#Injective🔥
INJ is a Native Token to power the rapidly growing Injective Ecosystem. The benefit that INJ holders receive is the ability to oversee and have the power to decide the future of the protocol. And can use other benefits in the ecosystem as well, whether it's collecting value, dApp, or security.
What is INJ Token?
INJ is a Native Token to power the rapidly growing Injective Ecosystem. The benefit that INJ holders receive is the ability to oversee and have the power to decide the future of the protocol. And can use other benefits in the ecosystem as well, whether it’s collecting value, dApp, or security. Proof-of-Stake (PoS) uses Tendermint and is used to reward developers and Stake.
The INJ token is extremely deflationary: 60% of all fees from dApps created on Injective are auctioned off weekly through a buy-back and burn mechanism. As a result, the supply of INJ has decreased significantly over time. According to updates as of April 2023 from Coinmarketcap, the maximum supply of INJ tokens is 100,000,000 and the current circulating supply is 80,005,555 INJ.
