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KGeN Burns 22M KGEN Tokens (10% of Circulating Supply), Introduces Deflationary Model

2026-06-04 15:41:48

KGEN-7.26%

According to Foresight News, distributed verification protocol KGeN will burn 22 million KGEN tokens, representing 10% of its circulating supply. The tokens come from unclaimed airdrops and unsold node allocation quotas.

KGeN will further implement a continuous deflationary mechanism by using profits generated from each new AI contract to buyback and burn KGEN tokens. The protocol commits to independent audits and on-chain verification of revenues, enabling token holders to transparently track the relationship between actual business growth and token value.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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