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We are Listing Injective (INJ)

December 20, 2024
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1 min

Injective is a Layer-1 blockchain specifically designed to support advanced decentralized finance (DeFi) applications. It aims to provide a fast, secure, and interoperable platform for a wide range of financial products, including:

  • Decentralized Exchanges (DEXs): Injective enables the creation of DEXs that offer a diverse range of trading pairs, including spot, futures, perpetuals, and options markets.
  • Lending Protocols: It supports the development of decentralized lending platforms that allow users to lend and borrow crypto assets.
  • Derivatives Trading: Injective provides the infrastructure for trading complex financial derivatives, such as options and futures.
  • Custom Financial Applications: Developers can build custom financial applications tailored to specific needs, leveraging Injective's flexible platform.

What is the INJ token?

INJ is the native cryptocurrency of the Injective blockchain. It serves multiple critical functions within the ecosystem:

  • Network Security: INJ is used for staking, where users lock up their tokens to secure the network and earn rewards.
  • Governance: INJ holders have the power to vote on protocol upgrades and other important decisions.
  • Fees and Transactions: INJ is used to pay transaction fees and other costs within the Injective ecosystem.
  • Utility Token: INJ can be used in various DeFi applications, such as lending and borrowing.

Injective also employs a unique token burn mechanism. A portion of the fees generated by dApps on the platform is used to buy back and burn INJ tokens. This reduces the overall supply of INJ, potentially increasing its value over time.

Here are some of the key aspects you should consider:

  • Trading Volume (24h): The trading volume of INJ in the past 24 hours is $376,935,961.
  • Self-reported Circulating Supply: The self-reported circulating supply of INJ is 97,727,220 tokens.
  • Total Supply: The total supply of INJ is 100,000,000 tokens.

Trade INJ

Join the Injective ecosystem and support a truly decentralized future! To do so, head over to our trading page and secure your share of INJ tokens.

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Tothemoon may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Tothemoon's skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.