Injective Protocol Research Hub | INJ information, history and analysis

The Injective Protocol is a bold project that aims to make currency exchanges completely decentralized, publicly operated, and easily accessible to all. Injective Protocol, which overcomes the shortcomings of CEX exchanges while leveraging the power of decentralization, enables users to transact quickly and conveniently at a low cost while ensuring safety.

Binance and Pantera Capital, two of the world’s most prominent venture capital firms, have expressed strong support for Injective Protocol. Injective Chain, Injective Exchange, and Injective Future are the project’s three main products.

INJ is a utility token in the Injective Protocol ecosystem that operates on the Ethereum platform in accordance with ERC20 standards and can be used for the following purposes:

• Having the authority to make changes to the Injective Chain (sidechain of the Injective Protocol), such as the derivatives trading system, transaction parameters, and protocol upgrades, via the DAO structure.
• Pay the transaction fee, which will be burned to accumulate value for INJ.
• Derivative transaction guarantee
• Encourage network members to be active and participate in Liquidity Mining-based exchanges.