Orama Labs completes first PYTHIA buyback and burn, marking the official entry of PYTHIA into a deflationary era
ChainCatcher reported that DeSci & AI asset issuance protocol Orama Labs today announced the execution of its first burn of governance token $PYTHIA. A total of 215,310 PYTHIA tokens were burned, marking the official launch of its deflationary mechanism and further strengthening the long-term value support of its token economic model.
This burn follows the successful launch of Orama Labs' first ecosystem project, ZENO. According to previously announced Tokenomics, the platform will return 50% of fee income directly to project creators to continuously support the development of ecosystem projects, while the remaining portion will be used to promote value-empowering measures including buyback and burn.
As an issuance protocol in the Solana ecosystem focused on DeSci and AI assets, Orama Labs has demonstrated its commitment to building a sustainable, deflationary token economy through this burn.
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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