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Price
24.57 USD
% Change
0.49%
Market Cap
2.39B USD
Volume
272M USD
Circulating Supply
97.7M
Injective Protocol to Hold Token Burn
Injective Protocol has reported a steady increase in the size of its token burn auctions. As of May 6th, 12,266 tokens have been permanently removed from circulation. The company anticipates that by next week, users of the platform will have burned a total of 6 million INJ tokens.
Event date: June 6, 2024 UTC
What is coin (token) burn?
A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.
Injective 🥷
@Injective_
@Injective_
$INJ token burn auctions are steadily increasing in size.
12,266 tokens were burned forever just today. By next week Injective users will have burned 𝟔 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 INJ to date 🔥
More usage = More protocol revenue = More INJ burned
12,266 tokens were burned forever just today. By next week Injective users will have burned 𝟔 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 INJ to date 🔥
More usage = More protocol revenue = More INJ burned
INJ Price Changes After Event Publication
10.88%
1 day
7.35%
2 days
11.52%
Now (Added 5 months ago)
The event is about to begin
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Added by
Alika
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