[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  𝙈𝘽🤑 [@MBreplyguy2](/creator/twitter/MBreplyguy2) on x 1291 followers Created: 2025-07-15 19:11:36 UTC How the Injective Burn Auction Works In X Steps Step 1: Users interact with Injective dApps (exchanges, derivatives platforms, etc.) and generate fees. Step 2: These fees, usually collected in USDT or other tokens, are pooled and auctioned off to the highest bidder who bids in INJ. Step 3: The winning INJ bid is burned. This creates recurring deflation and rewards active participants who buy and burn INJ for access to the pooled assets. This process happens weekly, creating a strong feedback loop of utility and scarcity.  XXXXX engagements  **Related Topics** [blockchain](/topic/blockchain) [coins layer 1](/topic/coins-layer-1) [protocol](/topic/protocol) [deflation](/topic/deflation) [inj](/topic/inj) [usdt](/topic/usdt) [exchanges](/topic/exchanges) [auction](/topic/auction) [Post Link](https://x.com/MBreplyguy2/status/1945199587871830206)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
𝙈𝘽🤑 @MBreplyguy2 on x 1291 followers
Created: 2025-07-15 19:11:36 UTC
How the Injective Burn Auction Works In X Steps Step 1: Users interact with Injective dApps (exchanges, derivatives platforms, etc.) and generate fees.
Step 2: These fees, usually collected in USDT or other tokens, are pooled and auctioned off to the highest bidder who bids in INJ.
Step 3: The winning INJ bid is burned. This creates recurring deflation and rewards active participants who buy and burn INJ for access to the pooled assets. This process happens weekly, creating a strong feedback loop of utility and scarcity.
XXXXX engagements
Related Topics blockchain coins layer 1 protocol deflation inj usdt exchanges auction
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