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Decentralized cryptocurrency exchange Injective has announced that it has released its largest tokenomic upgrade, INJ 2.0, which could increase the amount of INJ burned weekly.
With this announcement, it was stated in the official blog post that all dApps built on Injective can contribute to INJ burning efficiency without any limit on how much INJ they can burn.
“Injective is releasing its largest tokenomic upgrade ever, which can significantly increase the amount of INJ burned weekly.
Now all dApps built on Injective can contribute to the INJ burning auction with no limits on how much they can burn.
INJ 2.0 aims to allow all dApps to participate in burns.
INJ 2.0 marks an important milestone in the evolution of finance by creating a more integrated ecosystem powered by Injective.”
1/ Injective today is releasing its largest tokenomics upgrade yet which can dramatically increase the amount of INJ burned weekly.
Now all dApps built on Injective can contribute to the $INJ burn auction with no limit on how much they can burn.https://t.co/VCoc2lSjaA
— Injective 🥷 (@Injective_) August 16, 2023
After this announcement, INJ price rose by up to 4%, while the price pinned to $7.36. At the time of writing, INJ continues to trade at $7.18.
*Not investment advice.