Jito has announced that it will allocate 100% of its network revenue to the buyback of JTO tokens, a move aimed at bolstering the token's value. Since August, the company has already executed $2.5 million in buybacks. This decision follows the approval of JIP-24, which directs all Block Engine fees and future BAM fees into the DAO treasury. The initiative will see monthly buybacks equal to the previous month's revenue, continuing indefinitely with DAO approval. Previously, the Jito Foundation completed its first round of JTO buybacks on September 4, totaling $1 million over ten days. Today's announcement marks the first time Jito has committed to a 100% revenue buyback ratio, underscoring its dedication to supporting the JTO token.