Key Burn Details
- •The OORT Foundation has burned 1.5 million OORT tokens to foster ecosystem growth.
- •Year-to-date, the foundation has burned a total of 8.27 million OORT tokens.
- •Since its inception, a cumulative total of 17.35 million OORT tokens have been burned.
- •In August, following a primary token unlock, 4 million OORT tokens valued at $116,000 were burned.
OORT Foundation Implements Deflationary Mechanisms
The OORT Foundation, an entity focused on scalable AI data collection, has announced its latest quarterly token burn. This initiative involves the permanent removal of 1.5 million OORT tokens from circulation, a move aimed at promoting ecosystem expansion and delivering enduring value to its community members.
The foundation is actively employing deflationary strategies to reduce the overall supply of OORT tokens. These mechanisms are designed to benefit community members and long-term holders by decreasing the token supply, thereby increasing scarcity and potentially driving demand.
Details of the Latest Token Burn
The OORT Foundation has executed another quarterly burn, permanently removing 1.5 million OORT tokens from circulation. This burn, valued at $33,810, took place on November 18th and is part of the foundation's ongoing commitment to enhancing long-term value for its community and ensuring the sustainable growth of the ecosystem. The burnt supply constitutes 0.08% of the ecosystem's total supply of 2 billion tokens and 0.23% of the current OORT circulating supply.
The token burn was conducted through two separate transactions. The first transaction, involving 900,000 OORT tokens, was processed via Gate.io, while the remaining 600,000 tokens were burned on Bitget. This event marks the fourth quarterly burn conducted by the foundation. In addition to this scheduled burn, the foundation also removed another 1,471,606 OORT tokens from circulation through a separate burning mechanism.
Previous Token Burn and Future Outlook
In August, the OORT Foundation initiated a significant primary token unlock. Concurrently, the foundation burned 4 million tokens, valued at $116,000. This action was described by the team as a step towards a more stable phase for the project's token economy. Following this unlock, the team indicated that approximately 6 million tokens would be unlocked each quarter for the subsequent two and a half years.
The foundation also outlined its strategy for achieving widespread adoption within its ecosystem. This strategy includes leveraging Deimos Edge Nodes I and II, alongside the Olympus Layer-1 blockchain, which is built on directed acyclic graph (DAG) technology. DAG technology offers a novel and more efficient approach to data structuring, utilizing less energy compared to traditional data structures.
Cumulative Token Burns in 2025
The OORT Foundation's consistent buyback and burn program has resulted in the removal of 8.272 million OORT tokens from circulation throughout 2025. This brings the total number of OORT tokens burned since the program's inception to 17.35 million. This cumulative burn represents 0.87% of the total 2 billion supply and 2.69% of the current circulating supply.
Looking ahead, the foundation has announced that starting from the current quarter, it will increase its allocation of revenue towards strategic marketing campaigns. Furthermore, a significant portion of the revenue will be dedicated to user acquisition initiatives for DataHub, the foundation's decentralized AI data cloud platform. The foundation has also pledged that a substantial amount of revenue will continue to be allocated for the buyback and burn of OORT tokens. As detailed in the announcement, the foundation will acquire OORT tokens from the open market and send them to a designated burn address, thereby permanently reducing the token supply from circulation.