[Venice AI Updates Tokenomics: Introduces Buyback Mechanism, Increases DIEM Supply Cap] BlockBeats News, July 18, Venice AI announced an update to its tokenomics, with the following key changes: 1. Introduction of Programmatic Burning: Going forward, for every $100 spent on API credit purchases, $5 will be used to buy back and permanently burn VVV on the open market. 2. DIEM Supply Target Increased for the First Time: The supply cap will gradually rise from 38,000 to 40,000 (an increase of 2,000), implemented in phases and expected to reach the maximum target by September 14. [Original Link]