TL;DR
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The Injective group voted to approve adjustments to the INJ 3.0 tokenomics system, with 99.99% approval, shifting it in the direction of ultra-sound cash.
Full Story
One thing cool occurred yesterday.
The Injective group voted to approve adjustments to the INJ 3.0 tokenomics system.
“That doesn’t sound very cool.” – you, in all probability.
But it surely is cool (we promise), right here’s why:
The proposal plans to make INJ “one of the vital deflationary belongings in crypto” by making it 4 occasions extra deflationary over the subsequent two years.
Bitcoin is often known as ‘sound cash’ as a result of it has a assured whole provide of 21M BTC.
Following this modification for INJ, it strikes in the direction of being ‘ultra-sound cash’, which means the full provide truly has the potential to lower over time.
Injective Basis CEO, Jenna Peterson, mentioned it greatest: “To ensure the ecosystem serves long-term as a peer to institutional gamers, INJ should operate as ultrasound cash – rewarding early adopters and attracting new members.”
And it appears the group agrees with a whopping 99.99% approval fee for the proposal.
The truth that a proposal for a change like this may even exist, and could be voted on by the group that it impacts is among the many issues that makes web3 nice.
Extra information like this, please 🙂