2024

Injective

April

<div class="coinjournal">
 <ul>
 <li>INJ 3.0 went live on the mainnet today, Injective announced.</li>
 <li>Injective price rose slightly after the vote, hitting highs of $29.15.</li>
 </ul>
 Injective (INJ) has announced that the INJ 3.0 <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> is now live on the mainnet following a historic on-chain vote.
 According to the layer-one blockchain’s team, IIP-392 passed with the highest percentage of approval for such an <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a>, and Injective is now in a new era.
 “INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a>. Over the next two years, the supply of INJ will be decreased on an accelerated pace,” the L1 blockchain posted on X.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a>.
 Over the next two years, the supply of INJ will be decreased on an accelerated pace.
 A new era of Injective begins now. pic.twitter.com/oHOIZm2i3h
 — Injective 🥷 (@injective) April 23, 2024
 </blockquote>
 
 <h2 id="span-style-font-weight-400-injective-upgrade-inj-3-0-key-to-network-span">Injective upgrade INJ 3.0 key to network</h2>
 Injective’s tokenomics system changes as a result of the vote, with the inflation parameters changed to 4% for the lower inflation bound and 7% for the upper inflation bound. 
 The new parameters ranks Injective among the most deflationary assets in the industry, with INJ deflation jumping 400% over the next two years.
 IIP-392 was introduced on April 19 and featured a governance <a rel="noopener noreferrer nofollow" title="proposal" href="https://thebittimes.com/tag/proposal.html">proposal</a> that sought to bring controlled reduction in Injective’s inflation rate via incentives and token scarcity. The changes, which went live after voting ended today April 23, put the network in a position where the network can swiftly react to fluctuations in staking.
 These changes come after Injective launched its Vulcan <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> in January this year. Today’s deployment of INJ 3.0 saw the token’s price rise slightly to hit $29.15 before retreating to $27.63.
 INJ traded around $28.58 at the time of writing, with a 24-hour volume of $98.3 million.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/injective-s-inj-3-0-upgrade-goes-live-after-community-passes-proposal-tbt86252.html">https://thebittimes.com/injective-s-inj-3-0-upgrade-goes-live-after-community-passes-proposal-tbt86252.html</a>

Injective’s INJ 3.0 upgrade goes live after community passes proposal

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