Injective burns over 7.2 million INJ through its buyback and revenue flywheel
Photo: Crypto Briefing
The network's community buyback and earlier burn auction have permanently removed more than 7.2 million INJ from circulation Injective has now burned more than 7.2 million INJ, permanently removing those tokens from circulation. The milestone comes through a mix of its monthly Community BuyBack program and an earlier burn auction. Participants commit INJ to a monthly Community BuyBack event. In return, they receive a portion of revenue generated across the Injective ecosystem. Once that revenue is distributed, the committed INJ is burned for good. Each round accepts commitments only within set limits, so participation is capped per event.
Source: Crypto Briefing
