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Jito Network announced that it will use all JTX revenue to repurchase JTO over the next year.
BlockBeats message, July 13, Jito Network announced that it will allocate 100% of the revenue it receives from the JTX platform’s income share to use for buybacks and burns of JTO tokens for at least the next year.
According to the announcement, all proceeds generated from the JTX revenue share will be continuously used to buy back JTO from the secondary market, and the repurchased tokens will be permanently burned to reduce circulating supply.