AIT Protocol, a well-known platform for data infrastructure, has recently announced a new development. As per the company, it has revamped the tokenomics of its native crypto token $AIT to guarantee its growth as well as stability. The platform took to the social media platform X to disclose the news of the exclusive move. This news, coupled with the overall market sentiment, has made $AIT pump 10% today reaching a price of $0.32.
AIT Revamped Tokenomics Our team is fully dedicated to ensuring the stability and growth of $AIT. We've made significant changes to enhance the sustainability and value of our ecosystem.Reduced inflation over the next 6 monthsNew 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 its recent post, the company highlighted the efforts of its team. It added that the team’s priority revolves around the further improvement of AIT in terms of adoption and stability. The firm also noted that it has effectively made several crucial modifications to the token concerning tokenomics. In this respect, it is reportedly endeavoring to improve the value and sustainability of its ecosystem.
In addition to this, the platform also provided a gist of the latest features that are now part of the tokenomics. It revealed that the altered tokenomics take into account a significant decrease in inflation. It clarified that the respective slump will occur in the upcoming six months. Additionally, it mentioned that the new tokenomics also include exclusive cliffs that vest for early contributors as well as investors.
The Platform Conducts Buyback and Token Burn to Elevate the Value
Apart from these additions to the tokenomics, the company has also updated the maximum supply of the token. In this way, the platform endeavors to facilitate the consumers. Moreover, another new feature that the firm is introducing is the reflected token burn mechanism. As another update in the unique tokenomics, the firm is allocating up to forty-five percent of the coins in circulation.
According to the AIT Protocol, this development would begin a new season of growth and adoption. It also brought to the front that the firm has successfully conducted the buyback of nearly $200K tokens. Following that, it has burned the respective tokens to increase the value of the token.