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BSCN· 2026-07-31 01:17
Injective has now burned nearly 7 MILLION $INJ tokens. Here's how...The @injective network employs a weekly Burn Auction alongside Community Buyback rounds to systematically destroy supply.(1) Fee Collection: 60% of all transaction fees generated by decentralized apps (dApps) across the Injective ecosystem are pooled into a weekly asset basket.(2) The Auction: Community members bid on this collection of protocol revenues using their own INJ tokens.(3) The Burn: The winning bidder takes ownership of the enti ...