Injective Protocol or INJ is a blockchain designed specifically to serve finance by interoperating and powering next-generation DeFi applications. Currently, Injective Protocol owns a very large ecosystem with 100 projects and more than 150,000 members.
If you want more detailed and interesting information about Injective Coin, please stay tuned for upcoming content from AZCoin.
What is Injective Protocol?
Injective Protocol abbreviated as INJ, is a layer 1 blockchain, built on the Cosmos SDK and Tendermint Proof of Stake (PoS) mechanism of the Cosmos Hub network. The Injective Protocol was created specifically to serve the financial sector.
Accordingly, this platform will interact with and power next-generation DeFi applications through jobs such as market prediction, lending protocols, etc. All towards that main goal. is to create a free financial system through decentralization.
Currently, Injective Protocol’s ecosystem has grown extremely strong with the participation of 100 projects and more than 150,000 members from all over the world.
What main products does the Injective Protocol have?
In the Injective project ecosystem, there are 6 main integrated products including:
- Wallet: Wallet for users to manage assets on the Injective protocol and support ‘memo’ to ensure transaction security and safety.
- Bridge: Ability to perform cross-chain transactions with famous blockchains on the market.
- Staking: The model works based on the Proof of Stake mechanism to validate transactions.
- Governance: Users can propose modifications to Injective programs and be voted on by the community.
- Insurance Fund: Every user can create their own insurance fund when participating in the financial derivatives market.
- Auction: Burning auctions to increase trading capacity and attract users.
What is INJ Token?
INJ Token is the official cryptocurrency of the Injective Protocol project. This is considered one of the important tokens in the modern DeFi field. With this token, users can manage sidechain components on In lijective such as:
- Use network security through staking.
- Use as collateral.
- Use to participate in the network governance process.
Besides, if you want to know more information about other cryptocurrency platforms and projects, please take a look at the following content: VET, OKB, SUI,…
Basic information about INJ Token
Specifications
- Token Name: INJ Token
- Ticker: INJ
- Blockchain: Ethereum + Injective Chain
- Contract: 0xe28b3b32b6c345a34ff64674606124dd5aceca30
- Token Type: ERC-20
- Total Supply: 100.000.000 INJ
Allocation rate
The current allocation rate of INJ Token is as follows:
- Binance Launchpad Sale: 9%
- Seed Sale: 6%
- Private Sale: 16,67%
- Team: 20%
- Adviser: 2%
- Ecosystem development: 36,33%
- Community development: 10%
Exchanges
To be able to exchange INJ Token, the best crypto exchanges that we can recommend to you are major CEX exchanges such as Binance, OKX, MEXC,… Or you can also try trading at these exchanges. Large DEX for trading such as Uniswap, PancakeSwap,…
Stored e-wallet
To store INJ Tokens in the most effective and safe way, we recommend that you use hot wallets from the exchanges we suggested earlier. Besides, you can also use other e-wallets such as MetaMask, Keplr,…
Should you invest in INJ Token?
To invest in a cryptocurrency platform you need to calculate and evaluation process carefully, INJ Token is no exception. However, this is still a very potential platform thanks to:
- Idea: Injective Protocol is a project with the idea of bringing an exchange to the blockchain, which allows users to trade all the services of an exchange.
- Team: The people behind this project are all those who have participated in many large and successful projects.
- Investors: The project is currently receiving investment from many famous names such as Binance, Pantera, Mark Cuban,…
But of course whether or not you actually participate in investing is also your own choice and I wish you success.So together we have learned all the most interesting and relevant information about SUI
Summary
So together we have learned all the most interesting and relevant information about the Injective Protocol. Hope you got more useful information and see you in the future.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
