A Major Update to Injective’s Tokenomics System Approved by Community Vote 🚀
Injective recently underwent a significant change to its tokenomics system, approved through an on-chain community vote. The new INJ 3.0 tokenomics system aims to make INJ one of the most deflationary assets in the crypto space.
The INJ 3.0 Proposal
The INJ 3.0 tokenomics proposal, introduced on April 19, focuses on two main aspects:
– **Changes to Inflationary Bounds:**
– The proposal includes adjustments to INJ’s upper and lower inflationary bounds.
– The lower inflation bound will decrease to 4%, while the upper bound will decrease to 7% over the next two years.
– By the second quarter of 2026, the project will reassess its deflationary parameters.
– **Increasing Inflation Rate Change Parameter:**
– The proposal suggests raising the inflation rate change parameter from 0.1 to 0.5 to enhance responsiveness to staking activity.
Injective Labs CEO Eric Chen expressed excitement about the proposal’s overwhelming 99.99% approval rate among the community. This new tokenomics schedule is anticipated to bring positive changes to the ecosystem.
As of April 23, INJ was trading at $27.79 with a market capitalization of $2.5 billion and a circulating supply of 90 million tokens out of a total supply of 100 million.
Injective’s Ongoing Development
Injective has been making significant strides in its development journey:
– **Volan Upgrade:**
– On Jan. 11, Injective launched the Volan upgrade, which introduced modules focused on real-world assets such as tokenized fiat currency pairs, treasury bills, and other structured products.
– **Total Value Locked:**
– According to DeFiLlama, Injective currently has $62.7 million in total value locked as of April 22.
Hot Take: Injective Poised for Success 🌟
Injective’s INJ 3.0 tokenomics approval signals a new era for the project, positioning it as a deflationary asset within the crypto space. With a strong community consensus and exciting developments on the horizon, Injective is well-positioned for future growth and success.
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