Venice reduces the annual emission of VVV tokens to 4 million and plans to gradually achieve deflation.
The Base Chain AI project Venice announced on June 2nd that the annual emission of the VVV token was reduced from 5 million to 4 million, completing the second emission reduction. Previously, on May 1st, it was reduced from 6 million to 5 million, with a target to decrease to 3 million by July 1st. This move aims to achieve net deflation and ensure that the amount burned exceeds the emissions through the native revenue mechanism.