Jito Foundation Makes Four Updates to JTO Token Economics, Including Buyback Program

The Jito Foundation announced four updates to the JTO token economic model: 1. CSD repurchased $1 million worth of JTO tokens in four phases over 10 days. CSD will continue to use the time-weighted average price (TWAP) mechanism for repurchases, while developing additional mechanisms such as an auction system to automate the accumulation of JTO value.