Injective has launched a « Stockdrop » event that allows INJ token holders to burn their tokens and potentially receive tokenized versions of real stocks. The available tokenized stocks include Nvidia, AMC, Meta, Snap, SPCX and HIMS, hosted on the Robinhood Chain, an Ethereum Layer 2 solution. The event began on September 23 and runs through September 30, with an additional week to claim rewards. Previous rounds have burned over 7.2 million INJ tokens, valued at approximately $55.5 million, with an average return of roughly 23.9% per round. Each wallet has an equal chance of receiving tokenized stocks regardless of the amount of INJ burned.
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