What are Injective and INJ?
Injective is an interoperable Layer-1 blockchain built for Web3 finance applications. In simple terms, it’s designed for decentralized finance (DeFi), including exchange and derivatives-related applications, rather than only being a general-purpose blockchain.
INJ is the native asset of the Injective ecosystem. It powers Injective, and INJ holders can use it in governance for key parts of the Injective Chain, such as protocol upgrades and exchange parameters.
How to invest in Injective in the US
In the Crypto.com App, the basic flow is:
- Sign up and verify your identity.
- Top up your account.
- Go to the trading screen, select Injective and complete your investment after checking the details.
After you invest, you can manage your Injective in the App wallet.
How can you pay for Injective?
You can fund your account and invest in Injective in the App with bank transfers (ACH or wire), debit or credit cards, Apple Pay, Google Pay, PayPal or by depositing crypto from another wallet.
If you deposit crypto, use the deposit details shown in the App. Make sure the token is supported and you’re sending it to the correct address. Crypto transactions are irreversible, and sending a non-supported token may result in loss.
What is the minimum to invest in Injective?
The minimum required to invest in Injective on Crypto.com is US$1. You can buy a small fraction of Injective, so you don’t need to buy a whole token in one transaction.