INJ, the native token that fuels the Injective blockchain.
$INJ is currently trading at $35 with a 24hr trading volume of 1.12B. it's one of the tokens with great potential you should have your eyes on in 2024.
$INJ is more than just a token on Injective; it's what powers the entire ecosystem. It serves a diverse range of functions, empowering users and developers alike.
Let's Delve Into Its Key use cases:
1.Governance: As an$INJ holder, you can vote on crucial decisions shaping Injective's future, including upgrades, fee structures, and more.
You can also vote and participate in other key decision-making processes on the Blockchain.
2. Fee Value Capture: INJ is burned every week via the burn mechanism. so, 60% of dApp fees are used in the buy-back-and-burn auction, making INJ deflationary and potentially increasing its value.
3. Network Security: INJ secures the Injective blockchain through Proof-of-Stake (PoS), rewarding validators and delegators for their contributions. You can as well stake your INJ and contribute too to the network's security, earning rewards in the process.
4.Developer Incentives: 40% of dApp fees is used to incentivize developers to build and maintain applications on injective, further enriching the ecosystem
As a developer, this means that, you can develop and maintain dApps on Injective and earn a share of 40% developer in incentive pool. Build and earn 🏠 💰
5.Staking: Users can earn passive income by staking $INJ, promoting long-term commitment and a stable community.
For passive income, get and stake INJ and earn with a whooping 17% APR.
INJ is what fuels the injective ecosystem, serving as a medium of exchange, DeFi participation and a host of other stuff on the Blockchain.
To learn more about Injective, the fastest and cheapest L1 blockhain built for finance, visit
Website: https://injective.com/
Stake INJ: hub.injective.network/staking
Guide to stake: https://blog.injective.com/en/injective-hub/
