Injective is a decentralized layer-2 exchange protocol that enables users to trade any asset, market or derivative with zero gas fees, high transaction speeds and censorship resistance. It is built on top of the Cosmos SDK and Tendermint, and uses the Ethereum Virtual Machine (EVM) for smart contracts. Injective's main goal is to bring decentralization to the financial market and provide users with the same level of experience as centralized exchanges. Its unique architecture enables the creation of new markets and trading pairs in a permissionless manner, providing users with the ability to trade any asset without any limitations or restrictions. Injective also provides a staking mechanism, allowing users to earn rewards and participate in governance decisions.
About $INJ token
INJ is the native token of the Injective Protocol, which is a decentralized exchange (DEX) built on top of the Cosmos blockchain. The token is used for staking, governance, and paying transaction fees on the platform. It was first launched through an initial exchange offering (IEO) on the Binance Launchpad in 2019. As a utility token, the value of INJ is closely tied to the success and adoption of the Injective Protocol as a decentralized trading platform.
How to buy $INJ with a payment card
1. Enter the amount of $INJ and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $INJ wallet
You are given the option to enter your $INJ wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $INJ with a credit and debit card.
1. Market Position and Adoption: Injective Protocol is a decentralized exchange (DEX) built on the Ethereum network. It offers fast, secure, and low-cost trading on a variety of assets, including derivatives, decentralized finance (DeFi), and crypto tokens. The platform is unique in that it operates as a layer-2 solution, which allows for faster and more efficient transactions. Since its launch in 2020, Injective Protocol has gained traction in the DeFi space, with its user base growing steadily. The platform aims to be an open, transparent, and accessible ecosystem that is not restricted by centralized entities.
2. Technology and Platform: Injective Protocol utilizes a layer-2 scaling solution to enable fast, secure, and low-cost trading. The platform uses Tendermint-based Proof-of-Stake (PoS) consensus, which offers high scalability and low transaction fees. The platform's architecture enables it to process up to 10,000 transactions per second, making it one of the fastest DEXs in the market. Injective Protocol is built on the Cosmos SDK, which offers a modular framework for building decentralized applications (dApps). The platform is accessible to developers who can easily build their own financial products on top of the Injective Protocol ecosystem.
3. Team: The Injective Protocol team is made up of industry veterans with experience in the blockchain and financial services sectors. The team includes co-founders Eric Chen and Albert Chon, who previously worked at hedge funds and trading firms. The team has also attracted high-profile investors, including Binance, Pantera Capital, and Hashed. The team's experience and expertise have enabled them to build a strong platform that has garnered attention in the DeFi space.
4. Competition: The DeFi market is highly competitive, with several DEXs vying for market share. Injective Protocol competes with other DEXs such as Uniswap, SushiSwap, and 1inch. However, Injective Protocol sets itself apart with its layer-2 architecture, which offers faster and more efficient trading. The platform also offers a broader range of financial products, including derivatives and margin trading, which sets it apart from many other DEXs.
5. Supply: Injective Protocol has a maximum supply of 100 million INJ tokens. As of February 2023, the circulating supply is around 52 million INJ. The tokens are used as a medium of exchange on the platform and as a governance token. INJ token holders can vote on platform upgrades, fee structures, and other decisions. The token is also used as collateral for staking and to incentivize liquidity provision on the platform. As the platform grows in popularity, the demand for INJ tokens is expected to increase.
1. Market Volatility: Like all cryptocurrencies, INJ is subject to volatility and can experience sudden and significant price fluctuations, which can lead to financial losses for investors.
2. Regulation: As with all cryptocurrencies, there is a risk of increased regulation by governments and financial institutions. This could impact the adoption and value of the token, as well as its ability to operate within certain jurisdictions.
3. Competition: The DeFi sector is highly competitive and rapidly evolving, with new entrants constantly emerging. Injective Protocol faces significant competition from other decentralized exchanges and trading protocols, which could impact the adoption and success of the platform.
4. Technology Risk: Injective Protocol is a relatively new platform, and there are inherent risks associated with any new technology. There is always the potential for bugs, hacks, or other technical issues that could negatively impact the functionality and security of the platform.
5. Adoption: While there has been significant interest in decentralized exchanges and trading protocols, there is still a risk that the market for these services may not grow as quickly as anticipated. This could impact the adoption of Injective Protocol and the value of the INJ token.
Potential market development triggers
1. Increased adoption in decentralized applications (dApps) and DeFi protocols built on the EOS blockchain, leading to greater demand for EOS token as a utility token for transactions and governance.
2. Partnerships and collaborations with major companies and organizations, particularly those in the blockchain and cryptocurrency space, to increase the visibility and use case of EOS token.
3. Improvements to the EOS platform, including increased scalability, security, and functionality, to enhance the overall user experience and attract more developers to build on the EOS blockchain.
4. Increased regulatory clarity and adoption by major financial institutions, leading to greater institutional investment in EOS token and other cryptocurrencies.
5. Increased awareness and education about EOS token and its benefits to the wider public, particularly in regions where cryptocurrency adoption is still relatively low.
6. Expansion into new markets and regions, particularly in developing countries where traditional financial infrastructure is lacking, to increase demand and adoption of EOS token as an alternative form of payment and investment.
7. Improved interoperability with other blockchains and cryptocurrencies, leading to increased utility and demand for EOS token as a bridge currency.
8. Introduction of new use cases for EOS token, such as staking, lending, and borrowing, to provide additional incentives for token holders and increase demand for EOS on the open market.