Venice AI Updates Token Economics with Buyback and Burn Mechanism and DIEM Supply Cap Increase

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VVV
$12.4758.34%
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On July 18, 2026, Venice AI announced new token listings, including a programmatic burn mechanism wherein $5 from every $100 spent on API credits will be used to purchase and burn VVV tokens. The DIEM supply cap will increase in phases from 38,000 to 40,000, with the final target set for September 14. This update is part of broader AI and crypto developments shaping token economics.

BlockBeats news: On July 18, Venice AI announced an update to its tokenomics, primarily consisting of the following two items:


New programmatic burn: For every $100 in API credit purchased, $5 will be used to buy and permanently burn VVV on the open market.


DIEM supply target increased for the first time: raised gradually from 38,000 to 40,000 (an increase of 2,000), to be implemented in phases, with the target expected to be reached by September 14.

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