Aethir Tokenomics Update Implemented, ATH First-Week Burn Offset 18.48% of Emissions
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AT A GLANCE
Aethir announced the launch of the ATH burn dashboard and daily burn mechanism, stating that the first week's burn volume offset 18.48% of the total release volume.
Article
Aethir Tokenomics Update Implemented: ATH Burn Dashboard Officially Launched, First Week Offsets 18.48% of Release Volume
BlockBeats news, November 11, Aethir announced that its previously proposed tokenomics update has been officially implemented, with the highly anticipated ATH burn dashboard and the first batch of daily burns going live simultaneously.
According to official information, under the new mechanism, funds for ATH burns are derived entirely from network fees paid by customers when booking compute power. Fixed platform fees have been eliminated and replaced with floating network fees that vary with market conditions. The specific amount burned each time is automatically calculated by a public formula that incorporates network revenue from the previous 730 hours and the 30-day ATH time-weighted average price, ensuring that the scale of burns closely tracks real network activity.
Currently, this mechanism has generated preliminary data, with a cumulative burn volume reaching 4,364,413 ATH tokens. Of this, 629,516 tokens were burned in the past 24 hours, and the burn volume over the past 1 week has offset 18.48% of the total release volume. To ensure absolute transparency, all burns are executed on the Arbitrum network and sent to a public black hole address, allowing anyone to verify every transaction record via the dashboard or an on-chain explorer.
In addition, the new mechanism sets a hard cap to ensure that floating network fees never exceed the value of cloud host rewards. This means that while safeguarding cloud host earnings, the maximum supply of ATH will always remain at 42000000000 tokens. As more compute sites come online in the future, related revenues will be incorporated into this set of public, day-by-day verifiable burn mechanisms.
Original link https://m.theblockbeats.info/flash/376774
Key points
01
BlockBeats reported on November 11 that Aethir announced the previously proposed tokenomics update has been implemented, with the ATH burn dashboard and the first batch of daily burns going live simultaneously.
02
According to the official introduction, the burned funds come entirely from the network fees paid by customers when reserving computing power, and the fixed platform fees have been replaced by floating network fees.
03
According to the official introduction, the burn amount is automatically calculated by a public formula that uses network revenue from the previous 730 hours and the 30-day ATH time-weighted average price.
04
The report lists a cumulative burn amount of 4,364,413 ATH, with 629,516 burned in the past 24 hours, and the burn amount over the past 1 week offsetting 18.48% of total emissions.
05
The report states that the destruction was executed on the Arbitrum network, and the tokens were sent to a public burn address, which can be verified through a dashboard or on-chain explorer.
06
According to official information, the floating network fee will not exceed the value of the cloud host rewards, and the maximum supply of ATH is maintained at 42000000000 tokens.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
According to the project team's description, the network fees paid by customers for computing power reservations are used to burn ATH, with the specific amount burned calculated based on network revenue and the average token price over a period of time. The so-called first-week offset of 18.48% of the release volume is a comparison between the burn amount and the release volume during the same period; it does not mean that all released tokens have been offset, nor does it represent a price increase.
Why it matters to readers
This update links network fees to ATH burn and provides dashboards and on-chain records as verification entry points. Understanding its actual effects requires distinguishing between the amount burned, the amount released, and the maximum supply, without conflating these metrics.
Beginners should focus on understanding: burning means sending tokens to a black hole address; offsetting part of the release does not mean there is no new release; maximum supply also does not equal current circulating supply.
Risks and unknowns
The material provided is a media account of information from the project party, and the quantity destroyed and the offset ratio of 18.48% have not been independently verified.
The original text does not list the complete calculation formula, the total release amount for the first week, or the specific statistical start and end times, making it impossible to recalculate the offset ratio based on this.
Related Developments
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The original text does not provide a dashboard URL, black hole address, or transaction hash, so the burn records cannot be verified based solely on the provided content.
The fee cap, the protection of cloud host earnings from impairment, and the mechanism for incorporating future site revenue are all described by the project party; the materials do not provide independent verification.
Related concepts
Token Burn
This term is not in the glossary yet. Browse related concepts in the glossary.
