🚀 INJECTIVE (INJ) OFFICIALLY ACTIVATES "MONEY BURNING MACHINE": IIP-617 HAS BEEN PASSED! 🔥
The community $INJ has just created a seismic event by passing proposal IIP-617 with an almost unanimous approval rate of 99.96%! This is not just an upgrade, but a revolution in token economics (Tokenomics).
💎 Why will INJ become extremely scarce?
Doubling the deflation rate: The rate of new token issuance has been sharply reduced, while the burn rate has skyrocketed to 8%.
Buy-back & Burn: More than 6.85 million tokens have "vanished" from circulation. With the new mechanism, this number will continue to skyrocket.
Auto-Squeeze: Deflationary pressure is now AUTOMATIC. The higher the network activity, the more tokens are burned, without waiting for cumbersome governance votes.
🏦 Are whales and financial institutions getting involved?
Don’t be misled by the sideways price in the short term! Look at what’s happening behind the scenes:
ETF profile: Cboe and Canary Capital are pushing for ETF funds for Injective.
Validator "huge": Deutsche Telekom (the German telecom giant) and Korea University have officially operated the node.
📈 Personal assessment:
Although today’s price (01/30) is still hovering around $4.47, with it becoming the "strongest deflationary asset in Crypto", $INJ is accumulating a very strong spring.
When supply is tightened (Supply Squeeze) meets demand from ETF funds, the "to the moon" scenario is just a matter of time. 🚀🌕
Have you gathered enough stock or are you still waiting? 👇
The information above is compiled and does not constitute investment advice. Always do your own research (DYOR) before making a decision.
#Injective #INJ #Tokenomics #CryptoNews #DeFi
