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Venice AI updates tokenomics: introduces a buyback-and-burn mechanism to raise the DIEM supply cap
BlockBeats, July 18 — Venice AI released an announcement updating its tokenomics. The updates mainly include the following two items:
New programmed burn: going forward, for every $100 in API credit purchased, $5 will be used to buy VVV on the open market and permanently destroy it.
DIEM supply target raised for the first time: from 38,000, gradually increased to 40,000 (an increase of 2,000), to be implemented in phases, with the highest target expected to be reached by September 14.