Follow
Show Coin Info
Price
7.86 USD
% Change
1.24%
Market Cap
766M USD
Volume
57.3M USD
Circulating Supply
97.7M
Injective Protocol to Hold Token Burn on May 1st
Injective Protocol has announced that the first burn of INJ tokens, following the recent enhancements to the auction, is scheduled for May 1st at 1 pm UTC. It is estimated that approximately 13,600 INJ tokens, equivalent to $314,000, will be burnt during this event.
Event date: May 1, 2024 13:00 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_
The first $INJ burn scheduled to happen after the newly introduced enhancements to the auction is set to happen tomorrow at 1pm UTC ⏱️
Currently, the estimated amount of INJ tokens that will be burnt is approximately 13,600 or $314,000.
Track auctions: https://t.co/GpfC3ZIld7
Currently, the estimated amount of INJ tokens that will be burnt is approximately 13,600 or $314,000.
Track auctions: https://t.co/GpfC3ZIld7
INJ Price Changes After Event Publication
2.20%
1 day
4.18%
2 days
66.16%
Now (Added 11 months ago)
The event is about to begin
0
D
0
H
0
M
0
S
A
May 1 20:14 (UTC)
✕
✕