The $INJ Community BuyBack is live again and I think there’s a few things worth knowing about this round 👇🏻
Round #234 currently has 33 594 INJ in the basket around $272K 🔥
The last round on Sep 2 had 25 199 INJ burned and participants got around 20 5%
We’ve already seen 39 3K INJ burned in June 43 5K in July 27 4K in August and 25 2K in the first September round
So this new round is already bigger than the August and first September rounds
The way it works is pretty simple
You first need to get a slot then you commit your INJ
Your share of the revenue depends on how much you put in
If you have 2% of the total committed INJ you get 2% of the revenue from the basket
Then on Sep 30 the committed INJ gets burned
There’s also something new this time with the Stockdrop
Every address that commits @injective gets a chance to receive one tokenized stock on Robinhood Chain
Putting in more INJ doesn’t give you more Stockdrop allocations and it’s separate from the BuyBack rewards
The stocks can be linked to names like NVIDIA AMC and others
These tokens give economic exposure to the stock but they don’t give you legal ownership or voting rights
The round ends on Sep 30 and that’s when the INJ gets burned and the claim opens
Stockdrop claims stay open until Oct 7
Im mostly watching how much INJ gets committed by the end of the round
That’s the number that actually gets removed from the supply
iKILZ 🦇🥷
$INJ has had a pretty crazy month 👇
I put it next to a few other names that are also connected to RWA onchain finance and financial infrastructure
▫️ $INJ +52%
▫️ $ONDO +16%
▫️ $LINK +16%
▫️ $XLM +6%
▫️ $CFG -5%
That’s a pretty big difference over just 30 days
$INJ is also up more than 85% over the last 3 months
So what’s been going on with INJ
A lot actually
The Solana expansion gave INJ access to another trading and liquidity environment with Raydium Jupiter Meteora Pumpfun and other apps now connected
The RWA side has also been moving fast
Tokenized assets the POSCO International and LG CNS trade finance pilot mortgage records coming onchain institutional products and the new Meridian upgrade are all happening around the same time
Then you have native USDC MultiVM Private RFQ new oracle infrastructure and more ways to build financial products on Injective
And there’s another thing I think matters here
Injective has gotten very good at putting these updates in front of people 🔥
@injective team ships a lot the branding is strong and every new integration gets a lot of attention across CT
That combination can bring more users in and give the new products a better chance to actually get used
I wouldn’t read too much into one month of price action
But +52% in 30 days and 85%+ in 3 months while ONDO and LINK are around +16% XLM is +6% and CFG is down 5% is a pretty noticeable move
There’s clearly been a lot happening around INJ lately
Now Im wondering how much of this activity can keep growing from here 👀
iKILZ 🦇 🥷
I built HypeMeter in 4 hours with Jev + Minds. Its best trick is saying no, and deciding what is likely a rug vs real hype.
I am giving away an Argonaut NFT to reward Beta testers. Yes, that's you.
Every "alpha bot" screams BUY. None of them tell you which cheap listings are cheap for a reason. So I wired two things together:
Jev by @typesafeai . It does not write essays. It answers typed questions: pick one, score this, yes or no. About a third of a second per decision, cheap enough to judge every cheap listing instead of a shortlist.
Minds by @hellominds_ . Your own AI agent. Tell it your strategy in plain words ("Argonauts under 0.3, grade A or better") and it messages you one digest a day, pings you whenever steals are available.
First full sweep: 898 listings across 20 collections, including Robinhood (of course).
Calls that survived: one. And that one was my own bug: an "83% edge" that was a 2-item bid read as one. The sanity check now kills those before anyone sees them.
That is the product. Most cheap NFTs are traps, and it says so.
It also hunts rares priced under what their trait actually sells for. Yesterday it flagged an Argonaut with a 1-in-70 palette, listed at 0.79 ETH two days before the same palette sold for 0.9 and 1.0.
No hindsight. Every call is written down the moment it is made, then graded at 24 hours and 7 days. Public scoreboard, losses included.
Free while in beta. Sign in with Minds: https://t.co/5wi3fWpcrt
And yes, the giveaway is real: Argonaut #2764 goes to someone who actually uses it. Every active day is an entry, there is a leaderboard, and signing in before 24 Sept gets you 3 bonus entries. Rules on the site.
RT and comment "Jev" for extra entry.
Have fun sniping.