Venice.ai, an AI platform backed by Erik Voorhees, has reduced its annual VVV token emissions from 2.5 million to 2 million starting October 1, 2026. This reduction is part of a staged plan that has cut emissions by about 86% since the token's launch in January 2025. All new tokens go directly to stakers, with no allocation for the team, and the project uses revenue to buy back and burn tokens, aiming for a net deflationary effect. Venice recently reported a $100 million annualized revenue run rate and a $1 billion valuation, supporting its tokenomics model and potentially increasing token scarcity as emissions tighten further.
Venice's VVV token has a market cap of Rp23.66 trillion and trades at Rp488,748 per token on Pluang as of October 1, 2026, 23:21 WIB. The platform shows a 1-day price decline of 2.15% with a 69% sell order activity, reflecting some selling pressure despite the token's deflationary emission cuts. This trading behavior occurs alongside Venice.ai's ongoing efforts to reduce token emissions and enhance scarcity through buybacks and burns.
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