Venice AI updates tokenomics: introduces buyback mechanism and increases DIEM supply cap
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According to BlockBeats, on July 18, Venice AI released an announcement updating its tokenomics, with the following main points:
New programmatic burn: For every $100 API credit purchased, $5 will be used to buy VVV on the open market and permanently burn it.
The DIEM supply target has been raised for the first time: increasing progressively from 38,000 to 40,000 (an increase of 2,000), implemented in phases, with the highest target expected to be achieved by September 14.
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