Venice AI Project to Reduce VVV Token Emissions to 4 Million

Venice, an AI project on the Base chain, has announced plans to reduce its annual VVV token emissions from 5 million to 4 million. According to Foresight News, this marks the second phase of its emission reduction strategy, following a previous decrease from 6 million to 5 million on May 1. The ultimate goal is to further lower emissions to 3 million by July 1. This initiative aims to achieve net deflation for VVV tokens by ensuring that the token burn rate surpasses the emission rate, in conjunction with its native revenue mechanism.