Jito Network has proposed JIP-38, a governance plan to allocate 80% of its revenue share from the upcoming JTX Trade platform entirely to automated buybacks and burns of its JTO token for at least one year. This means all fees Jito earns from JTX Trade will be used to buy JTO tokens on the open market and then permanently remove them from circulation, creating consistent buying pressure and reducing supply. JTX Trade is a new self-custodial trading terminal targeting experienced retail traders, with plans to expand from spot trading to futures and prediction markets. The proposal signals Jito's confidence in JTX Trade's fee generation and emphasizes transparency and shareholder-friendly governance by making buybacks verifiable on-chain.
Jito has introduced JIP-38, a governance proposal making the protocol token-centric by directing all major network revenues to the DAO, governed by JTO token holders. The proposal commits 100% of the DAO's share of JTX platform fees to automatic buyb...
Jito, a Solana-based liquid staking protocol, is launching the JTX Trade app, a unified trading platform with perpetual and prediction markets. The platform plans to use 80% of its fees for JTO token buybacks, potentially driving a 2-5% buyback in th...
