INJECTIVE $INJ
INJ
5.67
-2.41%
Deflationary Mechanism: A unique "Burn Auction" system is in place where 60% of all fees generated by dApps built on Injective are collected, auctioned off, and the winning bidder's INJ is permanently burned (taken out of circulation), creating deflationary pressure.
Developer Incentives: A portion of the fees (40%) is used to incentivize developers, fostering rapid ecosystem growth.
In essence, Injective aims to bring the speed and efficiency of traditional finance to the decentralized world, offering a robust platform for the future of Web3 finance
