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Deep Tide TechFlow update: On July 13, according to an official announcement, Jito released its governance proposal JIP-38, aiming to formally establish Jito as a token-centered network. Per the proposal, 100% of the revenue share from JTX to the Jito DAO will be used for programmatic buybacks and burns of JTO, continuing for at least 1 year from the launch of JTX.
Driven by this news, JTO rose more than 10% in 24 hours.