AgentLayer’s First Anniversary Celebration: Token Burn Initiative Launched, Joint Celebration with Gate.io, and Strong Momentum with Bitpanda Listing

AgentLayer
4 min readNov 29, 2024

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According to the official announcement, this token burn involved a total of 1,004,019 $AGENT tokens, which were sourced from 25% of the November audits and AI Agents’ revenue.

On the occasion of AgentLayer’s first anniversary, in order to further enhance the value and scarcity of the $AGENT token and maintain the balance of the token economy, AgentLayer officially completed its first token burn event on November 30th, Singapore time. This token burn not only signifies new initiatives in AgentLayer’s token management but also foreshadows a steady increase in the future value of the $AGENT token.

According to the official announcement, this token burn involved a total of 1,004,019 $AGENT tokens, which were sourced from 25% of the AI Agents’ revenue. This mechanism will serve as a regular management measure, conducted monthly to ensure reasonable control over the circulation of $AGENT tokens. Through this action, AgentLayer aims to gradually reduce the supply of tokens in circulation, thereby enhancing their scarcity and creating greater value space for investors.

According to the official announcement, this token burn involved a total of 1,004,019 $AGENT tokens, which were sourced from 25% of the November audits and AI Agents’ revenue.

The transparency and fairness of this token burn have been fully guaranteed, with all destruction processes recorded through blockchain technology and publicly queryable. The successful large-scale destruction has reduced the total supply of $AGENT tokens to 998,995,979. This move not only reflects AgentLayer’s respect for and protection of investors’ interests but also demonstrates its professionalism and rigor in token economic management.

[Transaction Details](https://basescan.org/tx/0xe7b5ae694c1db7497510861f21014115ace1144e25eecdd1bcb9b7814daa1343)

The successful large-scale destruction has reduced the total supply of $AGENT tokens to 998,995,979.

To Celebrate This Important Moment and to Show Gratitude for the Support and Trust of Investors, AgentLayer Has Joined Hands with the Well-Known Digital Currency Trading Platform Gate.io to Launch a Series of Lucrative Welfare Activities.** During the event, investors can not only share a reward of up to $25,000 by trading $AGENT tokens but also have the opportunity to win more coupons by completing designated tasks and participate in a prize pool of $18,000.

In addition, new users who register and complete their first transaction can enjoy an exclusive welcome package, with a total prize pool of $7,000. The event runs from November 30th to 16:00 (UTC+8) on December 14th.

It is worth mentioning that AgentLayer also provides investors with the opportunity to earn an annualized return of up to 150% by locking $AGENT tokens. By participating in the fixed-term financial plan, investors can ensure the safety of their principal while obtaining substantial returns.

On November 26th, the $AGENT token was successfully listed on Bitpanda, the largest exchange in Germany. This milestone event has become an important breakthrough in AgentLayer’s global market expansion strategy. After the listing, the price of the AGENT token has shown strong performance, soaring from $0.025 to $0.055, an increase of 100%.

This significant price increase is not only a high recognition of AgentLayer’s underlying technical strength and innovative application scenarios by the market but also reflects the strong confidence of global investors in the future development prospects of the AI Agent field. AgentLayer, with the widespread influence and large user base of the Bitpanda(https://www.bitpanda.com/en/prices/agentlayer-agent) platform in the European market, has successfully taken a key step from Asia to Europe and even the global market, laying a solid foundation for its subsequent in-depth layout and business expansion in the international cryptocurrency market.

AgentLayer, on the occasion of its first anniversary, optimizes its internal economic ecosystem through token burn mechanisms, expands market share and user groups through joint activities with Gate.io, and achieves a preliminary breakthrough in the global market through the Bitpanda listing. These multi-dimensional strategic actions work together to enhance AgentLayer’s position in the future cryptocurrency market competition, aiming to achieve sustainable and high-quality development goals.

About AgentLayer

AgentLayer is a groundbreaking decentralized AI blockchain network that provides a solid foundation for the development of AI Agents. The synergy of its core components enables AgentLayer to provide an efficient operating environment for AI Agents. AgentHub facilitates comprehensive management of AI Agents for developers, while AgentStudio makes the creation of conversational AI Agents more visual. AgentLayer is laying the foundation for a new AI Agent economy, empowering developers and enterprises to create and deploy intelligent, autonomous AI Agents on a large scale.

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AgentLayer
AgentLayer

Written by AgentLayer

World's Autonomous AI Agent Blockchain & Network

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