Venice Introduces $5 VVV Burn Per $100 Credit Purchase and Raises DIEM Supply Target

Venice implements a programmed token burn mechanism tied to credit purchases and increases the DIEM supply cap from 38,000 to 40,000 in four phases.

Woofun AI reports that Venice has updated its token economic model by introducing a new destruction mechanism. For every $100 of credit purchased, $5 will be allocated to buy and burn VVV tokens, with this option appearing separately on the destruction page alongside existing Pro, Pro+, and Max subscription burns.

The project also raised the DIEM supply target from 38,000 to 40,000. This expansion occurs in four phases, adding 500 DIEM per phase between August 3 and September 14. Stakers continue to receive $1 in daily API credit per staked DIEM, with the allowance refreshing every day.