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Injective Submits a Proposal to Initiate the First Yearly Phase of INJ 3.0

Twitter icon  •  Published 2 days ago on January 3, 2025  •  Hassan Maishera

On Thursday, the Injective team announced via X that it had submitted an official governance proposal to initiate the first yearly phase of INJ 3.0.

Injective Submits a Proposal to Initiate the First Yearly Phase of INJ 3.0

On Thursday, the Injective team announced via X that it had submitted an official governance proposal to initiate the first yearly phase of INJ 3.0. This proposal, if approved, aims to reduce the token supply of $INJ dramatically. It could also make $INJ one of the most deflationary crypto assets.

Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $22.05, up 6% in the last 24 hours. 

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.