Injective INJ: Token Burn

Name: Token Burn
Start: 2021-12-15T00:00:00Z
End: 2021-12-16T00:00:00Z

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Event date: December 15, 2021 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 🪐
@InjectiveLabs

The first ever $INJ burn is now complete 🔥 40,000 INJ were burned, meaning that INJ is now officially deflationary! An acquaintance at best, @BurntBanksy burned $362,865 in fake fiat today to celebrate the auction. Get ready for a burn every week. This is just the beginning.

INJ Price Changes After Event Publication

INJ Events on the Chart

2.24%

1 hour

7.21%

3 hours

10.07%

1 day

8.71%

2 days

43.03%

Now (Added 4 years ago)