter mechanism, with fee collection, buyback, and destruction data publicly disclosed each Epoch.A comprehensive reassessment of all fee flows will be conducted in Q4 2027, with token holders voting on the future direction.[Foresight News]
Powered by ChatGPT
Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors