Orama Labs has completed the first PYTHIA buyback and burn, marking PYTHIA's official entry into the era of deflation.
BlockBeats News, November 11th, DeSci and AI Asset Issuance Protocol Orama Labs today announced the first burn of its governance token PYTHIA. A total of 215,310 PYTHIA tokens were burned in this event, marking the official launch of its deflationary mechanism, further strengthening the long-term value proposition of the tokenomics.
This burn comes shortly after the successful launch of Orama Labs' first ecosystem project, ZENO. According to the previously announced Tokenomics, the platform will directly return 50% of the fee revenue to the project creators to continue supporting ecosystem project development, while the remaining portion will be used to drive value empowerment measures including buyback and burn.
As an issuance protocol in the Solana ecosystem focusing on DeSci and AI-related assets, Orama Labs has demonstrated its commitment to building a sustainable, deflationary token economy through this burn event.
You may also like

Oracle "Outage": Aave Faces $27 Million Irregular Liquidation

A single tweet caused a 17% crash in oil prices, who's not a Meme yet

March 11th Market Key Intelligence, How Much Did You Miss?

Benefit-Loaded Event | With over 500 sign-ups, how else can this Lobster Tug-of-War Extravaganza be spiced up?

a16z’s Brutal Lesson to Crypto Founders: Why Enterprises Don’t Buy the Best Technology?

The rivers and lakes are no more, Li Lin returns

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event
Earn up to 300% APR with WEEX Auto Earn in this limited-time crypto earning campaign. Activate Auto Earn, invite friends, and unlock additional referral crypto rewards before March 25.

BitsLab Deep Production: Nanobot User Security Practice Guide

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

Why Hasn't $160 Billion Stripe Gone Public?

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets

Who Longs War on Polymarket?

4 AI Trading Strategy Lessons from WEEX Hackathon Finalist
Finalist Bambi shares how AI tools helped turn real trading experience into an automated strategy, why survival-first risk control shaped the system’s design, and how the approach will evolve ahead of WEEX AI Trading Hackathon Season 2.

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure
