DeAgentAI, a decentralized AI infrastructure project in the SUI and BNB ecosystems, said it has completed a $5 million AIA token buyback program. The project said the first burn of 1 million AIA had been carried out earlier, while a second burn of 10 million AIA has now been completed. In total, 11 million AIA have been burned, accounting for 23.1% of the total amount repurchased, with all of the tokens sent to a black hole address for permanent removal from circulation. The team also said its quarterly burn mechanism is now live, which means future AIA burns will continue on a quarterly basis. According to DeAgentAI, the funds used for the buyback came from protocol revenue and returns generated by its in-house AI trading model, rather than external financing or new token issuance. The on-chain burn record provided by the project is 8G2MPM3sK7zEqax715HqLqAPzTvw6JV5yDUHepZ1Nycr.
According to ChainCatcher, DeAgentAI, a decentralized AI infrastructure project in the SUI and BNB ecosystems, said it has completed a $5 million AIA token buyback program.
The project said an initial burn of 1 million AIA had been executed earlier. A second burn covering 10 million AIA has now been completed, bringing the cumulative number of burned tokens to 11 million AIA. That figure represents 23.1% of the total amount repurchased, and all of the tokens were sent to a black hole address for permanent destruction.
DeAgentAI also said its quarterly burn mechanism has officially gone live. Future AIA burn plans will be carried out on a quarterly basis, making the token’s deflationary mechanism a standing arrangement.
According to the project, the funds used for the buyback came from protocol revenue and profits generated by its proprietary AI trading model, and were not related to external fundraising or additional token issuance.
The on-chain burn record listed by the project is 8G2MPM3sK7zEqax715HqLqAPzTvw6JV5yDUHepZ1Nycr.
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