Injective Community BuyBack is one of the more interesting parts of the $INJ token model.
Round 233 just removed 25,199.62 $INJ from circulation permanently.
That’s roughly $120K worth of $INJ burned in a single round.
The interesting part is what happens before those tokens get burned.
Participants commit $INJ to the buyback, those tokens are permanently burned, and participants receive a share of ecosystem revenue.
So the basic loop looks like: Network activity → ecosystem revenue → buyback → $INJ burned.
And this isn’t a one-time event, The Community BuyBack runs every month.
With Round #23