Injective Protocol to Hold Token Burn on January 4th

Name: Token Burn
Start: 2024-01-04T00:00:00Z
End: 2024-01-05T00:00:00Z

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Injective Protocol has announced that it has burned nearly 4,000 INJ, equivalent to approximately $130,000 on January 4th.

Event date: January 4, 2024 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

Injective 🥷
@Injective_

Almost 4,000 $INJ or approximately $130,000 has been burned today via the burn auction 🔥

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