What is Injective (INJ)? How does it work?

Injective is a decentralised trading platform developed by Injective Labs. The company’s founders include Eric Chen and Albert Chon. Injective’s native token is INJ. If you have questions like: what is Injective (INJ), how does Injective (INJ) work, how do you buy Injective (INJ) or how do you trade INJ/TRY and INJ/USDT trading pairs, you will find the answers in this article.

This article will cover the following:
What is Injective (INJ)?
How does Injective (INJ) work?
How do you store Injective (INJ)?
How do you buy and sell Injective (INJ)?

What is Injective (INJ)? How does it work?

Injective is a decentralised trading platform. It is governed by INJ token holders. Injective allows users to create decentralised applications on the network.

Injective’s native token is INJ — an ERC-20 based token that operates on the Ethereum blockchain. The INJ token is used for trading transactions on the platform and for paying transaction fees. INJ is also used in the governance of the Injective network. Users who hold INJ tokens can stake their assets on the network.

INJ’s total supply is limited to 100,000,000 units.

Injective was developed by Injective Labs, a company established in the United States in 2018. The company’s founders include Eric Chen and Albert Chon.

How do you store Injective (INJ)?

INJ is an ERC-20 based token. You can manage your INJ balances using desktop, mobile or hardware wallets that support ERC-20 based Ethereum assets.

How do you buy and sell Injective (INJ)?

You can use the BtcTurk | PRO mobile app or website to buy and sell Injective (INJ) with Turkish lira or Tether. If you are not a member of BtcTurk yet, you can become a member quickly on our website or mobile app. You can start trading Injective (INJ) by depositing Turkish lira 24/7 via one of our seven partner banks.