Orama Labs has completed its first PYTHIA buyback and burn, marking the official entry of PYTHIA into the deflationary era

DeSci & AI Asset Issuance Agreement Orama Labs today announced the execution of the first burn of its governance token $PYTHIA. A total of 215,310 PYTHIA tokens were burned, marking the official launch of its deflationary mechanism and further strengthening the long-term value support of the token economic model.

This burn follows the successful launch of Orama Labs' first ecological project, ZENO. According to the previously announced Tokenomics, the platform will return 50% of the fee income directly to project creators to continuously support the development of ecological projects, while the remaining portion will be used to promote value-empowering measures, including buybacks and burns.

As a issuance agreement focused on Desci and AI assets within the Solana ecosystem, Orama Labs demonstrates its commitment to building a sustainable, deflationary token economy through this burn.