What is Injective Protocol (INJ)? How to buy INJ

What is Injective Protocol?

The Injective Protocol is a decentralized protocol that enables cross-chain derivatives trading. The Injective Protocol supports a wide range of financial products such as perpetual swaps, futures and spot trading.

Injective Protocol uses Ethereum and Cosmos ecosystems through peg zones To create a gas-free cross-chain transaction network at a fast speed.

Injective aims to build a trusted, censorship-resistant, publicly verifiable and fair order of transactions.

Key features of Injective Protocol

With a vertically integrated infrastructure, the Injective Protocol allows anyone to trade derivatives. The outstanding features of Injective Protocol include:

• Layer-2 Decentralized Derivatives Trading: Injective Protocol allows transactions with fast speed and no gas fees.
• Trade on any market: Injective allows anyone to trade on any derivative market, with just a single price feed. As a result, Injective users have more trading opportunities that other exchanges do not have.
• Cross-chain trading and yield generation: Injective is capable of supporting a wide range of trading and other yield activities on layer-1 networks.
• Network governance: Injective will be governed by a decentralized community, voting on new or changed listing decisions of the network, based on the DAO model.
• Liquidity Mining: Injective allows users to earn additional profits through liquidity mining schemes built on top of the network.

Product structure of Injective Protocol

The Injective Protocol consists of 4 main components:

Injective Chain: a completely decentralized sidechain relay network that acts as a layer-2 derivatives platform, a transaction execution coordinator (TEC) and a decentralized order book.

Smart Contracts on Ethereum: Injective is a protocol that works closely with INJ. Therefore, the interaction in the network will be done through the following smart contracts:

• Transaction coordination contract
• Staking contract
• Futures contract
• Bridge contract between Ethereum and Injective chain
• INJ token contract

Injective’s API nodes: provide services related to transaction relay and serve as data layer for the platform.

Injective user interface: allows anyone to join the network without permission.

Token INJ

INJ is a native asset of Injective Protocol platform, with the following uses:

• Network governance: govern Injective sidechain’s components, including futures contracts, network upgrades, exchange parameters.
• Value capture: buy back and and burn transaction fee to accumulate value for INJ.
• Collateral backing for Derivatives: INJ will be used as an alternative to stablecoins as collateral for Injective’s derivatives markets.
• Encourage participation in transactions: plan to mine liquidity and distribute INJ daily.
• Proof-of-Stake (PoS) security based on Tendermint: encourage users to staking INJ and join the network consensus to receive block rewards.

Specifications

• Ticker: INJ
• Blockchain: Ethereum + Injective Chain
• Total supply: 100,000,000 INJ
• Circulating supply: 32,655,553.33 INJ (33%)

Token Allocation

• Binance Launchpad Sale: 9%
• Seed Sale: 6%
• Private Sale: 16.67%
• Team: 20%
• Advisor: 2%
• Ecosystem development: 36.33%
• Community development: 10%

INJ token Price today

How to buy INJ

Injective Protocol (INJ) has been listed on Attlas Exchange.

Traders can easily and securely buy INJ with lowest fees on Attlas Exchange.

Step 1: Download the app and register an account

Step 2: Select Market on the toolbar at the main screen

Step 3: Select Spot

Step 4: Find INJ

Step 5: Select Buy

Summary

This article is an overview of Injective Protocol (INJ), not a financial advise.

Users are advised to do their own research before making any trading decisions.