How often will inj coins be destroyed?

INJ coins are destroyed at the end of each quarter, and the destruction times are: March 31, June 30, September 30 and December 31. The destruction mechanism is designed to control the supply of INJ coins, enhance value, stimulate protocol usage, and determine the amount of destruction based on the fees incurred.

INJ coin destruction schedule

INJ coin is a utility token designed to provide decentralization trading platform powered by INJ Protocol. Its burning mechanism is a key part of the protocol’s economic model, designed to control supply and enhance the value of INJ coins.

INJ coins are destroyed once every quarter, the specific time is as follows:

• Quarter 1: March 31
• Quarter 2: June 30
• Quarter 3: September 30
• Quarter 4: December 31

Destruction Process

Every quarter, the INJ team will withdraw a portion of INJ coins from the fees generated by the protocol for destruction. The burning process is irreversible and burned INJ coins will be permanently removed from the circulating supply.

The number of INJ coins destroyed

The number of INJ coins destroyed changes based on the fees generated by the protocol. However, the INJ team made it clear that they are committed to transparency and consistency throughout the destruction process.

Purpose of destruction

The INJ coin destruction mechanism has the following main purposes:

• Control supply:By regularly destroying INJ coins, its supply can be controlled and excessive inflation can be prevented.
• Enhanced Value:The burn mechanism helps increase the value of INJ coins by reducing the circulating supply.
• Stimulate usage:The destruction mechanism encourages users to use INJ Protocol, as the fees generated will be used to destroy INJ coins, thus increasing their value.

The above is the detailed content of How often will inj coins be destroyed?. For more information, please follow other related articles on the PHP Chinese website!