## What is Injective (INJ)?
**Injective (INJ)** is the native utility and governance token of the **Injective Protocol**, a decentralized Layer 1 blockchain optimized for decentralized finance (DeFi) applications. Injective enables fast, interoperable, cross-chain trading and empowers users to trade on decentralized exchanges (DEXs) with advanced functionalities such as spot, perpetual, and futures trading.

## What Problem Does Injective (INJ) Solve?
Injective addresses:
- **Limitations of Decentralized Trading**: Traditional decentralized exchanges face issues with speed, scalability, and interoperability. Injective solves this by offering a high-speed, scalable blockchain optimized for DeFi.
- **High Transaction Fees**: By leveraging a custom Layer 1 blockchain, Injective significantly reduces transaction costs, providing cheaper and more efficient liquidity usage.
- **Access to Complex Financial Instruments**: Injective enables users to trade advanced financial instruments like perpetual swaps and options, typically unavailable on most decentralized platforms.

## Why Does the Crypto Market Need Injective (INJ)?
The crypto market benefits from Injective by:
- **Facilitating Advanced Trading**: Injective brings decentralized trading of complex instruments such as perpetual swaps, futures, and options to DeFi.
- **Cross-Chain Capabilities**: Injective enables cross-chain trading by allowing assets from various blockchains to be traded and staked, promoting interoperability across ecosystems.
- **Lower Fees and Scalability**: Injective offers more cost-effective and scalable trading solutions compared to Ethereum-based DEXs, making it more appealing to DeFi users.

## History & Achievements
Injective Protocol was launched in 2020 by **Eric Chen** and **Albert Chon**. It has since integrated with major blockchains like Ethereum and Cosmos, enabling cross-chain decentralized trading. Injective has secured funding from notable investors, including **Binance Labs** and **Pantera Capital**, and is recognized for its advanced DeFi functionalities.

## Who Created Injective (INJ)?
Injective was co-founded by:
- **Eric Chen**: Co-founder and CEO, with a background in blockchain finance.
- **Albert Chon**: Co-founder and CTO, an experienced engineer in decentralized systems.
Their vision was to create a decentralized, high-performance trading protocol that merges traditional finance with DeFi.

## What Technology Does Injective (INJ) Use and How Does it Work?
Injective utilizes:
- **Layer 1 Blockchain**: Injective operates as a decentralized Layer 1 blockchain designed for DeFi applications.
- **Tendermint Consensus**: The network uses a Proof of Stake (PoS) consensus mechanism built on **Tendermint**, ensuring fast, scalable, and secure transaction processing.
- **Cross-Chain Interoperability**: Injective integrates with Ethereum, Cosmos, and other blockchains, allowing for cross-chain trading and asset transfers.

## What Affects Injective (INJ) Price?
Factors that influence INJ’s price include:
- **DeFi Adoption**: Growth in DeFi usage and trading increases demand for Injective’s platform and INJ tokens.
- **Liquidity and Volume**: High liquidity and trading volume on Injective contribute to increased token utility and demand.
- **Partnerships and Network Upgrades**: New partnerships, integrations, and technological improvements positively impact Injective's ecosystem, boosting its value.

## How Many Injective (INJ) Tokens Are in Circulation?
The circulating supply of INJ is **97,727,222** tokens.

## What is the Maximum Supply of Injective (INJ)?
The total supply of INJ tokens is capped at **100,000,000**, with no additional minting planned, ensuring a fixed supply.

## What is Injective (INJ) Utility?
INJ tokens are used for:
- **Governance**: INJ holders can vote on protocol upgrades and governance proposals, shaping the future of the Injective network.
- **Staking**: INJ tokens are staked by validators to secure the network and process transactions, with rewards distributed to stakers.
- **Transaction Fees**: INJ is used to pay for transaction fees on the Injective network.
- **Collateral for Derivatives**: INJ tokens can be used as collateral for trading financial derivatives like perpetual swaps and futures.

## Tokenomics of Injective (INJ)
Injective tokenomics include:
- **Deflationary Mechanism**: A portion of transaction fees is burned, reducing the total supply of INJ over time, creating deflationary pressure.
- **Staking Rewards**: INJ tokens are distributed to validators and stakers as rewards for securing the network.

## What is the All-Time High and All-Time Low for Injective (INJ)?
- **All-Time High**: $52.62 on March 14, 2024
- **All-Time Low**: $0.6574 on November 3, 2020

## Where to Buy Injective (INJ)?
INJ tokens can be purchased on various cryptocurrency exchanges, including:
- **Binance**
- **Coinbase**
- **KuCoin**
- **Kraken**

## Who Invested in Injective (INJ) at an Early Stage?
Injective attracted early-stage investments from prominent firms, including:
- **Binance Labs**
- **Pantera Capital**
- **Mark Cuban**
These investors supported Injective due to its innovative approach to decentralized trading and DeFi.

## What Are the Revenue Streams of Injective (INJ)?
Injective generates revenue through:
- **Transaction Fees**: Fees collected from trading and transactions on the Injective Protocol.
- **Staking Rewards**: Validators and stakers earn rewards for securing the network and participating in consensus activities.