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What is INJECTIVE?

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About INJ

INJ is the native crypto of Injective, a lightning-fast Layer 1 blockchain built for decentralized finance. Using the Cosmos SDK and CosmWasm smart contract platform, Injective enables seamless creation of financial applications like DEXs, lending platforms, and prediction markets. INJ is used for gas fees, staking, governance, and a unique deflationary burn mechanism that supports long-term value.

 

Key Points of INJ

  • Finance-first design: Injective was built from the ground up for DeFi use cases, offering real-time trading and financial innovation.
     
  • Cosmos interoperability: Connects with Ethereum, Solana, and other major chains for cross-chain assets and apps.
     
  • On-chain order books: One of the few blockchains with a fully decentralized order book built directly into the protocol.
     
  • Deflationary tokenomics: A portion of protocol fees is used to buy and burn INJ via weekly auctions.
     

FAQ

1. What is INJ used for? INJ serves multiple roles within the Injective ecosystem:

  • Gas fees: Used to pay for transactions and contract executions.
     
  • Staking: Validators and delegators stake INJ to secure the network and earn rewards.
     
  • Governance: INJ holders vote on network upgrades and proposals.
     
  • Burn auctions: A portion of collected fees is used to purchase and burn INJ, reducing supply.
     

2. How does Injective work?

 Injective is a high-performance Layer 1 blockchain optimized for finance:

  • Built with the Cosmos SDK and running a Tendermint* based consensus for instant finality.
     
  • Uses CosmWasm platform for secure and flexible smart contracts.
     
  • Integrates a decentralized order book that enables fast, fair trading without intermediaries.
     
  • Enables cross-chain trading through bridges with Ethereum, Solana, and others.
     

Example: Marco wants to trade synthetic assets** on-chain without relying on a centralized exchange. He accesses a DeFi app built on Injective, where he places an order using the protocol’s native order book. The trade is executed instantly with near-zero fees, and he earns INJ for participating in governance and staking.

 

*Tendermint is a Byzantine Fault Tolerant (BFT) consensus engine used by many blockchains in the Cosmos ecosystem. It enables fast finality and resilience against faulty or malicious nodes.

**A synthetic asset is a crypto-based financial product that mirrors the value of a real-world asset, without owning the asset itself.

 

3. How can I buy INJ on Bitso?
 

Buying INJ on Bitso is simple:

  1. Log in or create your Bitso account.
     
  2. Use the conversion feature to swap your preferred local currency: MXN, ARS, BRL, COP, or USD, for INJ.
     
  3. Monitor the price of INJ  through the Bitso app.
     

Important: INJ is currently only available for conversions on Bitso. Deposits and withdrawals to external wallets are not yet enabled. However, you can send and receive INJ with other Bitso users via Bitso Transfer.

 

Disclaimer

INJ is the native crypto of Injective, a Layer 1 blockchain focused on high-performance decentralized finance. With features like CosmWasm smart contracts, an on-chain order book, and cross-chain integration, Injective is designed for advanced trading and DeFi applications. However, the value of INJ is speculative and depends on market conditions and protocol adoption.

The digital asset market is inherently volatile, and prices can change rapidly. This article is intended for informational purposes only and does not constitute financial advice. Bitso encourages all users to conduct their own research (DYOR) before buying, selling, or using any digital asset.

 

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