[Jito Foundation Announces Four Updates to JTO Tokenomics, Completes First Round of $1 Million JTO Buyback] BlockBeats News, September 4, Jito Foundation announced four updates to JTO tokenomics: · Completion of the first round of $1 million JTO buyback and future plans: A $1 million JTO buyback was completed in four batches over ten days. TWAP buyback strategies will continue to be used in the near future, while other mechanisms, such as an auction system, are being developed to enable automatic value accrual for JTO. · JIP-24 proposal passed, doubling DAO block engine fees. · Launch of the JTO Economic Hub page. · Hosting the first JTO token holders' conference call.