VVV · an uncapped AI token minting faster than its buyback can burn.

Venice has no supply cap and mints new VVV every day, paying 100% of it to stakers as yield. About 0.99M VVV was minted over the 90 days to Jul 31 2026 — measured directly as the rise in on-chain total supply. The emission rate was cut to 3M a year on Jul 1 2026, so the forward pace is lower, about 0.74M over the next 90 days.

The founding team's 10M genesis allocation vests 7.5M linearly to Jan 27 2027, adding about 0.93M VVV to the market every 90 days. The pace carries straight through the next window, which closes before the vest ends. No readable on-chain vesting escrow was found, so the published schedule is used.

No public evidence of a discretionary release in window — monitored. The Venice.ai company treasury (over 30M VVV), a 10M incentive fund, and the Jul 2026 Series A investor grant (1.5M plus warrants for 5M more, locked for one year to about Jul 2027) are the tracked team-controlled overhangs. None released off-schedule this window.

No bankruptcy estate or court-ordered distribution applies to VVV.

Part of Venice's platform revenue buys VVV on the open market and sends it to the burn address permanently. About 69K VVV was burned over the 90 days to Jul 31 2026 — measured on-chain at the null address — which is only about 6% of what was minted. The burn is ramping: the last 30 days ran near 37K, and a new API-revenue burn was added on Jul 18 2026, so the forward pace is projected around 0.11M.

There is no separate per-transaction fee burn. The only path that destroys VVV is the revenue buyback-and-burn, which is tracked under programmatic buyback above rather than counted twice.

The company's open-market buying is the revenue buyback already counted above — there is no separate discretionary foundation buy — monitored.

Staking VVV earns newly minted yield rather than locking supply away, and the unstake cooldown is days, not years, so no new multi-year lock removes supply — monitored.