Injective (INJ) is a blockchain designed to facilitate the creation of interoperable decentralized finance (DeFi) and Web3 applications. The platform provides users with a variety of financial infrastructure building blocks that they can combine effortlessly to create new applications. These blocks include a high-performance decentralized exchange (DEX), bridges to connect with other networks, oracles that enable access to off-chain data, and a smart contract layer based on CosmWasm technology.

Injective is built using the Cosmos SDK and a Tendermint-based Proof-of-Stake (PoS) consensus mechanism. This allows for nearly instant transaction finality and breakneck transaction speeds, with the capacity to handle over 10,000 transactions per second. 

Injective Protocol (INJ) Features and Updates

Resistant to Front-Running

Injective Protocol’s frequent batch auction model provides protection against front-running. In traditional trading platforms, front-running occurs when traders use their knowledge of upcoming trades to place their trades before others, which can result in unfair pricing advantages.

However, with Injective Protocol’s frequent batch auction model, all trades are processed simultaneously in a batch at a predetermined interval. This means that the platform fills all orders simultaneously, ensuring that no trader can gain an advantage by placing their trades ahead of others.

High Level of Confidence

The Injective Chain is a permissionless public blockchain network that utilizes Delegated Proof-of-Stake (DPoS) consensus, allowing anyone to participate in the network’s governance and earn rewards for staking their tokens.

As a public blockchain network, the Injective Chain is open to anyone, and all transactions are publicly traceable and auditable. This high level of transparency and accountability ensures that users can have confidence in the integrity of the network.

One of the key benefits of the Injective Chain is that it allows users to have complete control over their trading activities. Users can develop new derivatives markets in minutes and create customized financial instruments that suit their unique needs and preferences.

Neutral Liquidity

Injective Protocol allows traders to access multiple liquidity pools without restrictions, creating a completely decentralized and trustworthy trading environment. Exchanges built on the Injective network can share the same liquidity, giving them access to a broad user base and a large pool of liquidity across the entire network. This eliminates the “cold start problem” developers often face when starting a new exchange, as they don’t need to acquire their initial liquidity. This shared liquidity model on Injective allows for more efficient use of resources and promotes greater liquidity, depth, and stability across the network. 

Fully Decentralized

A Decentralized Autonomous Organization (DAO) oversees the Injective Protocol, managing all new market listings and protocol-level updates. This DAO is completely community-driven, meaning the network’s users have a say in managing and developing the protocol. This approach ensures that Injective Protocol is decentralized and transparent, with no single entity controlling the decision-making process.

The injective Protocol team has recently launched several programs. Some of the updates includes:  

The Ninja Masters Ambassador Program Launch

The Injective $150M Ecosystem Fund $INJ

Who are the Founders of Injective Protocol (INJ) Token?

The founders of Injective Protocol are Eric Chen, Albert Chon, and Mirza Uddin. They founded the project in 2018, intending to create a fully decentralized, censorship-resistant, and high-performance platform for trading derivatives. The INJ token, used for governance and staking within the network, was launched in 2019.

Read also: What is Qtum (QTUM)? – How to Buy and Use It

What Makes INJ Token Unique?

• The decentralized layer-2 derivatives platform Injective offers enables users to trade derivatives at high speeds without any gas fees.

• Injective allow traders to access and trade on any derivative market using just a price feed, creating new opportunities for exploration.

• Injective supports various trade and yield generation activities across different layer-1 blockchain networks.

• The governance system of Injective will be completely decentralized and managed through a Decentralized Autonomous Organization (DAO) structure. The community will vote on new listings and network updates.

How Many INJ Tokens are There in Circulation?

At the time of writing, INJ has a circulating supply of 73,005,554 INJ coins and a max. supply of 100,000,000 INJ coins.

How is the Injective Network (INJ) Network Secured?

Injective provides a secure platform for deploying applications, thanks to the globally distributed validator nodes that support its proof-of-stake network. Some of the largest institutions participate in this network. Injective uses Tendermint PoS consensus to ensure transaction security and instant finality.

How can Crypto Investors use Injective Protocol (INJ) Token?

Crypto investors can use Injective Protocol in several ways:

Trading: Injective Protocol provides a decentralized exchange (DEX) where users can trade cryptocurrencies and other assets with low fees and high speed. As an investor, you can use the DEX to buy and sell various cryptocurrencies without relying on centralized exchanges that may have higher fees, slower transaction times, and custody risks.

Yield Farming: Injective Protocol also offers various yield farming opportunities where users can earn rewards in the form of the platform’s native token, INJ, by providing liquidity to specific pools. You can stake your crypto assets in these pools and earn additional income through the rewards as an investor.

Decentralized Derivatives: Injective Protocol allows for the creation and trading of various decentralized derivatives, including futures, perpetual swaps, and options. As an investor, you can use these products to hedge your portfolio or speculate on the price movements of various assets.

Governance: Injective Protocol is a community-driven platform, and users can participate in the governance process by holding INJ tokens and voting on various proposals. As an investor, you can use your voting power to influence the direction of the platform and ensure that your interests are represented.

Where Can You Buy Injective Protocol (INJ) Token? 

Injective Protocol (INJ) can be purchased on several popular cryptocurrency exchanges like Binance, Kucoin, Uniswap, Gate.io, Bilaxy, and Houbi.

FAQ 

Is Injective Protocol a good investment?

The article has provided a guide to independently deciding without being influenced by a writer’s financial opinion. However, it is advisable to understand what a project is all about before investing.

Does Injective Protocol (INJ) have a future?  

The Injective Protocol’s native token, INJ, is expected to reach a maximum price of $9.04 by 2023, despite experiencing minor price pullbacks. According to Injective Protocol price predictions, the minimum and average price of INJ tokens by the end of 2023 are projected to be around $7.57 and $8.07, respectively.