the more i look into @injective the more i like what they’re doing with injective-protocol:native the August Community BuyBack is set to take 33,000+ INJ out of circulation, but it’s not just a regular burn. people can commit their INJ, those tokens get burned permanently, and participants receive a share of the ecosystem revenue. the max commitment was also cut from 150 to 100 INJ per wallet this round, and it still filled up within minutes. everything happens onchain, so the whole process can be followed publicly. with 7M+ $INJ already burned, this is becoming a pretty interesting part of Injective’s tokenomics.
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