Ethereum

2024

Injective

April

Injective’s governance body recently ratified a major update to its tokenomics with the INJ 3.0 system, fundamentally altering its economic structure. The community-led decision aims to enhance the INJ token’s deflationary nature significantly.
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 INJ 3.0 is officially live on mainnet, allowing <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">$INJ</a> to become one of the most deflationary assets in all of crypto. Over the next two years, the supply of INJ will be decreased on an accelerated pace. A new era of Injective begins now. <a href="https://t.co/oHOIZm2i3h" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/oHOIZm2i3h</a>— Injective 🥷 (@injective) <a href="https://twitter.com/injective/status/1782774203164344790?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 23, 2024</a>
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Key Modifications to INJ’s Economic Framework
The approved changes diminish INJ’s minting capabilities while introducing new parameters to escalate its deflationary characteristics. According to the governance <a href="https://hub.injective.network/proposal/392/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">proposal</a> on April 19, the alterations are projected to amplify INJ’s deflation by a staggering 400% over the next two years.
Previously, INJ operated with wider inflationary parameters, but the new policy tightens these limits. The lower inflation boundary is now set at 4%, and the upper boundary at 7%, effective over the next two years.&nbsp;
This adjustment will be revisited in 2026 to assess its impact and necessary tweaks. Changing the inflation rate parameter from 0.1 to 0.5 will also increase the token’s responsiveness to staking activities.
These adjustments received overwhelming support from the Injective community, with a 99.99% vote endorsing the move. Injective Labs’s CEO, Eric Chen expressed profound enthusiasm for the community’s overwhelming support, underscoring the widespread consensus behind the transformative upgrade.
As of the latest trading data, INJ is priced at $28.54, <a href="https://www.coingecko.com/en/coins/injective" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">reflecting</a> a 1.5% increase in the last 24 hours. However, the strategic changes in its economic model are expected to boost its performance in the competitive crypto market space.
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 Also Read:<a href="https://www.cryptotimes.io/2024/03/27/injective-unveils-ionic-upgrade-for-enhanced-ethereum-access/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal"> Injective Unveils Ionic Upgrade for Enhanced Ethereum Access</a>
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Injective Boosts INJ Deflation by 400% with 3.0 Tokenomics Update

The Crypto Times

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