Diem DIEMVenice AI updates tokenomics: introduces a buyback mechanism to raise the DIEM supply cap
BlockBeats reports that on July 18, Venice AI announced updates to its tokenomics, with two main updates: New programmatic burn: From now on, for every $100 of API credit credits purchased, $5 will be used to buy and permanently burn VVV on the open market. DIEM supply targets have been raised for the first time: gradually increasing from 38,000 to 40,000 (an increase of 2,000), implemented in phases, with the highest target expected by September 14.