Venice AI Updates Tokenomics With Programmatic Burn and DIEM Supply Increase to 40,000

VVV2.24%
According to BlockBeats, on July 18, Venice AI updated its tokenomics with two key measures. The protocol introduced a programmatic burn mechanism: for every $100 in API credits purchased, $5 will be used to buy back and permanently burn VVV tokens. Additionally, Venice AI increased its DIEM supply target from 38,000 to 40,000 (an addition of 2,000 tokens), to be implemented in phases and completed by September 14.
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