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LAYERAI has destroyed LAI tokens worth $20,000, with a total destruction volume reaching 100 million.

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#Layer2
$LAI
Odaily
260Words
Apr 2, 2024

LAYERAI, an AI-based two-layer network platform, recently announced the destruction of $20,000 worth of $LAI tokens from ecosystem fee revenue. $LAI tokens are the core deflationary assets of LAYERAI, and nearly 100 million $LAI tokens have been destroyed, accounting for 3% of the total supply. This action signifies LAYERAI's adjustment to its token economic model, aiming to increase scarcity and value by reducing the circulating token supply.

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