A Vote for Ultra-Sound Money

TL;DR

• The Injective group voted to approve adjustments to the INJ 3.0 tokenomics system, with 99.99% approval, shifting it in the direction of ultra-sound cash.

Full Story

One thing cool occurred yesterday.

The Injective group voted to approve adjustments to the INJ 3.0 tokenomics system.

“That doesn’t sound very cool.” – you, in all probability.

However it is cool (we promise), right here’s why:

The proposal plans to make INJ “one of the vital deflationary property in crypto” by making it 4 instances extra deflationary over the following two years.

Bitcoin is usually known as ‘sound cash’ as a result of it has a assured complete provide of 21M BTC.

Following this transformation for INJ, it strikes in the direction of being ‘ultra-sound cash’, which means the overall provide really has the potential to lower over time.

Injective Basis CEO, Jenna Peterson, mentioned it greatest: “To ensure the ecosystem serves long-term as a peer to institutional gamers, INJ should operate as ultrasound cash – rewarding early adopters and attracting new contributors.”

And it appears the group agrees with a whopping 99.99% approval fee for the proposal.

The truth that a proposal for a change like this could even exist, and will be voted on by the group that it impacts is likely one of the many issues that makes web3 nice.

Extra information like this, please 🙂