Distributed verification protocol KGeN will burn 10% of the circulating supply of tokens and introduce a deflationary model.
Foresight News reported that the distributed validation protocol KGeN will burn 22 million tokens, representing 10% of the circulating supply. These tokens come from unclaimed airdrops and unsold node allocation tokens. In addition, KGeN will use profits generated from each new AI contract to repurchase and burn KGEN tokens, thereby implementing a continuous token deflation mechanism. KGeN stated it will conduct independent audits of its revenue and publish verifiable results on-chain, allowing token holders to transparently track the relationship between real business growth and token value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wells Fargo lowers UnitedHealth target price to $487
JPMorgan Private Bank: Without the end of the rate hike cycle, gold prices are unlikely to bottom out, and there is almost no support below $4,000.
JPMorgan Private Bank believes that before interest rates reach their peak, it will be difficult to confirm a bottom for gold prices. Thin liquidity coupled with expectations of further rate hikes this year present significant downward pressure. Chinese consumers are increasing their physical gold holdings, providing some support; however, Indian buyers are delaying festival purchases due to expectations that the price decline has not yet ended, substantially weakening demand-side support. For gold prices to regain upward momentum, multiple conditions need to coincide, including a drop in oil prices, cooling inflation, and a weaker US dollar.
JPMorgan raises the target price of VISA to $455.
Crypto prices
More
