DeAgentAI has successfully completed its $5 million AIA token buyback program, culminating in the burning of a total of 11 million AIA tokens. The decentralized AI infrastructure project, part of the SUI and BNB ecosystem, executed the second batch burn of 10 million AIA tokens, following an earlier burn of 1 million tokens. This accounts for 23.1% of all buyback tokens, which have been permanently destroyed by sending them to a black hole address.
The project has also announced the initiation of a quarterly burn mechanism, ensuring the continuation of its deflationary strategy. The buyback was funded through protocol revenue and profits from DeAgentAI's proprietary AI trading models, without reliance on external financing or additional token issuance.
DeAgentAI Completes $5 Million AIA Token Buyback and Burn
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