I’m sure we’ve all had moments where someone we are close to or just a random person expresses their dislike for technology. In our minds,we ponder: ‘ Is this genuine or not?’ but we never really have an answer. Can a person really dislike technology after experiencing such significant advancement from the stone age to the digital age? Remember how just a few years ago, we were all about spreadsheets and calculators? Now, we’re living in an age where AI is making decisions faster than you can sa
If you are Thai then you probably should have gotten first hand info on this. 🇹🇭
Bitkub , which is basically the biggest crypto exchange in Thailand, decided to team up with the @Injective Blockchain few days after the First-ever Injective Summit that was held in Bangkok Thailand.
This is a big deal because it shows that Injective isn't just any blockchain; it's becoming a big player that even the top dogs in the crypto market want to work with.
Starting from 13 November 2024 at 02:00 PM (GMT+7), activation of the $INJ deposit and withdrawal for the Injective Network was initiated whilst deposit and withdrawal of $INJ on the $ETH (ERC-20) network was deactivated.
➣ So, what does this mean?
Well, it means that Injective is gaining some serious street credit.
What is it called on GTA ?
Respect ++
Bitkub isn't just throwing their support behind any ol' blockchain; they've chosen Injective for its cool features that make trading and finance easier and safer.
This integration facilitates:
➞ Seamless $INJ Transactions: Bitkub now supports the native Injective chain, allowing for direct transactions with INJ tokens on this blockchain.
➞ Automatic Token Migration: Existing ERC-20 INJ tokens on Bitkub are automatically migrated to the Injective Network at a 1:1 ratio, simplifying the process for users.
➞ Enhanced DeFi Opportunities: This partnership opens up new DeFi tools and trading opportunities for Bitkub users, leveraging Injective's capabilities for derivatives, futures, and other financial instruments.
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This move is seen as a strategic enhancement aimed at improving the functionality and efficiency of trading INJ tokens on the platform, aligning with the operational plans of the INJ token issuer to provide better benefits for customers.
With this integration, #Injective🔥 is stepping into the spotlight, proving it's got what it takes to make waves in the DeFi space.
Stay tuned folks, Stay safe out there, and see you when I see you 😉....
The Injective community placed a major request that more onramps be added to Injective.
As usual Injective delivered.
The team worked to add the biggest on-ramp providers so you can go from credit card to $INJ in mins.
All you need to know about MoonPay, the latest addition↓
MoonPay is a prominent cryptocurrency on-ramp and exchange platform.
Founded in 2019, MoonPay has grown to over 20 million accounts worldwide.
MoonPay supports over 110 cryptocurrencies and operates in more than 180 countries.
MoonPay recently announced its partnership with @Injective ,a high-speed blockchain focused on developing premier finance apps.
This integration brings several benefits to $INJ users:
➭ Users can now buy INJ using various payment methods, including debit and credit cards, Apple Pay, Google Pay, PayPal, and bank transfers.
➭ The partnership aims to make decentralized finance (DeFi) more accessible to everyday users.
➭ Currently, users can only purchase native $INJ on Injective but the plan is to add more supported assets soon.
➭ dApps on #Injective🔥 will soon be able to leverage the integration to offer users a seamless process of using their cards to purchase INJ in quick steps.
Moonpay is available across web, iOS and android.
Well for those yet to onboard into web3, this means a lot for you.
Now's your chance!
The barriers to entry have just gotten a whole lot lower.
Token burns are overrated for increasing token value.
Sure, they reduce supply, but that's not always the golden ticket to higher prices.
Let's break this down, shall we? 😌
First off, burning tokens means you're taking some out of circulation.
Basic economics would tell you that if demand stays the same or goes up while supply goes down, price should increase.
But here's where it gets tricky – the market isn’t always that straightforward. If the ecosystem or the project isn't robust or if there's no real demand for the token, burning tokens could just be like burning money for the sake of it.
This week, they burned over 11k INJ tokens in their burn auction. Impressive, right? This burn is part of their ongoing effort to make $INJ an 'ultrasound' token, meaning the supply decreases over time due to these burns.
The idea is cool - it's like giving your token a scarcity boost, which can, in theory, push its value up if everything else in the ecosystem is firing on all cylinders.
But here’s some real talk: the burn mechanism in Injective isn't just about reducing supply. It's about community engagement, ecosystem growth, and aligning incentives. When you participate in these burn auctions, you're not just watching your token potentially gain value; you're part of a process that helps fund the growth of the network. It creates a vibe where everyone's got skin in the game, pushing for the project to succeed.
The thing is, while burning tokens can be beneficial, it’s not a magic wand. For the value to genuinely increase, the ecosystem needs to thrive – you need active users, innovative dApps, and real utility for the token.
So, yeah, burning tokens might look like a straightforward way to boost value, but it’s really just one piece of a much larger puzzle.
If you're into $INJ or any token with a burn mechanism, keep an eye on the whole ecosystem, not just how many tokens get turned to ash each week.
Remember, the real value comes from what's being built, not just what's being burned.
“Dear readers,Can a 700–1000 worded article effectively educate us on why we shouldn’t miss out on building on injective?Well,it would be quite impossible to give the right answer if you don’t have a read.”
WHAT IS INJECTIVE?
Skipping the whole definition story, I’d love to capture my readers with injective’s success story. What better way to keep a human’s attention?I bet you’d agree with me. Ever heard the saying, “Don’t be afraid to start over, it’s a chance to build something bigger and be
Helix, built on @Injective , had surpassed an astonishing 40 billion dollars in trading volume.♨ Week in and week out, these dApps on injective are hitting the peak. That's right, the DeFi sector is heating up, and #Injective is at the forefront with its standout dApps. Injective offers a decentralized finance platform where users can engage with high-speed, low-fee trading platforms like Helix, enjoy automated yield strategies through Mito Finance, stake assets for liquidity with Hydro, or ev
Recently, HelixApp — The premier decentralized order book crypto exchange for trading crypto assets and derivatives on @Injective hit over $40B in trading volume.
This milestone showcases the growing adoption of decentralized exchanges, proving that DEXs can compete with traditional platforms in liquidity and user engagement.