inj coin issuance price

INJ coin issuance price is $0.02. INJ coin is the native token of Injective Protocol, a decentralized derivatives trading platform based on Cosmos SDK. It conducted an initial token offering (IDO) through CoinList on June 24, 2021, with a total issuance of 100 million coins.

INJ Coin issuance price

INJ Coin issuance price is 0.02 USD.

Background:

INJ coin is the native token of Injective Protocol, a decentralized derivatives trading platform based on the Cosmos SDK.

Issuance details:

• Total circulation: 100 million INJ
• Issuance time: June 24, 2021
• Issuance method: Initial Token Offering (IDO)
• IDO Platform: CoinList

Price Change:

INJ Coin The price has fluctuated since its release, peaking at $0.045, but has now fallen back to around $0.02. Price movements are affected by a variety of factors, including market sentiment, platform developments and overall cryptocurrency market conditions.

Uses:

INJ coins have the following uses within the Injective Protocol ecosystem:

• Pay transaction fees
• Stake to receive governance rights and token rewards
• Participate in community voting
• Access exclusive features and products

Influencing factors:

The price of INJ Coin is affected by the following factors:

• Platform Usage: Growth in platform transaction volume and number of users will boost the price.
• Market Demand: The overall demand for derivatives trading will affect the price of the token.
• Competitors: Competition from other decentralized derivatives platforms may drive down prices.
• Regulatory Environment: Changes in government regulations can have a significant impact on prices.

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