Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Injective destroyed nearly 4,000 INJ, worth approximately $130,000

CointimeCointime2024/01/04 04:34
By:Cointime

Injective announced via Twitter that nearly 4,000 INJ tokens worth about $130,000 have been burned through a burning auction today.It is reported that Injective collects 60% of the transaction fees paid by users each week, and distributes the remaining 40% to trading applications built on Injective. There is also a weekly auction that allows community members to bid with INJ to obtain the transaction fee basket collected by Injective for that week. After the bidding ends, the winner pays with INJ to obtain the entire asset basket, and the winning bid will be burned, bringing deflationary pressure to the INJ token supply.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

1inch reveals new cross-chain swap feature

Cointelegraph2024/09/19 02:58

Bitget announcement: Removal of VGXUSDT trading pairs from Futures Trading Bots

Bitget Futures Trading Bots will remove the following pairs on September 26, 2024, 15:00 (UTC+8) to provide a better user trading experience: VGXUSDT Notes: Users should close the relevant orders in advance if they hold strategy orders in these trading pairs. The release and purchase features of th

Bitget Announcement2024/09/19 02:41