Injective's Deflationary Mechanism has evolved.
From the weekly burn auction, with just one winning bidder to receive collected fees. While all used
$INJ used to bid was permanently burned and removed in circulation.
It reduced the supply each week, building constant deflationary pressure. But only the highest bidder takes the upper hand, no one else.
With the new Mechanism: @injectiveCommunity Burn, it gives advantage for everyone.
How it works?
- Join: Secure your spot with one bid per event.
- Contribute: Once you commit your chosen amount of
$INJ in the Community Burn, its final.
- Collect: After the burn, the ecosystem revenue will be distributed proportionally to all participants based on how much
$INJ you have committed.
With this method, it's not just one person benefitting but the entire community.
All contributed
$INJ will be burned forever, supply reduced, reinforcing deflation.