BlockBeats News, July 13th, Jito Network announced that it will allocate 100% of the income from the JTX platform fee split to buy back and burn the JTO token for a minimum of one year in the future.

According to the announcement, all income generated from the JTX fee split will continue to be used to buy back JTO from the secondary market, and the repurchased tokens will be permanently burned to reduce the circulating supply.