Today I would like to introduce you to a cryptocurrency in which I have recently invested.
We are talking about Injective Protocol
$INJ (+2,18%) . This may still be relatively unknown to most people here.
My entry price: 15,61€
Current price: 34,38€
Holding period so far: approx. 2 weeks
How did I find out about the project?
By chance, actually. I was browsing through the AI projects on Crypto.com and then got stuck on Injective Protocol and thought it was a really good idea.
What is Injective Protocol?
Injective Protocol is an advanced financial platformthat is based on blockchain technology based on blockchain technology. It is a decentralized platform based on the Ethereum blockchain and enables users to access and trade on various financial markets without being controlled by a central authority.
The main features of the Injective Protocol are:
1. DecentralizationUnlike traditional exchanges, which are controlled by a central organization, Injective is decentralized. Injective is decentralized. This means that no single party has control over the platform, reducing censorship and third party risks.
2. InteroperabilityInjective Protocol enables trading across different blockchains. This gives users access to a wide range of assets, including cryptocurrencies, derivatives and other financial instruments.
3. Speed and low feesBecause it is based on the Ethereum blockchain and uses layer 2 solutions, Injective Injective offers fast transaction speeds and low fees. Here I must note that it is significantly faster and cheaper than Bitcoin or Ethereum. The transaction fees are less than 0.01 dollars. Over 420 million transactions have already been carried out via the blockchain.
4. Access to a variety of marketsUsers can trade on traditional financial instruments such as stocks, commodities and forex as well as cryptocurrencies and derivative products.
5. Creation of own marketsUsers can create their own markets on the platform. This opens up the possibility to create and trade unique financial products.
6. Co-creation by token holdersOwners of INJ tokens, the native currency of the Injective Protocol, can vote on the development and changes to the platform.
7. SecurityAs a blockchain-based platform, Injective benefits from the security features of blockchain technology, including immutability and transparency.
8. Staking: You also have the option of staking the in-house token with a current current interest rate of 15.84%.
9. FurtherThe platform offers many Web3 applications and connections. The platform can also be easily connected via MetaMask and other wallets.
My opinion: From my point of view, this project has great potential and if you look at the rush on X (Twitter) and co., I'm probably not the only one who holds this opinion. I am particularly impressed by the simplicity of the platform, the low costs and the speed. So far, I am not aware of any comparable project. In any case, I will hold on for now and not sell and even buy more if necessary.
I would be interested to hear your opinion.
Important! This is not investment advice!
#crypto
