Orama Labs completes the PYTHIA buyback and burn, PYTHIA enters the deflationary process

DeSci & AI Asset Issuance Agreement Orama Labs announced the execution of the destruction of its governance token PYTHIA. A total of 215,310 PYTHIA tokens were destroyed, marking the official launch of its deflationary mechanism.

At the same time as this destruction, Orama Labs' ecological project ZENO successfully launched. According to the previously announced Tokenomics, the platform will return 50% of the fee income directly to project creators to continuously support the development of ecological projects, while the remaining portion will be used to promote value-empowering measures, including buybacks and destruction.