Pocket Network has implemented a groundbreaking programmable deflationary mechanism in its Web3 protocol with the Shannon v1.31 upgrade. According to NS3.AI, this upgrade establishes a 2.5% deflation rate, ensuring that more tokens are burned than issued. This mechanism provides a permanent economic tool that allows governance to adjust the deflation rate dynamically without requiring code modifications.
In addition to this upgrade, Pocket Network has partnered with AnChain.AI, an AI-based blockchain compliance firm, to co-host a compliance-focused hackathon. The event features a prize pool of 2,000 USDC, aiming to encourage innovative solutions in blockchain compliance.