Buy Injective (INJ), it’s easy!

Why Buy Injective (INJ)

Consider buying Injective (INJ) because it’s one of the most promising projects in the Cosmos ecosystem, a Layer 1 specifically built for decentralised finance (DeFi) platforms. Its network allows for many transactions per second with minimal fees. Sometimes, these fees can even be zero, thanks to a relay service made possible by the API nodes of this network.

Another reason to buy Injective lies in the features of its utility and governance token, which has a unique attribute that significantly reduces inflation. Holding INJ is necessary for paying transaction fees and for participating in the future decisions of the project, which are implemented after votes by the DAO (decentralised autonomous organisation). Moreover, the Injective team has implemented a buy-back-and-burn mechanism, using a portion of the money spent on fees (about 60%) to repurchase and burn some of the circulating supply.

In short, you might buy INJ because the circulating supply of the token is progressively decreasing, making it rarer and, consequently, more valuable.

What is Injective, and how did It start

To decide whether to buy Injective (INJ), it’s essential to be aware of its history. Injective Protocol was founded in 2018 by Eric Chen and Albert Chon to become a cutting-edge decentralised exchange, free from the classic problems of such platforms. Over time, however, the development team began to envision Injective as more ambitious.

Today, it is one of the most promising Layer 1 Proof-of-Work blockchains and hosts a variety of decentralised applications. The total value locked has been steadily growing since 2022, as well as the number of developers working on this network. Another reason that might encourage you to buy Injective is the support from Venture Capitals.

Thanks to excellent work in its early years, the project raised over $190 million in various funding rounds, reaching a valuation of a billion dollars. These capital increases were contributed to by significant investment funds and exchanges such as Pantera Capital, Jump Capital, BlockTower, Binance Labs, Kraken Ventures, and even Mark Cuban, the general manager of the NBA team Dallas Mavericks.