Orama Labs completes PYTHIA buyback and burn, PYTHIA enters deflationary phase.

Orama Labs, the DeSci & AI asset issuance protocol, today announced the burning of its governance token, PYTHIA. A total of 215,310 PYTHIA were burned, marking the official launch of its deflationary mechanism. Simultaneously with this burning, the Orama Labs ecosystem project ZENO successfully launched. According to the previously announced Tokenomics, the platform will directly return 50% of its transaction fee revenue to project creators to continuously support the development of ecosystem projects, with the remainder used to promote value-enabling measures, including buybacks and burnings.