Wu said that the Injective community has approved Governance Proposal IIP-617 with a 99.89% staked voting support rate, making a significant adjustment to the INJ token economy. The proposal will reduce the total supply of native tokens and continue the buyback and burn mechanism based on protocol revenue. Injective stated that approximately 6.85 million INJ tokens have been burned to date, and the new mechanism will make INJ a more deflationary asset in the long term.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Wu said that the Injective community has approved Governance Proposal IIP-617 with a 99.89% staked voting support rate, making a significant adjustment to the INJ token economy. The proposal will reduce the total supply of native tokens and continue the buyback and burn mechanism based on protocol revenue. Injective stated that approximately 6.85 million INJ tokens have been burned to date, and the new mechanism will make INJ a more deflationary asset in the long term.