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

Odaily Planet Daily reports that 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.

Concurrently with this token burning, Orama Labs' first ecosystem project, ZENO, was 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, while the remainder will be used to promote value-enabling measures, including buybacks and burning.