inj coin issuance time

INJ coin will be issued on June 29, 2021. Details of the issuance include: 9 billion issuances, with an initial circulation of 150 million. The issuance methods include private sales, strategic rounds, community incentives, teams and consultants, and future development funds. The uses include platform fee payment, governance, mortgage and pledge rewards.

INJ Coin Release Time

The INJ (Injective Protocol) coin was issued on June 29, 2021.

Issuance details:

• Issuance volume: 9 billion INJ
• Initial circulation: 150 million INJ (accounting for about 1.7% of the issuance)

• Issuance method:

  • Private sale: 30%
  • Strategy Round: 10%
  • Community Incentives: 30%
  • Team and Advisors : 15%
  • Future Development Fund: 15%

Purpose:

INJ coins have the following functions in the Injective Protocol ecosystem:

• Platform fee payment: It is used to pay transaction fees and protocol operation costs.
• Governance: INJ holders can participate in the governance of the protocol and vote on the future development of the protocol.
• Staking: INJ can be staked to earn rewards and increase traders’ leverage.
• Staking Rewards: INJ holders can earn rewards by staking INJ, including new INJ tokens and a portion of transaction fees.

Historical Price Performance:

INJ’s price has experienced significant price fluctuations since its issuance. The highest point was in November 2021, when the price reached $34. The lowest point occurred in June 2022, when the price fell below $1. As of this writing (February 2023), INJ’s price is around $3.

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