Buy Injective (INJ)

Follow the steps below to easily and securely buy Injective.

You can securely store your Injective in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Injective. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Injective with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Injective with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Injective through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Injective is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Injective involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Injective, it is important to understand the risks.

Volatility: The price of Injective can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Injective is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Injective through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Injective or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

At Finst, we support several order types to buy Injective: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy Injective instantly at the best available market price.

- Do you want to buy Injective at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Injective. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in Injective without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy Injective with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Injective reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Injective without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

Yes, you can send your Injective to an external wallet. With Finst, you can easily send your Injective to a hardware or a software wallet.

Yes, you can store Injective (INJ) on hardware wallets such as Ledger or Trezor.

Injective is a Layer-1 blockchain built on the Cosmos blockchain. The network is specifically designed for the DeFi sector (decentralized finance applications). Injective offers fast and inexpensive on-chain transactions for decentralized trading and supports DeFi applications. Applications using Injective include decentralized spot and derivatives exchanges, perpetual exchanges, and lending protocols.

Injective is compatible with IBC-enabled blockchains (Cosmos chains), the Ethereum blockchain, and non-EVM chains like Solana.

Injective is built using the Cosmos SDK, a software specifically for projects that want to run on the Cosmos blockchain, and uses a Tendermint proof-of-stake (PoS) consensus mechanism. This system ensures immediate finality of transactions and high performance. Injective is interoperable with blockchains such as Ethereum and Cosmos, meaning you can use Injective on these blockchains.

Injective consists of a decentralized cross-chain bridge structure, allowing it to function as a bridge on the chains it connects to, including Cosmos, Ethereum, and Solana. This means that you can transfer INJ (the native token of Injective) or other tokens to other blockchains via Injective.

The code and learning platform of Injective consists of an advanced on-chain order book and matching engine suitable for spot, perpetual, futures, and options markets. Additionally, Injective offers resistance to Miner-Extractable Value (MEV). MEV is the manipulation of blocks to get the cheapest and fastest transactions.

Smart contracts can also be implemented on Injective. This is done via CosmWasm, a smart contract platform built on Cosmos. Thanks to CosmWasm, smart contracts can be deployed multi-chain through Injective.

How does Tendermint Proof of Stake work on Injective?

Injective uses Tendermint Proof of Stake. This is a Byzantine Fault Tolerant (BFT) consensus mechanism applied within the Cosmos ecosystem. Transactions are validated and the network is secured via Proof of Stake. It works as follows:

1. Validators and staking: Validators secure the network. This happens with Tendermint PoS through a set of selected validators. Delegators choose validators to stake their INJ tokens. In return, they earn passive income. Validators with the most staked INJ tokens have the highest chance of processing transactions and adding new blocks to the blockchain.
2. Adding new blocks: The process of adding a new block to the blockchain starts with selecting a validator. Based on staked tokens, a validator is chosen by the system as the 'proposer'. This validator can propose a new block to add. Then, there is a pre-vote phase where other validators can accept the proposed block. When 66% or more validators accept the proposal, the decision becomes final. Finally, during the finalization phase, the block is added and the process begins again. This whole process takes just a few seconds.
3. Security and transaction finality: When a new block is added, all transactions within it are immediately finalized without requiring additional confirmations. This makes Injective very fast and capable of processing around 10,000 transactions per second (TPS). As for security: the system continuously monitors malicious validators. As long as more than 66% remain honest, blocks are added without interruption. This means the system tolerates up to 33% malicious validators. If the system detects a malicious validator, they are penalized by having part of their stake burned.

Injective was founded in 2018 by Eric Chen and Albert Chon. They co-founded Injective Labs, a development team that worked on the development of the Injective Protocol. Eric Chen is the CEO with a background in blockchain investments, while Albert Chon serves as the CTO and has experience in software development and blockchain technology. The founders aim to provide a scalable, efficient, and fast decentralized platform for financial markets and trading in the DeFi sector.

INJ is the native token of the Injective protocol. The INJ token plays an important role within the Injective ecosystem. Here are the main functions of INJ:

1. Staking: INJ holders can delegate their tokens to validators. This is called staking and involves locking tokens in a validation pool. Staking tokens helps secure the network. In return, stakers earn rewards paid out in INJ tokens.
2. Governance: The Injective protocol also has a governance function. Users who have staked their tokens can vote on important network updates. An additional benefit of staking and governance is that you actively participate in the network, which makes you eligible for airdrops from future projects.
3. Paying transaction fees: Users of Injective must use INJ tokens to perform transactions on the network, such as trading on DeFi markets and executing smart contracts.
4. Bridging tokens: Injective is interoperable with various blockchains. This means you can easily migrate your INJ tokens to another chain.
5. Providing liquidity with INJ: INJ can be used in liquidity pools on decentralized platforms such as Osmosis. This enables trading in INJ trading pairs and allows you to earn rewards. As a liquidity provider, you often earn tokens in the form of INJ.

Overall, INJ is a versatile token within the Injective ecosystem, enabling active participation in the network.