The IIP-617 proposal has been introduced with the aim of transforming the INJ token into a more deflationary asset. By adjusting the inflation and burn rates, the proposal seeks to enhance the overall value and scarcity of INJ in the market. The source notes that this change could significantly impact investor sentiment and market dynamics.
Proposal for Reduction in Annual Inflation Rate
Specifically, the proposal outlines a reduction in the annual inflation rate, which is expected to decrease the influx of new tokens into circulation. Additionally, it aims to increase the burn rate of auction proceeds derived from network fees, effectively removing more tokens from circulation over time.
Impact on Circulating Supply of INJ
If network activity sees a significant uptick, the combined effects of these changes could lead to a notable decrease in the circulating supply of INJ. This strategic move is designed to bolster investor confidence and potentially drive up the token's value as demand outpaces supply.
As the IIP-617 proposal aims to enhance the deflationary nature of the INJ token, Husky Inu AI HINU is also preparing for a significant token value increase ahead of its prelaunch phase. For more details, see further information.
