Venice AI updates token economics, introduces a buyback mechanism, and increases the DIEM supply cap

Venice AI announced an update to its tokenomics, with the main updates being the following two items:

New programmatic burning: From now on, for every purchase of $100 in API credit points, $5 will be used to buy and permanently burn VVV on the open market. DIEM supply target raised for the first time: gradually increased from 38,000 to 40,000 (an increase of 2,000), to be implemented in phases, with the highest target expected to be achieved by September 14.