16% of the AIT supply burned! 🔥

After transitioning from our previous train-to-earn model to a new model deploying on Bittensor, we've completely shifted our reward mechanisms to $ETH.

Initially, we had allocated 30% of our total token supply to support the old train-to-earn model, with these tokens set to vest daily over the forthcoming 15 months.

Since these tokens are no longer designated for rewards, we've opted to burn ~16% of the total supply worth $90M in USD, equating to a burn of 150M $AIT today.

📸 Proof: https://etherscan.io/tx/0x6d96396814deb613b408e24bb60373de68690589f681bc636952458a44e340ea

Starting today, we plan to continue with a weekly burn of 2.5M $AIT for the next 15 months.

📌 Tweet:
https://x.com/AITProtocol/status/1760309109608288607?s=20