Ionet burned one million IO tokens in the first month after implementing its token burn mechanism and reported cumulative revenue of $25.75 million.
According to NS3.AI, the network introduced the Incentive Dynamic Engine in June, a system designed to use service revenue to permanently burn IO tokens.
The update ties token burns directly to service revenue, with the stated aim of reducing the IO token supply over time.
Ionet Burns 1 Million IO Tokens in First Month After Launching Burn Mechanism
2026-07-08 09:35:57
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