#INJ The INJ coin is the native token of the Injective Protocol, a real and established Layer-1 blockchain designed for high-performance decentralized finance (DeFi) applications. It is not a fake coin and is listed on major global exchanges. Its price currently trades in the range of approximately $5.80 - $5.90 USD."$INJ 🇵🇰 Full description of INJ coin (Injective)
INJ coin, whose full name is Injective Protocol, is a cryptocurrency and is a real digital asset. It is not a fake coin.
What is INJ coin?
INJ is the native token of Injective Protocol.
Nature: It is a Layer-1 blockchain specifically designed for DeFi (Decentralized Finance) applications.
Purpose: Its purpose is to provide a decentralized exchange (Decentralized Exchange - DEX) where people can trade various derivatives, margin trading, and forex futures without any intermediary.
Features: It is built on the Cosmos SDK and uses the Proof-of-Stake (PoS) method, which provides fast and secure transactions.
Use Cases of the Token:
Governance: INJ holders can vote on the development and changes of the protocol.
Staking: Tokens are staked to secure the network and rewards are received for it.
Token Burning: A portion of the exchange fees is burned through weekly auctions.
