{"id":29593,"date":"2024-04-23T16:09:23","date_gmt":"2024-04-23T16:09:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/injectives-inj-3-0-upgrade-goes-live-after-community-passes-proposal\/"},"modified":"2024-04-23T16:09:23","modified_gmt":"2024-04-23T16:09:23","slug":"injectives-inj-3-0-upgrade-goes-live-after-community-passes-proposal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/injectives-inj-3-0-upgrade-goes-live-after-community-passes-proposal\/","title":{"rendered":"Injective\u2019s INJ 3.0 upgrade goes live after community passes proposal"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/injective-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/injective-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/injective-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/injective-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">INJ 3.0 went live on the mainnet today, Injective announced.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Injective price rose slightly after the vote, hitting highs of $29.15.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/injective\/\">Injective (INJ)<\/a> has announced that the INJ 3.0 upgrade is now live on the mainnet following a historic on-chain vote.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the layer-one blockchain\u2019s team, IIP-392 passed with the highest percentage of approval for such an upgrade, and Injective is now in a new era.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of crypto. Over the next two years, the supply of INJ will be decreased on an accelerated pac<\/em>e,\u201d the L1 blockchain <a href=\"https:\/\/twitter.com\/injective\/status\/1782774203164344790\" target=\"_blank\" rel=\"noopener\">posted<\/a> on X.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">INJ 3.0 is officially live on mainnet, allowing <a href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$INJ<\/a> to become one of the most deflationary assets in all of crypto.<\/p>\n<p>Over the next two years, the supply of INJ will be decreased on an accelerated pace.<\/p>\n<p>A new era of Injective begins now. <a href=\"https:\/\/t.co\/oHOIZm2i3h\">pic.twitter.com\/oHOIZm2i3h<\/a><\/p>\n<p>\u2014 Injective \ud83e\udd77 (@injective) <a href=\"https:\/\/twitter.com\/injective\/status\/1782774203164344790?ref_src=twsrc%5Etfw\">April 23, 2024<\/a><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">Injective upgrade INJ 3.0 key to network<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Injective\u2019s 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. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The new parameters ranks Injective among the most deflationary assets in the industry, with INJ deflation jumping 400% over the next two years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">IIP-392 was introduced on April 19 and featured a governance proposal that sought to bring controlled reduction in Injective\u2019s 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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">These changes come after Injective launched its Vulcan upgrade in January this year. Today\u2019s deployment of INJ 3.0 saw the token\u2019s price rise slightly to hit $29.15 before retreating to $27.63.<\/span><\/p>\n<p><span style=\"font-weight: 400\">INJ traded around $28.58 at the time of writing, with a 24-hour volume of $98.3 million.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/injectives-inj-3-0-upgrade-goes-live-after-community-passes-proposal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) INJ 3.0 went live on the mainnet today, Injective announced. Injective price rose slightly after the vote, hitting highs of $29.15. Injective (INJ) has announced that the INJ 3.0 upgrade is now live on the mainnet following a historic on-chain [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29593"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29593"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29594"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}