Crypto currency protocols serve and earn income in return. Some spend it for development. Some of them use token from open markets to collect and burn them and some return the community. Jito is preparing for something new. Consider the JIP-24 suggestion and details.
JTO Coin News
Solana Jito Labs, one of the largest infrastructure protocols on its network, presented a new governance proposal called JIP-24. This suggestion all Block Engine and Block Assembly Marketplace (BAM) fees directly DAO aims to direct the treasure. This is explained as a step -supporting step in terms of development.
If the approval comes, the DAO protocol will focus on the control of income flow and DAO will begin to play a more active role in development. This is a supportive step for the JTO price. So how are the wages divided? DAO and Jito Labs are distributed jointly and this proposal eliminates the division and sends all of them to DAO.
“This proposal reflects the commitment of the Jito ecosystem to ensure that the protocol fees are transferred directly to the token owners in the most optimal way possible, and positions DAO at the center of Jito Network’s technical and economic governance.” -JIP-24 offer
Acceptance of the proposal will see that the annual revenue of $ 15 million is transferred to DAO for development. At the same time, these funds will be used for initiatives developed by CryptoeComics Subdao (CSD). A governance subgroup in charge of designing strategies for the increase in value of the CSD TOKE.
JTO Coin Price
Following the proposal, the price is rapidly rising up to $ 1.78, but the article finds buyers for $ 1.65 at the time of being prepared. The weakness in Solana price also adversely affects the token graphics of the protocols in the network. In particular, the fluctuation in which the price of BTC for the last 1 hour is the basis of weakness. BTC went down to 113 thousand dollars.
1.56 dollars for a long time JTO The support point for it and its breaking it can bring the $ 1.41 test. The closes of six $ 1.68 seem to prepare the ground for deeper corrections. Thus BTC The weakness in the price confirms this.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
