Orama Labs completes first PYTHIA buyback and burn, destroying a total of 215,310 tokens
Foresight News reported that DeSci and AI asset issuance protocol Orama Labs announced today the execution of the first burn of its governance token PYTHIA, with a total of 215,310 PYTHIA tokens burned.
This burn took place after the launch of Orama Labs' first ecosystem project, ZENO. According to the previously released 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 drive value-enhancing measures, including buyback and burn initiatives.
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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