INJ

“The $INJ Community BuyBack is witnessing record participation as it accelerates INJ burns while also rewarding loyal ninjas. This is the only token BuyBack program that not only reduces INJ supply but also enables community members to earn a share of Injective’s onchain revenue. To date, over 6.9 Million $INJ tokens have been burned with increasing momentum with the new Community BuyBack. So here is a short guide that walks through how the buybacks work, how you can get whitelisted, and how you too can start earning from the burns. 1️⃣ How does the INJ Community BuyBack work? The Community BuyBack is an onchain event that allows eligible participants to take part in Injective’s deflationary mechanism. Participants commit INJ and in return receive a pro-rata share of the revenue generated across the Injective ecosystem. The INJ committed is permanently burned, reducing total supply. This process rewards the community, increases INJ scarcity, and aligns long term value with ecosystem success. 2️⃣ Why was the BuyBack created? The INJ Community BuyBack is designed to increase the rate of $INJ burns. This works in tandem with the recent introduction of the INJ Supply Squeeze upgrade which enables INJ to be one of the most deflationary assets in all of crypto. The Community BuyBack also leads to a more inclusive structure designed to prioritize rewarding real, active users within the ecosystem. 3️⃣ How can I get whitelisted? Currently, whitelist eligibility is determined based on users who are actively staking $INJ and those who actively interacted with onchain apps on Injective. From this list of active addresses which, a randomized selection process is used. This prevents simple gas wars or bot dominated entries and creates a more level playing field for genuine participants. The system is designed to favor those who are consistently active and contributing to the network’s growth, giving them a fair chance to participate in the Community BuyBack. 4️⃣ How can I join the BuyBack? You can head on over to INJ Hub to see if you are eligible. But don't worry if you did not get into this round! Actively staking and participating int he ecosystem is the best way to increase the odds of your addresses getting whitelisted for the next round. Ninjas on top. Always 🥷”