Injective launched its Stockdrop, allowing participants to burn INJ tokens for a chance to receive tokenized stocks (digital representations of equity exposure). The event began on September 23 alongside Injective’s monthly Community BuyBack program and runs through September 30, followed by a one-week period to claim allocated rewards. Each participating wallet receives an independent random allocation chance, regardless of whether it commits 10 INJ or 10,000 INJ. Available assets are linked to Nvidia, AMC, Meta, Snap, SPCX and HIMS, and are issued on Robinhood Chain, an Ethereum Layer 2 (a scaling network built on Ethereum) designed for tokenized stocks. The underlying buyback program has burned more than 7.2 million INJ, valued at approximately $55.5 million, while earlier participants received an average return of roughly 23.9% per round. Governance proposal IIP-617 established the buyback-and-burn mechanism as a core element of Injective’s tokenomics.