KGeN to Burn 10% of Token Supply and Implement Deflationary Mechanism
2026-06-04 15:34:09
KGeN, a distributed verification protocol, plans to burn 22 million tokens, representing 10% of its circulating supply. According to Foresight News, these tokens originate from unclaimed airdrops and unsold node allocation tokens. Additionally, KGeN intends to use profits from each new AI contract to repurchase and burn KGEN tokens, establishing a continuous deflationary mechanism. The company has committed to conducting independent audits of its revenue and providing on-chain public verification, allowing token holders to transparently track the connection between actual business growth and token value.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
