What is Injective (INJ)?
The Injective Chain is built on Cosmos, which allows it to transfer and process ETH. It also supports super-fast transaction speeds upwards of 10,000 TPS.
Injective gives users a wide choice of DeFi features, such as:
- Injective Bridge: allowing for secure value transfers between multiple blockchains.
- Injective staking: letting users earn rewards by supporting Injective’s PoS network.
- Insurance funds: for underwriters to back different markets on the Injective exchange
- Injective Auctions: letting users bid on different token baskets using INJ tokens. The winning bidder gets the basket while their INJ is then burned.
All of these are available through the Injective Hub, which provides users with easy access as well as a full overview of all the protocol’s features.
When it comes to developers, Injective allows them to build highly efficient, interoperable dApps with high transaction speeds. The protocol boasts unprecedented interoperability with connections to major blockchains like Ethereum, Solana and Cosmos, among others.
Novel Web3 modules provide an intuitive, plug-and-play way to create a wide range of financial applications. In addition, the innovative CosmWasm smart contract system (built on Rust) allows the integration of autonomous logic into truly decentralized applications.
Why to buy Injective (INJ)?
INJ, Injective’s native token, is deflationary by nature, meaning that its supply will decrease over time, potentially increasing the price of the token. The protocol also boasts one of the highest burn ratios in the crypto industry.
Owners of INJ token have multiple ways of leveraging their assets - from auctions to staking to using insurance funds, allowing for a smarter approach to managing their investments. INJ can also be used to vote on updates to the protocol and to influence its future direction.
