The Injective Protocol (INJ) crypto asset will be listed on Indodax this week. INJ is one of the crypto assets residing on the Ethereum network, ERC20.
Description of the Crypto Asset Injective Protocol (INJ)
Injective Protocol is a blockchain project that has a revolutionary idea. It aims to make a fully decentralized currency exchange or a publicly operated network.
That is, the exchange is only operated by people who hold INJ tokens. There is no centralized governing body that imposes control over project development. The Injective Protocol project was officially launched through a public offering in 2020.
Injective Chain is the blockchain foundation of this project. It hosts a fully decentralized order book and uses elements of the Ethereum Virtual Machine (EVM). The platform also incorporates a bidirectional token bridge, connecting it to the Ethereum ecosystem.
The token that moves on its network is INJ.
The Uniqueness of the Crypto Asset Injective Protocol (INJ)
The Injective Protocol is a noteworthy project as it aims to solve problems in the financial world. Especially by using the decentralized nature of blockchain technology.
INJ allows investors to participate in truly decentralized financial organizations (DeFi). INJ has the power to make change happen and introduce new ideas.
The Injective Chain blockchain is available for anyone to use, which makes it truly decentralized. The Injective Protocol offers everyone the same level of influence and power.
Meanwhile, the Injection Protocol is still operating on a proven method of making money. The project also introduces a revolutionary technology to decentralize the world of exchange and commerce,
Makers and takers pay transaction fees at INJ, which allows the platform to continue to work in a decentralized manner.
Crypto Injective Protocol (INJ) Asset Supply
The total supply of Injective Protocol (INJ) tokens is 100,000,000. Currently, there are around 15,406,012 INJ tokens circulating in the market. According to the INJ Whitepaper, there is a required inflation set to 7% at the launch of the INJ token.
So that nodes are incentivized to validate transactions on the blockchain. This inflation rate will gradually decrease over time and reach 2%.
The way INJ tokens are distributed is based on an aggregate profit and loss. In essence, the more INJ tokens held, the more will be received when redistribution occurs. Because the wallet or wallet has a more significant weight value. This ensures the decentralized nature of the exchange.
Crypto Injective Protocol Asset Security
The Injective Protocol blockchain operates on a Proof-of-Stake (PoS) consensus mechanism. This is one of the more prominent similarities that INJ has with the Ethereum blockchain. To use the Ethereum Virtual Machine mechanism, INJ relies on PoS for security.
Proof-of-stake is an alternative consensus to the popular Proof-of-Work (PoW) consensus used by Bitcoin. PoS has many advantages in terms of power input required for mining, scalability and usability.
Consensus also plays an important role in ensuring a decentralized way of operation for the entire network.
How to Buy Crypto Injective Protocol (INJ) Assets at Indodax
Well, this week, the Injective Protocol (INJ) crypto asset will be listed on Indodax, namely open deposit on July 28, 2021 at 14:00 WIB and open trading on July 29, 2021 at 14:00 WIB.
Here’s how to buy it:
- For those of you who are not yet a member, click the link here.
- After that, make a deposit. For those of you who are confused about how to deposit, if you click this link
- After your deposit and balance come in, you can return to the market.
- Search INJ. Then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy INJ. Or you can also buy it instantly or directly.
- After that, you need to patiently wait for the price to increase for some time.
- After the price increases, you can sell it at a higher price with the instant method.
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
