$INJ 3.0 is now officially live on mainnet! A significant update with numerous improvements and innovations.
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1. INJ 3.0 introduces a significant reduction in supply, positioning INJ as one of the most deflationary assets in the blockchain realm, thereby enhancing its long-term value proposition for ecosystem growth.
2. INJ, as the native token of Injective, plays a vital role in governance, protocol fees, and security mechanisms within the network, underscoring its importance in driving Injective's development.The unique features of INJ, such as the Burn Auction, distinguish it from other assets, with the recent INJ 2.0 update expanding its utility to encompass all dApp network fees, resulting in increased weekly burn activity.
3. As Injective's user base and ecosystem continue to expand, the need for further enhancements becomes evident to accommodate growth and development.
4. INJ 3.0, approved through community governance, aims to decrease the token supply over the next two years, with deflation rates tied to staked INJ on-chain, reflecting the network's evolution and commitment to long-term value.
5. Jenna Peterson, CEO of the Injective Foundation, emphasizes the importance of INJ evolving into "ultrasound money" to ensure its viability as a peer to institutional players.
6. Injective has increased the deflation rate by 400%, with a flexible monetary policy that adjusts in real-time based on staking activity to maintain ecosystem equilibrium and security.
7. The token supply decrease schedule of INJ 3.0 follows a controlled reduction rate timeline, protecting INJ against inflation, with quarterly adjustments ensuring stability and sustainability.
8. INJ 3.0 reaffirms Injective's commitment to growth and innovation, ensuring its native asset remains a cornerstone of Web3 finance.
