Injective (INJ) Tokenomics
Injective (INJ) Information
Injective’s mission is to create a truly free and inclusive financial system through decentralization. With the fastest blockchain built for finance and plug-and-play Web3 modules, Injective’s ecosystem is reshaping a broken financial system with dApps that are highly interoperable, scalable and truly decentralized.
Injective (INJ) Tokenomics & Price Analysis
Explore key tokenomics and price data for Injective (INJ), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
In-Depth Token Structure of Injective (INJ)
Dive deeper into how INJ tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Injective Protocol’s token economics are designed to balance growth incentives, robust network security, and long-term value accrual. Below is a comprehensive breakdown of the INJ token’s issuance, allocation, usage, incentive, locking, and unlocking mechanisms, with a detailed table for allocations and unlocks.
Issuance Mechanism
- Genesis Supply: The initial total supply was set at 100 million INJ tokens.
- Inflation/Deflation: The supply is dynamically managed through inflation (minting) and deflation (burning). The inflation rate is determined by the staking ratio, ranging from 5% to 10% based on a target staking rate of 85%. As staking increases, inflation can decrease to near zero, making INJ increasingly deflationary over time.
- Burn Mechanism: 60% of protocol fees are used in weekly auctions where users bid with INJ; the winning INJ bid is burned, reducing supply.
Allocation Mechanism
The initial allocation of INJ tokens is as follows:
| Allocation Category | % of Total Supply | Unlock Mechanism / Schedule |
|---|---|---|
| Ecosystem Development | 36% | Multiple instant unlocks |
| Team | 20% | Instant unlocks in tranches |
| Private Sale | 17% | Instant unlocks in tranches |
| Community Growth | 10% | Monthly unlocks over 12 months |
| Binance Launchpad | 9% | Instant unlock |
| Seed Sale | 6% | Instant unlocks in tranches |
| Advisors | 2% | Instant unlocks in tranches |
Unlock Table (Sample):
| Recipient | Start Date | Unlock Granularity | Amount Unlocked | Unique Unlock Periods |
|---|---|---|---|---|
| Binance Launchpad | 2020-10-20 | instant | 9,000,000 | 1 |
| Ecosystem Development | 2020-10-20 | instant | 6,220,000 | 1 |
| Community Growth | 2020-11-20 | monthly | 10,000,000 | 12 |
| Private Sale | 2021-04-20 | instant | 5,556,666.67 | 1 |
| Team | 2021-07-20 | instant | 3,333,333.33 | 1 |
| Advisors | 2021-07-20 | instant | 333,333.33 | 1 |
| ... | ... | ... | ... | ... |
Note: The full unlock schedule includes multiple tranches for each category, with most allocations unlocking instantly at various dates, except for Community Growth, which unlocks monthly over a year.
Usage and Incentive Mechanisms
- Staking & Security: INJ is used for staking in a Delegated Proof-of-Stake (DPoS) system. Validators and delegators secure the network and earn inflationary rewards. There is a 21-day unbonding period for unstaking.
- Governance: INJ holders can propose and vote on governance decisions. A minimum of 500 INJ is required to submit a proposal.
- Fee Payment: INJ is used to pay transaction (gas) fees across the Injective ecosystem.
- Medium of Exchange: Used for trading, buying NFTs, and as collateral in derivatives markets.
- Liquidity Incentives: Programs like Trade & Earn and the Open Liquidity Program (OLP) distribute INJ rewards to traders and liquidity providers. For example, 7 million INJ were allocated to Trade & Earn, and OLP distributes tokens in 28-day epochs.
- Buyback and Burn: 60% of protocol fees are used to buy back and burn INJ, directly reducing supply and incentivizing holding.
Locking and Unlocking Mechanisms
- Staking Lock: Tokens staked for network security are locked and subject to a 21-day unbonding period.
- Vesting/Unlocks: Most allocations (team, advisors, private sale, seed sale, ecosystem development) are unlocked instantly in tranches, while Community Growth is unlocked monthly over 12 months.
- Trade & Earn Staking Requirement: To earn more than 100 INJ in Trade & Earn rewards, users must stake an equivalent amount of INJ, incentivizing long-term holding and network participation.
Summary Table: Allocation and Unlocks
| Allocation Category | Unlock Start Date | Unlock Granularity | Amount Unlocked | Unique Unlock Periods |
|---|---|---|---|---|
| Binance Launchpad | 2020-10-20 | instant | 9,000,000 | 1 |
| Ecosystem Development | 2020-10-20 | instant | 6,220,000 | 1 |
| Community Growth | 2020-11-20 | monthly | 10,000,000 | 12 |
| Private Sale | 2021-04-20 | instant | 5,556,666.67 | 1 |
| Team | 2021-07-20 | instant | 3,333,333.33 | 1 |
| Advisors | 2021-07-20 | instant | 333,333.33 | 1 |
| ... | ... | ... | ... | ... |
Additional Notes
- Migration: INJ was initially launched as an ERC-20 token; users can migrate ERC-20 INJ to native INJ via the Injective Bridge.
- Deflationary Dynamics: The combination of staking, buyback-and-burn, and dynamic inflation parameters is designed to make INJ increasingly deflationary as the network matures.
- Ecosystem Focus: The largest allocation is for ecosystem development, highlighting a strong focus on long-term growth and adoption.
Injective’s tokenomics are engineered to reward active participation, ensure robust network security, and drive long-term value through a combination of inflationary rewards, deflationary burns, and targeted incentive programs.
Injective (INJ) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Injective (INJ) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of INJ tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many INJ tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand INJ's tokenomics, explore INJ token's live price!
How to Buy INJ
Interested in adding Injective (INJ) to your portfolio? MEXC supports various methods to buy INJ, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
Injective (INJ) Price History
Analyzing the price history of INJ helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
INJ Price Prediction
Want to know where INJ might be heading? Our INJ price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
Buy Injective (INJ)
Amount
1 INJ = 12.65 USD