Stock Ticker

NodeOps Burns $2.2M $NODE to Power its AI-Driven DePIN Future

NodeOps has completed its first official $NODE burn, permanently removing 20,365,011.90 $NODE (3% of the total supply) from circulation. The tokens were sent to a provably irrecoverable Ethereum address, which will serve as the destination for all future burns under NodeOps’ onchain-enforced tokenomics framework.This burn reduces the circulating supply by 18.02%.

This milestone establishes the foundation of NodeOps’ Dynamic Mint & Burn model, designed to balance growth with sustainability. By committing to regular burns tied directly to network revenue, NodeOps reinforces long-term value creation and transparency for $NODE holders. Unlike conventional token burns that rely on community convention, NodeOps enforces burns directly in the token contract, eliminating the possibility of reversals or recoverability.

Naman Kabra, Co-founder and CEO of Nodeops, said “This burn is more than a milestone. By permanently removing $2.2M worth of $NODE, we’re proving that value, trust, and transparency belong onchain — enforced by code. Each burn strengthens the economic backbone of an AI-powered DePIN layer designed to create lasting impact. With this first 20 million $NODE gone forever, we’ve entered a new era of sustainable tokenomics and this is only the beginning”

The official burn address is hardcoded into the $NODE contract and secured against any potential manipulation. As NodeOps Network generates revenue, all future burns will automatically flow to this address, providing a cumulative, auditable record of supply reduction that can be tracked in real time. This marks a significant step in reinforcing $NODE’s long-term value alignment, transparency, and ecosystem sustainability. Today, NodeOps powers a network of 700K+ users with $150M+ in AUM. With 89K+ machines and 24K+ providers connected, the platform has already generated $4.1M+ in revenue, placing it consistently among the top 10 DePIN projects worldwide for revenue growth.

Read Also: Gaia Labs Launches First Decentralized AI Smartphone With Limited Pre-Sale

Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.

Source link

Get RawNews Daily

Stay informed with our RawNews daily newsletter email

Yusei Kikuchi Shut Down For 3-4 Weeks

Ashlee Jenae’s Fiancé Joe McCann Breaks Silence After Tragic Death

Baby formula recalled after toxin found, FDA says

‘The Kamala Harris problem’: Vance’s 2028 hopes hinge on Trump, Iowa Republicans say