Venice AI has announced two changes to its tokenomics, according to ChainCatcher. The first is a new programmatic burn mechanism tied to API credit purchases. Under the update, every $100 spent on API credits will direct $5 to buy VVV on the open market and permanently burn those tokens. The second change is the first increase in the DIEM supply target. Venice AI said the target will be raised in stages from 38,000 to 40,000, adding 2,000 units in total. The company expects the maximum target to be reached on Sept. 14. The announcement focused on these two adjustments and did not include additional details in the source text.
Venice AI has updated its tokenomics, ChainCatcher reported, with two changes outlined in its announcement.
The first is a new programmatic burn mechanism. Under the revised model, every $100 spent on API credits will allocate $5 to buy VVV on the open market and permanently burn it.
The second is the first increase in the DIEM supply target. That target will rise in stages from 38,000 to 40,000, an increase of 2,000 in total, with the rollout set to happen in phases. Venice AI expects the maximum target to be reached on Sept. 14.
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