#injective $INJ Injective is designed to power a new generation of finance applications, including decentralized exchanges, prediction markets, and lending protocols. Key aspects of the INJ coin include:
Governance: INJ token holders can vote on all aspects of the protocol, including chain upgrades and future developments.
Staking and Security: The network uses a custom Proof-of-Stake (PoS) consensus mechanism, and users can stake their INJ to secure the network and earn rewards. The current staking APR is between 15-20%.
Token Burn Auctions: A unique feature of Injective is its deflationary mechanism. 60% of all fees generated from decentralized applications (dApps) built on the platform are used to buy back and permanently burn INJ tokens in a weekly auction. This mechanism aims to decrease the total supply over time, with over 7 million INJ tokens burned to date.
Developer Incentives: 40% of dApp fees are allocated to incentivize new developers to build on the Injective ecosystem, fostering growth and innovation.
