The decentralized governance body of the Injective Protocol has overwhelmingly approved a landmark proposal designed to significantly reduce the circulating and total supply of the native INJ token. The successful passage of the vote enacts a major tokenomics upgrade, introducing a heightened hyper-deflationary mechanism for the asset.
This initiative focuses on modifying the protocol’s unique weekly token burn auction system. Under the new rules, a substantially larger percentage of the transaction fees generated by decentralized applications (dApps) built on the Injective Layer-1 blockchain will be funnelled into the burn mechanism, effectively accelerating the reduction of the INJ supply faster than previously scheduled.
The community’s decision is intended to increase the inherent scarcity of INJ, thereby strengthening the token’s long-term value proposition and rewarding network participants. This strategic move highlights Injective’s commitment to sustainable and deflationary economic policies, positioning INJ as a premier asset within the wider decentralized finance (DeFi) and Cosmos ecosystems. The immediate implementation of this governance decision is expected to enhance the protocol’s economic security and appeal to both developers and investors seeking verifiable scarcity.
Source: Injective community passes governance vote to slash INJ token supply
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