DeAgentAI completes $5 million AIA buyback program, second round of token burn executed
According to ChainCatcher, DeAgentAI, a leading decentralized AI infrastructure project within the SUI and BNB ecosystems, has announced the completion of its AIA token buyback plan totaling 5 million USD. The first batch saw the destruction of 1 million AIA tokens executed earlier, and the second batch has now completed the destruction of 10 million AIA tokens, totaling 11 million AIA destroyed, which accounts for 23.1% of the total buyback volume. All tokens have been sent to a black hole address for permanent destruction.
It is noteworthy that DeAgentAI has officially launched its quarterly token burning mechanism, and AIA burn plans will be carried out on a quarterly basis going forward, marking the normalization of the deflationary mechanism. Buyback funds come from the project's protocol revenue and proprietary AI trading model yields, and are unrelated to external financing or additional token issuance.
On-chain burn record: 8G2MPM3sK7zEqax715HqLqAPzTvw6JV5yDUHepZ1Nycr
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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