Wealth Code: JTO SOL Chain Ecosystem Important Infrastructure
Buy on the dip! Wait for the rebound!
After a long consolidation + positive news drive + good fundamentals = imminent rebound
Positive news ①: a16z announced it has invested 50 million dollars in the Solana ecosystem staking protocol Jito through its cryptocurrency division. In return for the investment, the company received a portion of Jito's cryptocurrency allocation.
Positive news ②: On September 4, Jito Foundation announced four updates to the JTO token economics:
· Completed the first round of 1 million dollars in JTO buyback and future plans: Completed the buyback of JTO worth 1 million dollars in four batches within ten days. Will continue to use the TWAP buyback strategy and develop other mechanisms, such as an auction system, to achieve automatic accumulation of JTO value.
· JIP-24 proposal passed, DAO block engine fees doubled.
· Launched the JTO Economic Hub page.
Spot entry points: 1.12 long position, 1.07, 1.02 add position
Considering the current market instability, it is inevitable that there will still be fluctuations downward, so remember not to use leverage and don't go all in!
The above information is shared for discussion and reference only! It is not a basis for investment transactions! Please make your own decisions on whether to purchase, and manage your profit-taking and stop-loss risk! Profit and loss are at your own risk!
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