AI TRENDS | Venice Updates Tokenomics for Base Chain AI Project

Venice, a Base chain AI project, has updated its tokenomics. According to Foresight News, the company said that for every $100 in credit purchased through Venice in the future, $5 will be used to buy and burn VVV. The new burn mechanism will appear as a separate item on the burn page alongside the existing Pro, Pro+, and Max subscription burn mechanisms. The supply target for DIEM has been raised from 38,000 to 40,000 DIEM and will be increased in four stages of 500 DIEM each, starting on August 3 and ending on September 14. Users will still receive $1 in daily API credits for each DIEM staked, with the credits refreshed daily.