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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    Blue chip NFTs sink double digits as ETH retreats from record highs

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    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    OKX Wallet Taps Shaga to Offer Secure Web3 AAA Gaming

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Home Web 3

A Vote for Ultra-Sound Money

April 24, 2024
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A Vote for Ultra-Sound Money
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TL;DR

  • The Injective community voted to approve changes to the INJ 3.0 tokenomics system, with 99.99% approval, moving it towards ultra-sound money.

Full Story

Something cool happened yesterday.

The Injective community voted to approve changes to the INJ 3.0 tokenomics system.

“That doesn’t sound very cool.” – you, probably.

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

The proposal plans to make INJ “one of the most deflationary assets in crypto” by making it four times more deflationary over the next two years.

Bitcoin is commonly referred to as ‘sound money’ because it has a guaranteed total supply of 21M BTC.

Following this change for INJ, it moves towards being ‘ultra-sound money’, meaning the total supply actually has the potential to decrease over time.

Injective Foundation CEO, Jenna Peterson, said it best: “To guarantee the ecosystem serves long-term as a peer to institutional players, INJ must function as ultrasound money – rewarding early adopters and attracting new participants.”

And it seems the community agrees with a whopping 99.99% approval rate for the proposal.

The fact that a proposal for a change like this can even exist, and can be voted on by the community that it impacts is one of the many things that makes web3 great.

More news like this, please 🙂

See also  Bitcoin’s ‘Infinite Money Glitch’ is Still Working, But it Won’t Last Forever…
Tags: MoneyUltraSoundVote

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Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

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Bitcoin, Ethereum hit by ‘trading paralysis,’ but is there a way out of this FUD?

Bitcoin, Ethereum hit by ‘trading paralysis,’ but is there a way out of this FUD?

January 14, 2025
Is the NFT and Crypto Space Crumbling? A Warning

Is the NFT and Crypto Space Crumbling? A Warning

January 28, 2025
Bitcoin Mining Faces Rising Costs as Hashprice Boosts Provide Only Temporary Relief

Bitcoin Mining Faces Rising Costs as Hashprice Boosts Provide Only Temporary Relief

December 31, 2024
Base adoption lower than other chains: Report

Base adoption lower than other chains: Report

January 27, 2024

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