#injective $INJ @Injective

INJ is not just a “normal” token: it has various utilities within the Injective protocol:

1. Staking / Security

• INJ can be delegated to validators to secure the network.

• Validators receive rewards for their participation.

2. Governance

• INJ allows voting on proposals to change parameters of the protocol.

• To submit a proposal, a deposit in INJ is required. If the proposal does not succeed, that deposit is burned.

3. Means of payment

• It is used to pay transaction fees (“gas”) within the Injective network.

• It is also used to pay commissions on the Injective DEX.

4. Deflationary mechanism

• A portion of the trading fees is used in auctions to buy back INJ and burn them (“buy-back-and-burn”).

• This reduces the supply of INJ over time, theoretically helping the value if demand is high.

5. Collateral in derivatives

• INJ can be used as collateral to trade in derivative markets within the Injective ecosystem.