100M $ITLG Burned as InterLink Welcomes New CFO

InterLink Labs has made two significant announcements that could shape its trajectory. On September 4, the project revealed that over 100 million $ITLG tokens had been burned in the initial rollout of its new system. This came just a day before the company introduced Kenneth A. Timmering as its new Chief Financial Officer, signaling a blend of operational tightening and leadership reinforcement. These moves arrive amid ongoing efforts to build a human-centric network. 

The $ITLG Token Burn: A Step Toward Scarcity

InterLink Labs initiated its token burning mechanism on September 1, as part of a broader strategy to refine the supply of $ITLG, the project's genesis token. The first scan alone resulted in the permanent removal of more than 100 million tokens from circulation. This process targets inactive or unverified holdings, aiming to redirect value toward engaged users. By making $ITLG scarcer, the project seeks to foster long-term stability, a tactic seen in other blockchain ecosystems like Ethereum's EIP-1559 upgrades, where burns have helped manage inflation.

The burning system operates continuously, evaluating user activity through technical verifications. Active participants, who mine tokens via daily interactions in the InterLink app, stand to benefit as the reduced supply could support price equilibrium over time. InterLink emphasized that this is the start of a "sustainable value" phase, shifting focus from broad distribution to verified, real-world contributions. Community reactions on social platforms have been mixed but largely supportive, with some users noting losses from inactive referrals yet acknowledging the need for a cleaner network. As one ambassador posted, it's a "huge" development that could amplify scarcity in the future.

This mechanism ties into InterLink's emphasis on human verification, using biometrics like face scanning to prevent sybil attacks and ensure genuine participation. Unlike hardware-intensive mining, $ITLG rewards come from simple, app-based actions, making it accessible to a global audience now exceeding 2.6 million users.

Welcoming Kenneth A. Timmering: Expertise for Expansion

On September 5, InterLink Labs announced the appointment of Kenneth A. Timmering as CFO, highlighting his credentials in financial strategy and global operations. Timmering, an active U.S. Certified Public Accountant and Chartered Global Management Accountant, previously served as Vice President at UFC GYM, where he contributed to business expansion. His LinkedIn profile underscores a career focused on mergers, integrations, and international growth.

In his new role, Timmering will oversee financial planning, ecosystem partnerships, and negotiations with U.S. entities and high-volume marketplaces handling up to $3 billion daily. InterLink stated that his expertise will drive institutional adoption and sustainable development, aligning with the project's mission to bridge traditional finance and blockchain. This hire follows a pattern of bolstering the team, as InterLink prepares for audits aligned with SEC standards and deeper venture capital engagements.

InterLink Labs: A Human-Centric Blockchain Network

Founded to create a network powered by real humans in an AI-dominated era, InterLink Labs integrates blockchain with biometric identity verification. The platform's app allows users to earn $ITLG through "human-powered mining," without needing specialized equipment. A dual-token system features $ITLG for node rewards and $ITL for broader utilities, including reserves and payments.

Backed by partnerships with Google for Startups and AWS, InterLink has grown rapidly. Recent metrics show over 400,000 new users in a single week, alongside community events like an offline gathering in Indonesia attended by nearly 400 people. The project employs federated learning for AI, training models on user devices to enhance accuracy while preserving privacy—no data leaves the device.

Recent Updates and Roadmap Ahead

InterLink's momentum extends beyond the burn and CFO appointment. A server migration in late August 2025 improved stability for token verification, resolving prior lags. The launch of QR payments enables crypto-to-fiat conversions, supporting merchants in countries like Nigeria, Vietnam, and Brazil. Users pay with USDT or ETH, while sellers receive local currency, promoting real-world adoption.

Gaming integrations are also advancing, with Qihong Entertainment committing $1 million USDT and locked $ITLG liquidity for mini-apps. A video content campaign has distributed thousands in USDT rewards, encouraging educational submissions on project features. Looking to Q4 2025, the roadmap includes distributing verified tokens, launching an exchange, wallet, and DAO, plus global hackathons to embed $ITL in applications.

Ambassador training and payment expansions aim for 1,000 partners across the U.S. and Asia. Discussions with VCs position $ITL as a potential reserve asset, with aspirations for ETF inclusion alongside Bitcoin and Ethereum.

Strategic Implications for Growth

These developments—the token burn and new CFO—underscore InterLink's commitment to maturity. By reducing supply and enhancing governance, the project addresses common crypto challenges like volatility and bots. Timmering's arrival could facilitate regulatory compliance and attract institutional interest, crucial for scaling.

As InterLink targets billions in Web3 onboarding, its focus on verifiable human nodes offers a unique edge. While risks like market fluctuations persist, the emphasis on utility, from payments to AI agents, positions it for broader impact. Observers will watch how these steps translate into user retention and token performance in the coming months.

Sources:

• InterLink Labs 100M+ Token Burn Announcement: https://x.com/inter_link/status/1963561557000163345 
• CFO Appointment of Kenneth A. Timmering: https://x.com/inter_link/status/1963800807549362198