{"id":216,"date":"2025-06-18T15:58:43","date_gmt":"2025-06-18T12:58:43","guid":{"rendered":"https:\/\/global-blog.btcturk.com\/?p=216"},"modified":"2025-07-22T14:55:18","modified_gmt":"2025-07-22T11:55:18","slug":"what-is-injective-inj-how-does-it-work","status":"publish","type":"post","link":"https:\/\/global.btcturk.com\/blog\/cryptocurrency\/what-is-injective-inj-how-does-it-work\/","title":{"rendered":"What is Injective (INJ)? How Does It Work?"},"content":{"rendered":"\n<p>Injective is a Layer 1 blockchain built primarily for applications serving the finance sector. It was developed by Injective Labs, founded by Eric Chen and Albert Chon. Injective\u2019s native token is INJ. This article provides an overview of Injective, how it works, and how to trade it on BtcTurk | Global.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/global.btcturk.com\/blog\/cryptocurrency\/what-is-injective-inj-how-does-it-work\/#What_is_Injective_INJ_How_Does_It_Work\" >What is Injective (INJ)? How Does It Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/global.btcturk.com\/blog\/cryptocurrency\/what-is-injective-inj-how-does-it-work\/#What_is_the_INJ_Coin\" >What is the INJ Coin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/global.btcturk.com\/blog\/cryptocurrency\/what-is-injective-inj-how-does-it-work\/#How_Does_the_Injective_Coin_Work\" >How Does the Injective Coin Work?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/global.btcturk.com\/blog\/cryptocurrency\/what-is-injective-inj-how-does-it-work\/#How_to_Store_Injective_INJ\" >How to Store Injective (INJ)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/global.btcturk.com\/blog\/cryptocurrency\/what-is-injective-inj-how-does-it-work\/#How_to_Buy_and_Sell_Injective_INJ\" >How to Buy and Sell Injective (INJ)?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Injective_INJ_How_Does_It_Work\"><\/span>What is Injective (INJ)? How Does It Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The INJ coin project is a Layer 1 blockchain focused on serving financial applications. Injective is governed by INJ token holders. Developers can create decentralized applications on the Injective blockchain.<\/p>\n\n\n\n<p>The Injective blockchain, which operates using the Proof of Stake (PoS) consensus algorithm, is notable for its ability to synchronize assets and smart contracts across multiple blockchains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_INJ_Coin\"><\/span>What is the INJ Coin?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Injective\u2019s native token is INJ, which operates on the Ethereum blockchain in compliance with the ERC-20 token standard.<\/p>\n\n\n\n<p>The total supply of INJ is limited to 100,000,000 tokens.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Does_the_Injective_Coin_Work\"><\/span>How Does the Injective Coin Work?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sixty percent of the weekly commission fees generated from transactions on applications running on the Injective blockchain are used to buy back and burn INJ tokens from the market.<\/p>\n\n\n\n<p>The INJ token is used to pay transaction fees on the Injective blockchain, vote on governance decisions, and stake to help secure the network. Because it is used for voting, INJ also serves as a governance token.<\/p>\n\n\n\n<p><strong>Key Facts About Injective (INJ)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Injective was developed by Injective Labs, a company founded in 2018 in the United States.<\/li>\n\n\n\n<li>Among the company\u2019s founders are Eric Chen and Albert Chon.<\/li>\n\n\n\n<li>Injective is a decentralized trading platform.<\/li>\n\n\n\n<li>The total supply of INJ coins is capped at 100,000,000 tokens.<\/li>\n\n\n\n<li>You can visit Injective\u2019s website at https:\/\/injective.com\/. For detailed technical information, visit <a href=\"https:\/\/docs.injective.network\/\">https:\/\/docs.injective.network\/<\/a>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Store_Injective_INJ\"><\/span>How to Store Injective (INJ)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NJ is an ERC-20 token. You can manage your INJ balances using desktop, mobile, and hardware wallets that support ERC-20 Ethereum-based assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Buy_and_Sell_Injective_INJ\"><\/span>How to Buy and Sell Injective (INJ)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can buy and sell Injective (INJ) with Tether (USDT) using the BtcTurk | Global website or mobile app. If you\u2019re not yet a member, you can easily register on our website or app and buy Injective (INJ) by depositing cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Injective is a Layer 1 blockchain built primarily [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[16,25,172,173,174],"class_list":["post-216","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","tag-cryptocurrencies","tag-cryptocurrency","tag-inj","tag-injective","tag-what-is-inj"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is Injective (INJ)? 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