The settlement asset of the intelligence primitive.
$INFERENCE sits underneath every market on Inference Markets. Each unit of intelligence is priced by an on-chain index, each trade against it pays a fee, and thirty percent of that fee is converted and burned. Supply is fixed at genesis and monotonically decreasing from there.
Where it sits in the stack
Inference Markets prices a new asset class on-chain and then runs markets on it. $INFERENCE is the layer every one of those markets settles into.
A Chainlink Functions network samples OpenRouter's public model prices every hour and writes them on-chain. A 168-slot ring, a seven-day median, no operator anywhere in the path. This is the price of intelligence, published as a public reference.
INT, OPEN and AGENT are minted against that index and redeemed against it for USDC or DIEM. Each one is a hard-denominated unit of model output rather than a wrapper on a dollar. DIEM is Venice AI's own capacity token.
Every token launched here is quoted in a unit of intelligence. Price discovery happens in throughput, not in currency. The curve and the reserve sit in Uniswap v4 positions that nobody can withdraw, including us.
Every swap across that system pays a fee, and thirty percent of it converges on one contract. It is converted, swept and spent, and what it buys is burned in the same transaction. One direction, one outcome, no operator.
Every trade on every market pays a static fee of 1 to 3 %, collected in the unit that market is quoted in. Fifty percent of that unit side accrues to holders block by block. Thirty percent buys $INFERENCE and burns it. The last twenty percent is protocol revenue, and part of that tops the redemption vault up when coverage calls for it.
The Buyback holds no discretion and no opinion. A permissionless Treasury sweep delivers the protocol’s ETH, the contract spends its entire balance against the Uniswap v4 singleton inside its own unlock callback, and burns every token that comes back in the same atomic step. Nothing is routed to a dead address, nothing is held in reserve, and no vote stands between a fee and a burn.
There is no emission schedule, no unlock cliff and no mint function. The burn is the only write path in the system that touches supply, and it moves in one direction. Every market that opens widens the fee surface feeding it.
ETH the sweeps have delivered and the executor has not yet spent. It is already committed: the only thing this balance can become is burned supply. Because it is protocol money in flight, the call that spends it is the one gated call in the protocol.
Executor —
| ETH in | Tokens burned | When | Tx |
|---|---|---|---|
| No buybacks yet. | |||
$INFERENCE is a fixed-supply claim on the throughput of the whole venue. The Buyback is the only address that can move that supply, and it can only move it down.
Read the token docs