Artificial intelligence pioneer NodeOps torches $2.2 million worth of $NODE tokens as an investment in augmenting its AI-driven dePIN vision.
In a significant move towards sustainability, transparency, and long-term value, NodeOps, a leading decentralised infrastructure powering verifiable compute, has entered the burn era in its tokenomics journey.
The AI-powered DePIN layer's economic backbone has been reinforced with the strategic reduction of its total supply. A total of 3% of the total $NODE supply, approximating 20,365,011.90 $NODE tokens, has been burned. This burn marks the permanent destination for future $NODE burns, sent to a provably irrecoverable Ethereum address.
The token burn initiative is the first milestone in NodeOps' long-term framework of Dynamic Mint & Burn. This economic commitment to sustainability, transparency, and long-term value is designed to empower token holders and reinforce the integrity of NodeOps' tokenomics.
On-chain burns anchored by NodeOps are intended to prevent reversal or manipulation possibilities, ensuring a secure and transparent process. The strategic reduction in circulation supply results in a decrease of 18.02%.
Naman Kabra, the Co-founder and CEO of NodeOps, stated that the burn strengthens the economic backbone of the AI-powered DePIN layer. He emphasised that this move is set to strengthen the integrity of NodeOps' tokenomics and create a transparent, verifiable, and sustainable future.
The network supports over $150M+ in assets under management and over 89,000 machines. With more than 24,000+ connected providers and empowering more than 700,000 users, NodeOps has solidified its reputation among the top 10 global DePIN projects. The platform generates $4.1M+ in revenue, further solidifying its position in the industry.
While the founder and CEO of NodeOps who announced the burn of more than $2.2 million worth of $NODE tokens is not mentioned in the provided search results, the impact of this move is clear. The burn era reinforces NodeOps' mission of creating a transparent, verifiable, and sustainable future, and sets a strong foundation for its economic alignment.
As NodeOps continues to grow and evolve, it remains committed to its mission and to providing a secure, transparent, and sustainable platform for its users and token holders. The burn era is just the beginning of NodeOps' journey towards a brighter, more sustainable future.
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