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Which country issued INJ coin?
Injective Protocol (INJ), the native token of the Singapore-born DeFi ecosystem, facilitates cross-chain transactions, DEX trading, staking, and governance participation.
Nov 12, 2024 at 07:18 am
Injective Protocol (INJ), a decentralized finance (DeFi) ecosystem, was founded by a Singaporean startup. INJ is the native token of the Injective Protocol.
Country of Origin:Singapore:- Injective Protocol was founded in Singapore in 2018 by ecosystem Co-Founders and CTO Alberto Cutillo and Head of Protocol Development Santiago Roel Santos.
- Headquartered in Singapore, Injective Protocol benefits from the pro-blockchain regulatory landscape and thriving innovation hub in the city-state.
- The team behind Injective Protocol has a strong track record in the blockchain industry and is well-connected within the global DeFi ecosystem.
- Injective Protocol has received funding from notable venture capital firms and crypto exchanges, including Binance, Pantera Capital, and Coinbase Ventures.
- Injective Chain: INJ is the native token of the Injective Chain, a high-performance blockchain specifically designed for DeFi applications.
- Decentralized Exchange (DEX): INJ is used as the transaction fee token on the Injective DEX, enabling users to trade various cryptocurrencies without intermediaries.
- Cross-Chain Bridge: INJ facilitates cross-chain transactions between Injective Chain and other blockchains, expanding the accessibility of DeFi to a wider range of assets and users.
- Staking: INJ holders can stake their tokens on the Injective Chain to earn rewards and support the network's security.
- Governance: INJ token holders have voting rights on the governance of the Injective Protocol, shaping the future direction of the ecosystem.
- Trading Fees: Using INJ to pay trading fees on the Injective DEX provides discounts and enables users to participate in governance.
- Staking Rewards: INJ holders who stake their tokens can earn passive income and contribute to the security of the network.
- Governance Rights: As a governance token, INJ empowers holders to influence the development of the Injective Protocol.
- Ecosystem Expansion: The Injective Protocol team aims to expand the ecosystem around INJ by integrating with other DeFi protocols and applications.
- Decentralization: INJ supports the decentralization of the Injective Protocol and the broader DeFi industry.
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