What is Injective Token (INJ)?

Modified on Thu, 07 Dec 2023 at 07:08 PM

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.

Injective Price Data

As of September 10, 2023, according to Coinmarketcap, the Injective (INJ) token has a maximum supply of 100 million tokens. Its current market capitalization is approximately $544 million USD, which is equivalent to more than 19,483 million Thai Baht. The coin’s value today is approximately $6.5 USD per token. This places INJ as the 58th-ranked cryptocurrency by market capitalization in the global digital currency landscape.


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