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Orama Labs has completed the first PYTHIA buyback and burn, marking PYTHIA's official entry into the era of deflation.
BlockBeats News, November 11th, DeSci and AI Asset Issuance Protocol Orama Labs today announced the first burn of its governance token PYTHIA. A total of 215,310 PYTHIA tokens were burned in this event, marking the official launch of its deflationary mechanism, further strengthening the long-term value proposition of the tokenomics.
This burn comes shortly after the successful launch of Orama Labs' first ecosystem project, ZENO. According to the previously announced Tokenomics, the platform will directly return 50% of the fee revenue to the project creators to continue supporting ecosystem project development, while the remaining portion will be used to drive value empowerment measures including buyback and burn.
As an issuance protocol in the Solana ecosystem focusing on DeSci and AI-related assets, Orama Labs has demonstrated its commitment to building a sustainable, deflationary token economy through this burn event.
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