Aethir Launches ATH Burn Dashboard and Initiates Daily Burns, with a Cumulative 4,364,413 ATH Burned

According to TechFlow, on November 11, Aethir's official blog reported that Aethir's tokenomics update has entered the execution phase, with the ATH Burn Dashboard launched and daily burns beginning at the same time. Burns are executed on the Arbitrum network. As of now, 4,364,413 ATH have been burned cumulatively, 629,516 ATH have been burned in the past 24 hours, and burns over the past week have offset 18.48% of total emissions.

The daily burn amount is determined by a formula, with inputs including network revenue from the preceding 730 hours and the 30-day TWAP of ATH. The funds come from a portion of the network fees paid by customers for computing power reservations. Fixed platform fees have been replaced with variable network fees. The cap on these fees is the value of Cloud Host rewards, and it can drop to zero when the market weakens. The ATH emission schedule for Hosts remains unchanged. The official stated that this mechanism directs 25% of protocol fees to burns.

The burn mechanism has been audited by CertiK, and the maximum supply of ATH remains 42 billion. Aethir had previously announced this tokenomics update on October 21.

Source: TechFlow