Power Injective and its ecosystem with inj
used for?
PoS
security
INJ is used to secure the Injective L1 blockchain using a proof-of-stake (PoS) mechanism. Validators and delegators can both participate in staking.
Protocol
Fee Value Capture
60% of all fees generated from dApps built on Injective enter an on-chain buy-back-and-burn auction, in which INJ is burned weekly.
Governance
Injective is governed by its community with INJ. Through governance, the Injective community passes proposals concerning chain upgrades, protocol integrations and more.
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Injective is governed by a global community through its native crypto asset, INJ.
INJ enables Web3 community members to participate in various activities such as approving proposals for protocol upgrades, staking for rewards, participating in burn auctions, and more, all within the Injective blockchain network.
