INJ is a digital coin running on the Injective (INJ) network, an open and highly interoperable blockchain utilizing a Tendermint-based Proof-of-Stake (PoS) consensus mechanism. Its surge in popularity is attributable to its pioneering approach to devolved exchange. Through leveraging Layer-2 technology, Injective permits individuals to trade diverse assets across different distributed ledgers. The platform offers a reliable, straightforward, and user-friendly domain for traders to engage in peer-to-peer transactions. With its growing fan base and increasing adoption, the token (INJ) has earned a position as a promising competitor in the decentralized finance (DeFi) space.
A Bit About Injective
Injective (INJ) was founded by Eric Chen and Albert Chon, who aimed to establish a robust DEX protocol. The project stands for democratizing finance and empowering individuals by providing a gateway to limitless trading opportunities. Injective, via its proprietary INJ token, aims to solve the issues of scalability, speed, and interoperability faced by traditional centralized exchanges. INJ offers super-fast transactions, with transaction speeds of up to 10,000 tps and a block time of 0.9 seconds. Additionally, Injective (INJ) allows users to trade assets from various blockchains offering the most desired convenience.
Injective native coin is here, also running on Ethereum and BNBCryptoLists.com
INJ is a utility crypto powering Injective and its assets. The token is used to facilitate all dealings via the Injective blockchain besides having several other use cases, such as staking, governance, and rewarding builders, delegators, and validators on the platform. INJ is a deflationary cryptocurrency, with a total supply of 100M tokens meaning it has a steadily increasing purchasing power. One of its standout features lies in its use of the Tendermint-bases Proof-of-Stake (PoS) consensus protocol, enabling it to achieve high throughput and near-instant transaction finality. This approach ensures that users can enjoy fast and efficient trading experiences without sacrificing security.
Utility of Injective?
The INJ token was released to much acclaim and since then its use cases have broadened. It's the primary utility token of the Injective blockchain and its ecosystem, meaning it facilitates all transactions on the platform.
Currently, INJ is listed on several top crypto exchanges like Binance, Huobi, and more, where you can trade it against fiat currencies or with other cryptocurrencies for profit.
Holding the INJ token gives you governance rights on its protocol, allowing you to vote on proposals for protocol upgrades and participate in burn auctions. Additionally, the token is used for PoS security and dAPP value capture.
Also, INJ is used to allocate incentives for builders, as collateral for derivatives trading, and for providing liquidity via staking pools on the network.
Injective Price details
ETH Contract address: 0xe28b3b32b6c345a34ff64674606124dd5aceca30
›› Details & Tokenomics
Advantages of Injective
+ It allows cross-chain trading, opening up a wide range of trading opportunities.+ Injective (INJ) features low transaction costs for its users
+ INJ token holders have governance rights and can participate in decision-making.
+ The token has a robust community and strong industry partnerships.
+ Users enjoy fast and secure transactions enabled by the PoS consensus algorithm.
Disadvantages
- As a novel project, INJ may face challenges in gaining mainstream adoption.- Competition from established currencies could pose a challenge to INJ's growth.
- Regulatory uncertainties in the cryptocurrency industry may impact the project's development.
- Gas fees on integrated networks may discourage users with smaller transaction sizes.
- INJ isn't as fast growing as some other blockchain native coins at present.
Costs
▪ Rated at 9/10INJ transactions via the Injective blockchain cost an average of $0.01, with zero gas fees charged for confirmations on the underlying Cosmos protocol. For cross-chain transactions, for example, via the Ethereum network, the costs primarily involve gas fees associated with interacting with the blockchain.
These fees are variable and hinge upon the congestion level of the network at any given time. However, Injective (INJ) aims to mitigate these costs by utilizing layer-2 technology, which enables off-chain order matching and settlement.
By doing so, the platform significantly reduces transaction fees while concurrently enhancing the overall user experience.
Reputation and Buzz
▪ Reputation rated at 9/10▪ Buzz rated at 8/10
Injective (INJ) has amassed a considerable reputation within the cryptocurrency community owing to its network's unique approach to decentralized exchange.
The project has gained recognition for its innovative features, permissionless transactions, lightning-fast transactions, diverse use cases, and low carbon emissions. Additionally, it enjoys the support of renowned investors, including Binance, Jump Crypto, Pantera Capital, and tech billionaire Mark Cuban.
INJ's performance on the charts has been rather impressive, showing a plausible degree of stability in the currently highly unpredictable crypto scene.
Fans of the token have termed it one of the best projects in crypto. INJ boasts an active community of over 150,000 members globally who engage in discussions, forums, and online platforms, further driving its buzz and fostering the growth of the project.
FAQ
Can I stake INJ and earn rewards?
Yes, INJ holders can stake their tokens and earn rewards through the Injective staking program.
Can the INJ token be purchased on regular exchanges?
Yes. You can trade or purchase INJ on several major crypto exchange platforms like Binance, Huobi Global, and KuCoin.
Who are the founders of Injective (INJ)?
INJ was co-founded by Eric Chen and Albert Chon (CTO).
Does the INJ have a limited supply?
Yes, INJ is a deflationary token with a maximum supply of 100Million.
What are the main use cases of INJ?
INJ powers all functions in its native Injective blockchain. Its utility encompasses protocol governance, blockchain security, developer incentives, and staking.
History of Injective
October 2020 - The Injective token sale started on Oct 19, 2020 and lasted one day.
7th January 2022 - INJ is made available for yield farming on the Solana blockchain.
23rd November 2022 - Injective officially releases its Fiat-to-Crypto solution with Kado.
3rd April 2023 - Injective launches liquid staking for its native token INJ.
31st May 2023 - Injective (INJ) launches a groundbreaking partnership with Polygon allowing for speedy cross-chain composability.
14th June 2023 - Nois launches new integration with Injective, enabling the broadening of fair cryptographic systems.
Screenshots from Injective
More sites where to buy/sell/trade Injective
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin. Click on the logo to read our review.
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Injective details and tokenomics
BNB Contract address: 0xa2b726b1145a4773f68593cf171187d8ebe4d495
Spinjo: a new crypto casino that's out of this world!
