Injective is the blockchain solution tailored for finance.Injective is the only blockchain platform where developers can find robust out-of-the-box modules such as a decentralized orderbook that can help them build complex applications easily and quickly. Furthermore, Injective provides an open interoperable smart contracts platform.Injective was developed using the Cosmos SDK and can quickly reach instant transaction finality using Tendermint proof-of-stake consensus framework. Furthermore, Injective provides fast cross-chain transactions across large layer one networks such as Ethereum and Cosmos Hub.The Injective ecosystem is a decentralized application network designed to offer users an exceptional user experience. Through providing unrestricted and unprecedented access to decentralized financial markets, products, services and toolsings the Injective ecosystem enables individuals with more efficient capital allocation strategies.
What is Injective (INJ) Price Now?
Are you looking for INJ Price? Live INJ price is updated in real-time on Toobit.
Where to Buy Injective (INJ)?
You can buy INJ on some cryptocurrency exchanges. Choose one that suits you. You also can buy INJ on Toobit with USDT. Read our guide on How to Trade Spot on Toobit for more information.
1. Proof of Stake Security2. Governance3. Exchange dApps Incentives4. Exchange Fee Value Accrual5. Collateral Backing for Derivatives
How Many INJ Are in Circulation?
INJ has an 82 million circulating supply as of April 2023 and maximum supply stands at 100 billion tokens.INJ is the utility token powering Injective's fast-expanding ecosystem and platform.The INJ token serves multiple functions, including protocol governance, value capture of decentralized apps (dApps), Tendermint-based Proof-of-Stake security (PoS) protection and Developer Incentives/Staking.The INJ token is highly deflationary: every week, 60% of fees from Injective-built dApps are auctioned off through a buy back and burn mechanism, thus leading to an exponential reduction of INJ supply over time.The Injective network empowers developers to: * Create interoperable cross-chain DeFi applications with fast transaction times and instant finality. * Access deep cross-chain liquidity as well as novel financial instruments, such as decentralized perpetual swaps, expiry futures, binary options and prediction markets. * Launch applications using an automated smart contract implementation unique to Injective layer 1. * Permissionlessly list new markets on exchange dApps built on Injective without incurring gas fees for listing them. * Gain access to various dApps built on Injective with no gas fees due.
What are the benefits of holding INJ coin?
Holding INJ coin provides several benefits, such as the ability to participate in platform governance decisions, earn staking rewards, and access exclusive features and rewards on the Injective Protocol platform. Additionally, INJ coin holders can benefit from potential price appreciation as the platform grows in popularity.
How can users acquire INJ coin?
Users can acquire INJ coin through various means, such as purchasing it on cryptocurrency exchanges, participating in staking and liquidity mining programs on the Injective Protocol platform, or earning it through trading and providing liquidity on the platform. Additionally, users can participate in airdrops and other promotional events to receive free INJ coin.
What sets INJ coin apart from other cryptocurrencies?
INJ coin stands out from other cryptocurrencies due to its focus on decentralized exchange and cross-chain trading. The Injective Protocol platform offers a unique and innovative approach to trading by utilizing a decentralized order book model, enabling users to trade across different blockchains seamlessly. Additionally, the platform's governance system gives INJ coin holders a say in important platform decisions, setting it apart from other cryptocurrencies.
What factors could potentially affect the INJ price in the near future?
Market sentiment: The overall mood of the cryptocurrency market can heavily influence the INJ price. Positive news and developments regarding Injective Protocol could lead to an increase in demand and subsequently drive up the price.Regulatory developments: Any new regulations or legal challenges for decentralized exchanges such as Injective Protocol could impact the price of INJ. Investors may react negatively to adverse regulatory news, leading to a drop in price.Integration and partnerships: Collaborations with other projects or platforms could positively impact the price of INJ as it increases exposure and utility for the token.
How has the INJ price evolved over the past year, and what are some key milestones that have influenced its price movement?
The INJ price has experienced significant volatility over the past year, reaching an all-time high in May 2021 before correcting along with the rest of the market. Key milestones that have influenced its price movement include the launch of its mainnet, listing on major exchanges, and partnerships with other prominent projects in the industry.The INJ price has also been impacted by broader market trends and sentiment, with major price movements often coinciding with market-wide rallies or corrections.
What are some potential price predictions for INJ in the near future, and what are the factors driving these projections?
Price predictions for INJ in the near future vary depending on market conditions and factors specific to the project. Some analysts have predicted that INJ could reach new all-time highs based on its strong fundamentals, growing adoption, and positive sentiment within the cryptocurrency community.Factors that could drive these projections include the continued development of Injective Protocol, new partnerships and integrations, and broader market trends. It's important to note that price predictions are speculative in nature and should be taken with caution.