Di Burn Gbese

Burn Auction

Injective na market and dem dey collect small "chop money" (trading fees), every time wey we dey buy and sell things. 60% of dis chop money dey go straight to Injective, like market dues. Di other 40% wey remain, na dem dey share am for different apps wey dey built on top of Injective (reason am like market stalls wey dey rent space from Injective).

Every week, Injective chain dey do thing wey dem call "oboli-ebeye" (auction) with dis chop money wey dem collect. Na all the Injective community fit join, and dem fit use their INJ tokens to bid for all the chop money (like one big basket of market goods). Na the person wey bid the highest for dis basket na im go win am!

When dem declare di winner, no be only di basket of chop money dem go collect. Dem go also burn all the INJ tokens wey dem use to bid.

This na wetin we call "deflationary pressure" for INJ tokens.E mean reducing di amount of INJ tokens wey dey fi dey. When dem burn dem, na scarce dem dey become, and when something scarce, na value e dey get! So na good thing for all INJ holders.