Aethir Launches ATH Burn Dashboard and Daily Burns, Cumulative Burns Reach 4,364,413 ATH

On November 11 that, according to Aethir's official blog, the Aethir tokenomics update has entered the implementation phase, with the ATH burn dashboard now live and daily burns synchronized to launch. Burn executions are carried out on the Arbitrum network. As of now, a cumulative 4,364,413 ATH tokens have been burned, including 629,516 in the past 24 hours. Burns over the past week offset 18.48% of total emissions.

Daily burn volumes are determined by a formula using as inputs network revenue from the preceding 730 hours and the 30-day TWAP of ATH. Funds are sourced from a portion of network fees paid by clients reserving computing power. Fixed platform fees have been replaced by floating network fees. The fee is capped at the value of Cloud Host rewards, can drop to zero in weak markets, and leaves the Host's ATH emission schedule unaffected. Officials state that this mechanism allocates 25% of protocol fees to burns.

The burn mechanism has passed the CertiK audit, and the maximum supply of ATH remains at 42 billion. Aethir first announced this tokenomics update on October 21.