InjectiveINJ

About(INJ)

FAQ About Injective (INJ)

• What is Injective (INJ)?

  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.

• How to Buy INJ?

  You can buy INJ with USDT here on Toobit. Read our guide on How to Buy Crypto on Toobit for more information.

• What are INJ Token Tokenomics?

  1. Proof of Stake Security
  2. Governance
  3. Exchange dApps Incentives
  4. Exchange Fee Value Accrual
  5. 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.