Injective just made a very strong move.
They launched a Stockdrop directly on the Injective Hub and linked it to the already-running $INJ Community Buyback.
Slots are limited, and everything is done through the Hub. The commit window opens on September 23rd.
On September 30th, the buyback closes, $INJ is burned, and the Stockdrop claims and revisions are opened.
In essence, Injective has combined three things into one action: the deflation of INJ, the distribution of real network revenue, and the distribution of tokenized shares. This provides an additional incentive for buyback participants to participate, and for INJ itself, it's another mechanism that increases the burn volume. #Altcoin Season#
They launched a Stockdrop directly on the Injective Hub and linked it to the already-running $INJ Community Buyback.
Slots are limited, and everything is done through the Hub. The commit window opens on September 23rd.
On September 30th, the buyback closes, $INJ is burned, and the Stockdrop claims and revisions are opened.
In essence, Injective has combined three things into one action: the deflation of INJ, the distribution of real network revenue, and the distribution of tokenized shares. This provides an additional incentive for buyback participants to participate, and for INJ itself, it's another mechanism that increases the burn volume. #Altcoin Season#
