Venice AI said on July 18 that it has updated its tokenomics with two changes centered on token supply management. First, the project introduced a programmed burn mechanism tied to API credit purchases. Under the new arrangement, for every $100 spent on API credits, $5 will be used to buy VVV on the open market and permanently burn those tokens. Second, Venice AI raised its DIEM supply target for the first time. The target will increase in stages from 38,000 to 40,000, adding 2,000 units in total. According to the announcement, the phased rollout is expected to reach the maximum target on Sept. 14. The update was disclosed by Venice AI in an official announcement cited by BlockBeats.
Venice AI said on July 18 that it had updated its tokenomics, according to BlockBeats.
The update contains two main changes.
First, the project introduced a programmed burn mechanism. Under the new rule, for every $100 spent on API credits, $5 will be used to purchase VVV on the open market and permanently burn it.
Second, Venice AI raised its DIEM supply target for the first time. The target will increase in stages from 38,000 to 40,000, an increase of 2,000, with the rollout expected to reach the maximum target on Sept. 14.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
