Derived from Blockbeats, on November 11, DeSci and AI asset issuance protocol Orama Labs announced the first burn of its governance token PYTHIA, destroying 215,310 tokens. This marks the official launch of its deflationary mechanism, reinforcing the long-term value of the tokenomics model. The burn follows the successful launch of Orama Labs' first ecosystem project, ZENO. According to previously disclosed tokenomics, 50% of platform transaction fees are directly returned to project creators, while the remainder is used for value-adding measures, including buybacks and burns. As a Solana-based protocol focused on DeSci and AI assets, Orama Labs demonstrated its commitment to building a sustainable, deflationary token economy.
Orama Labs Completes First PYTHIA Burn, Entering Deflationary Era
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