Evgen_by | Injective

Posted on Aug 24, 2023Read on Mirror.xyz

INJ 2.0 Launch

Injective has just released its largest tokenomics upgrade yet, which is called INJ Burn 2.0. This upgrade allows any dApp built on Injective to contribute to the INJ burn auction, with no limit to how much of their fees they wish to burn. This can dramatically increase the amount of INJ burned weekly, and lead to a far more robust on-chain economy powered by INJ.

Here are some of the benefits of INJ Burn 2.0:

  • Increased token burn: The ability for all dApps to contribute to the burn auction means that more INJ tokens can be burned each week. This will help to reduce the overall supply of INJ tokens, which can make them more scarce and valuable.

  • Increased community participation: The ability for dApps to contribute to the burn auction gives them a vested interest in the success of the Injective ecosystem. This can lead to increased community participation and engagement.

  • Enhanced utility for the INJ token: The INJ token will become more useful as a means of payment for fees on dApps that participate in the burn auction. This can help to drive demand for the INJ token and increase its price.

  • Stronger ecosystem: The INJ Burn 2.0 upgrade will help to create a stronger and more sustainable ecosystem for Injective. This will attract more developers and users to the platform, which can further boost the value of the INJ token.

Overall, INJ Burn 2.0 is a significant upgrade that will benefit the Injective ecosystem in a number of ways. It is a major step forward for the project and its long-term success.