Venice has completed its second round of VVV token issuance reduction, lowering it to 4 million tokens per year.

CoinFeed reported on June 2nd that Venice, a privacy-preserving AI platform, announced on its X platform that the annual supply of VVV tokens has been reduced from 5 million to 4 million, marking the second reduction in a three-round plan. Previously, the supply was reduced from 6 million to 5 million on May 1st, and the next reduction will be from 4 million to 3 million on July 1st. The project aims to achieve net deflation of VVV through native yields, ensuring that the amount burned exceeds the supply issued.