TL;DR
The Injective neighborhood 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 neighborhood voted to approve adjustments to the INJ 3.0 tokenomics system.
“That doesn’t sound very cool.” – you, in all probability.
However it’s cool (we promise), right here’s why:
The proposal plans to make INJ “some of the deflationary belongings in crypto” by making it 4 occasions extra deflationary over the following two years.
Bitcoin is often known as ‘sound cash’ as a result of it has a assured whole provide of 21M BTC.
Following this alteration for INJ, it strikes in the direction of being ‘ultra-sound cash’, that means the whole provide really has the potential to lower over time.
Injective Basis CEO, Jenna Peterson, stated it finest: “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 contributors.”
And it appears the neighborhood agrees with a whopping 99.99% approval fee for the proposal.
The truth that a proposal for a change like this could even exist, and may be voted on by the neighborhood that it impacts is likely one of the many issues that makes web3 nice.
Extra information like this, please 🙂
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