What is INJ coin? How does INJ coin work?

INJ Coin: The native token of the decentralized derivatives trading platform

INJ Coin is the native token of Injective Protocol, which is a decentralized derivatives Trading platform where users can trade various financial assets such as forex, cryptocurrencies and stocks. Injective Protocol uses off-chain matching and on-chain settlement to ensure the efficiency and fairness of transactions. Users can participate in platform governance and obtain various incentives through INJ tokens. Injective Protocol is committed to providing users with a safe, fast and low-cost trading experience, and supports cross-chain transactions so that users can

INJ currency plays a vital role in the Injective Protocol ecosystem, with the following Function:

• Pay transaction fees: Users need to use INJ coins to pay transaction fees on Injective Protocol.
• Mortgage and pledge: INJ coin holders can obtain rewards by pledging INJ coins and participate in platform governance.
• Governance Token: INJ coin holders can vote on the future development of Injective Protocol.

The operating principle of INJ coin is based on the decentralized architecture of Injective Protocol. Injective Protocol uses the Tendermint consensus mechanism to ensure the security of the network and prevent double-spending issues. In addition, Injective Protocol also integrates the Ethereum Virtual Machine (EVM), which allows developers to write smart contracts on the platform. Through these technical features, INJ Coin is able to play a role in the Injective Protocol ecosystem, providing users with an efficient and secure transaction experience. Injective Protocol's decentralized architecture makes INJ currency liquid and useful throughout the network. The operation of the Tendermint consensus mechanism ensures the stability and security of the network, providing a reliable basis for INJ currency transactions. At the same time, the integration of the Ethereum Virtual Machine provides developers with rich smart contract programming functions, further promoting INJ coins to be traded in an innovative way called "peer-to-peer trading". This approach eliminates dependence on centralized exchanges and allows users to trade directly. This mechanism helps reduce transaction costs and increase transaction speed.

INJ Coin has value because it gives holders access to Injective Protocol’s ecosystem. As Injective Protocol continues to grow, INJ coins are expected to play a more critical role in the field of decentralized finance.

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