AIT Protocol, a renowned data infrastructure platform, has recently made an exciting announcement regarding its native crypto token, $AIT. The company has taken steps to revamp the tokenomics of $AIT in order to ensure its growth and stability. This exclusive move was revealed on the popular social media platform, X, and has had a significant impact on the market sentiment, causing $AIT to surge by 10% today, reaching a price of $0.32.
AIT Revamped Tokenomics
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 Cliffs vesting for both early…
pic.twitter.com/wQ3GtOEVkL
— AIT Protocol (@AITProtocol)
May 17, 2024
AIT Protocol’s Updated Tokenomics Focus on the Stability and Growth of Its Token
In a recent post, AIT Protocol highlighted the dedication of its team to further improve the adoption and stability of the $AIT token. The company stated that it has made crucial modifications to the token’s tokenomics, aiming to enhance its value and sustainability.
Additionally, the platform provided an overview of the latest features incorporated into the tokenomics. It announced a significant decrease in inflation over the next six months and introduced exclusive cliffs that vest for early contributors and investors.
The Platform Conducts Buyback and Token Burn to Increase Value
In addition to these changes, AIT Protocol has also updated the maximum supply of the token to better serve its consumers. The platform is introducing a reflected token burn mechanism as a new feature in its unique tokenomics. It will allocate up to forty-five percent of the circulating coins for this purpose.
AIT Protocol believes that these developments mark the beginning of a new era of growth and adoption. The company successfully conducted a buyback of approximately $200K worth of tokens and subsequently burned them to increase the token’s value.
