AIT Protocol, a renowned data infrastructure platform, has recently made an exciting announcement. The company has completely overhauled the tokenomics of its native cryptocurrency token, $AIT, in order to ensure its continued growth and stability. Taking to the social media platform X, AIT Protocol shared this exclusive news, which, when combined with the overall market sentiment, caused a 10% surge in the price of $AIT today, reaching $0.32.
AIT Revamps Tokenomics for a Bright Future
Our team is fully committed to ensuring the stability and growth of $AIT. We have implemented significant changes to enhance the sustainability and value of our ecosystem.
Reduced inflation over the next 6 months
️ New vesting cliffs for early contributors…
pic.twitter.com/wQ3GtOEVkL
— AIT Protocol (@AITProtocol)
May 17, 2024
AIT Protocol Focuses on Stability and Growth with Updated Tokenomics
In a recent post, AIT Protocol highlighted the dedication of its team and emphasized their focus on further improving AIT in terms of adoption and stability. The company also mentioned that it has made several crucial modifications to the token’s tokenomics, aiming to enhance the value and sustainability of its ecosystem.
Furthermore, the platform provided an overview of the latest features incorporated into the tokenomics. It revealed that the revised tokenomics include a significant decrease in inflation, which will be implemented in the next six months. Additionally, the new tokenomics introduce exclusive cliffs that vest for early contributors and investors.
Platform Implements Buyback and Token Burn to Enhance Value
In addition to these changes, the company has updated the maximum supply of the token, aiming to provide convenience for consumers. Moreover, a new feature introduced by the firm is the reflected token burn mechanism. As part of the unique tokenomics, the company will allocate up to forty-five percent of the circulating coins.
According to AIT Protocol, this development marks the beginning of a new era of growth and adoption. The company also revealed that it has successfully conducted a buyback of nearly $200K worth of tokens, which were subsequently burned to increase the value of the token.