In summary
The Artificial Superintelligence Alliance (FET) announced that it will burn 5 million FET tokens on January 10th.
The Artificial Superintelligence Alliance stated that this will be the first time it has burned FET tokens.
The circulating supply of FET is approximately 2.609 billion.
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According to a recent announcement, the Artificial Superintelligence Alliance (FET) will burn 5 million FET tokens on January 10th.
Also read: CUDOS May Join ASI Alliance with Fetch, Singularity, and Ocean
FET Token Burn to Create Deflationary Pressure
In its announcement on X, the Artificial Superintelligence Alliance project stated that this will be the first time it has burned 5 million FET tokens. This milestone is part of the ASI Train model within its roadmap. It is inspired by the approach championed by Humayun. This move paves the way for an exciting year of decentralized AI and blockchain innovation, ushering in a more dynamic and inclusive digital economy in 2025.
On November 26, 2024, the ASI Alliance unveiled ASI: Train, an ambitious initiative dedicated to developing specialized foundational AI models designed to address complex, industry-specific challenges in the scientific and healthcare sectors. Launching with ‘Cortex,’ a brain-inspired robotics model, ASI: Train leverages a decentralized framework to enable researchers, investors, and community members to support AI development and share in its success.
According to BeInCrypto, data from CoinGecko shows that the circulating supply of FET is approximately 2.609 billion. With the current price of FET at around $1.49, a slight increase of 0.2% at the time of writing has brought the project’s market capitalization to $3.88 billion, ranking 45th in the market. The current price is still 58% lower than its March 2024 high of $3.45.
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