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Injective Injective
Moe-

Hey for the buyback and burn...it says that : All

exchange fees will be allocated into a pool and open up for auction periodically. Bidders can bid in INJ and the proceeds of the auction will be burnt. ....From my understanding the exchange fees can be paid in any coin/token? Therefore, there's a bidding process to convert those fees into INJ? And then those INJ token get burned? Is that right?

#cryptocurrency #english #injective
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Seranium🥷🧬-

correct

0
26.10.2021
Moe- Автор вопроса
Seranium🥷🧬
correct

Ok awesome! Why is there a bidding process used instead of trading those assets on the exchange or any of the CEX for INJ? Wouldn't we lose some of the value through this bidding process because I doubt anyone would bid the fair market value? I'm guessing all bids would be less than the fair value? Or has the math been done and they determined they would lose more value by trading it through CEX and other DEX because of fees and lack of liquidity?

0
26.10.2021

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