Venice, a privacy-focused AI platform, announced on X platform that it has reduced the annual issuance of its VVV token from 5 million to 4 million. This marks the second phase of a three-step reduction plan. Previously, on May 1, the issuance was cut from 6 million to 5 million. The final reduction is scheduled for July 1, when the issuance will decrease from 4 million to 3 million. The project aims to achieve net deflation of VVV through native revenue, ensuring that the amount burned exceeds the issuance.