#injective $INJ INJ token is the core utility and governance token of Injective, a Layer-1 blockchain designed for DeFi (Decentralized Finance).

• Governance: INJ holders can vote on key decisions such as protocol upgrades and parameter adjustments.

• Network Security and Staking: Used for staking under the PoS mechanism to ensure network security and receive rewards.

• Deflationary Mechanism: 60% of transaction fees will be used for weekly buy-back and burn auctions, aimed at reducing the total supply of tokens and creating a deflationary effect.

• Collateral and Fees: Used to pay for network transaction fees and serve as collateral in the derivatives market.

INJ closely ties the token value to the growth of the entire Injective DeFi ecosystem through governance, security, and deflationary mechanisms. @Injective