Injective Protocol to Hold Token Burn on February 8th

Name: Token Burn
Start: 2024-02-08T00:00:00Z
End: 2024-02-09T00:00:00Z

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Injective Protocol has reported that approximately 6,900 INJ were burned on February 8th.

Event date: February 8, 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_

around 6,900 $INJ burned today. Nice.

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