#Injective🔥 @Injective
$INJ INJ is the native token of Injective Protocol, a Layer-1 blockchain optimized for decentralized finance (DeFi).Injective has a “Token Factory” module: you can create new tokens on the Injective chain.
So INJ is part of that ecosystem and helps maintain Injective’s infrastructure.Base denomination: 1 INJ = 10⁻¹⁸ “atto-INJ”, similar to how Ethereum uses wei.
Initial supply is 100 million INJ at token generation.
INJ is designed for very high TPS. The burn-auction helps reduce supply, which can be value-accretive if demand stays or grows.
INJ holders have real governance power.
If Injective’s ecosystem grows demand for INJ could go up, especially because of the burn mechanism.
According to its tokenomics paper, INJ is designed to be deflationary via its burn mechanism.
The SEC notes that INJ uses a dynamic supply mechanism.
Injective’s ecosystem continues to grow: more dApps, more financial primitives.
There is a liquid staking token called stINJ, so users can stake and still maintain liquidity. INJ is a solid DeFi-native token with strong utility. Its multi-purpose model (staking + governance + burn) is well thought out.
