🔥Jito releases JIP-38: commits 100% of JTX revenue to repurchase and burn JTO

🔴Jito has just posted a proposal for JIP-38 on the governance forum, officially positioning the network under a “token-centric” model—consolidating all ecosystem value into the token $JTO .

🔴Key contents of the proposal:
- 100% of the DAO revenue share received from the JTX marketplace (equivalent to 80% of total platform fees) will be used to buy back JTO on the open market and burn it permanently, lasting at least 1 year from the launch of JTX through Q4/2027
- The remaining 20% of fees will be reinvested into JTX itself
- Hard binding commitment: The cash flows cannot be redirected throughout the term; any change requires a separate JIP
- Buyback executed automatically via the Rev Splitter operated by the Dev Council—even though this power could be revoked by the DAO with a 12-hour timelock
- Transparent reporting per epoch: fees collected, amount of JTO bought and burned, with on-chain evidence
By Q4/2027, holders will vote on the next mechanism: expand buyback and burn to all fee streams, switch to buyback-and-distribute, or redistribute again.
🔴JIP-38 shows that JTO wants to mimic Pumpfun when the community asks “does the value belong to the token or equity”.
However, you also need to stay alert to not all-in on a mistake: The current commitment applies only to JTX—the revenue stream has not existed yet—since the exchange is expected to launch later this month. The existing major fee streams (BAM, block engine) will still run under the old mechanism through the end of Q3/2026.
Even if buyback is implemented, the projected buyback from JTX is only about $19M-$30M per year, while annual token emissions are as high as $96M-$128M, not counting vesting for the VC and team which continues unlocking through the end of 2026.