Injective governance proposal approves INJ 3.0 tokenomics

ChainCatcher news, according to The Block, the Injective governance proposal has approved the INJ 3.0 tokenomics system. According to the proposal, the minting attributes of INJ will be further reduced, and additionally, new parameters have been added to increase INJ's deflationary nature fourfold over the next two years.

It is reported that INJ is the native token of Injective, which is a Layer 1 blockchain based on Cosmos, governed by the non-profit Injective Foundation.