Impressive growth for #Phala: 32x on @OpenRouter AI since July, beating Venice (5.9x) and other AI protocols.
BUT, if all these revenues remain central/off-chain via Phala Cloud, $PHA holders see zero value accrual. Incredible tech, weak tokenomics. We need native $PHA burns! 📉
🚨 THE ROAD IS OPEN. NOW IT’S TIME FOR PHALA TO ACT.
I’m calling on @PhalaNetwork / @PhalaFoundation to support the current community proposal for $PHA buybacks & burns.
The Phala ecosystem is expanding rapidly: Phala Cloud, TEE GPUs, AI agents, Venice, SOON, and new integrations. But one crucial piece is still missing — a direct economic link between Phala’s business growth and the value of $PHA.
At the same time, regulatory uncertainty around buyback mechanisms is becoming clearer. SEC staff has explicitly stated that, for a functional crypto system, announcing a buyback program for a non-security crypto asset does not, by itself, constitute a promise to undertake “essential managerial efforts.” The guidance specifically mentions supply reduction and protocol-funded burns.
This removes one of the key arguments against the concept of buyback & burn.
Phala already has the infrastructure, real customers, growing compute demand, and revenue.
Now it needs a mechanism that transfers part of that value back to the token:
Revenue → Buyback $PHA → Burn 🔥
Profit → $PHA + Treasury
Phala growth → measurable value for the $PHA economy
@PhalaNetwork, support the proposal and make $PHA the economic heart of the Phala ecosystem.