How to buy Injective
INJ
INJ is the governance token of the Injective blockchain, a layer-1 network which markets itself as the blockchain built for finance. Injective boasts unique features such as an on-chain order book that supports spot, futures, and derivatives trading, that aim to attract those who would build financial dApps.1 Injective was built using the Cosmos SDK, and consequently uses the Tendermint proof-of-stake consensus mechanism.2 Injective values interoperability, enabling communication with other chains that employ the Inter-Blockchain Communication (IBC) protocol through Wormhole (a protocol developed through the Cosmos SDK).3 Injective is available as the native asset of the Injective blockchain, or as an ERC20 token. They are interconvertable via the Injective Hub, but the ERC20 token must be converted to native for staking. The current offering of INJ at Coinsquare is the ERC20 token only.
Injective Protocol is a blockchain platform specifically designed for financial applications. It’s an open and interoperable foundational blockchain that enables the development of advanced DeFi applications. This includes decentralized platforms for both spot and derivatives trading, as well as prediction markets and lending protocols. The platform’s focus is on leveraging blockchain technology to create accessible, efficient, and transparent financial services, encompassing a wide array of financial instruments and tools.
Injective (INJ)
All prices are in USD.
How to buy Injective
INJ
INJ is the governance token of the Injective blockchain, a layer-1 network which markets itself as the blockchain built for finance. Injective boasts unique features such as an on-chain order book that supports spot, futures, and derivatives trading, that aim to attract those who would build financial dApps.1 Injective was built using the Cosmos SDK, and consequently uses the Tendermint proof-of-stake consensus mechanism.2 Injective values interoperability, enabling communication with other chains that employ the Inter-Blockchain Communication (IBC) protocol through Wormhole (a protocol developed through the Cosmos SDK).3 Injective is available as the native asset of the Injective blockchain, or as an ERC20 token. They are interconvertable via the Injective Hub, but the ERC20 token must be converted to native for staking. The current offering of INJ at Coinsquare is the ERC20 token only.
Here’s how to buy Injective on Coinsquare
Buying Injective is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Injective, which trades as INJ. Based on when you think you can get a good INJ price, you should be able to trade INJ to CAD.
To buy Injective, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying INJ. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select INJ from the list on the trade section
Coinsquare lets you trade INJ without leaving the app. You can also check the Injective stock price and convert INJ to CAD on the platform.
Select a currency you’ve funded and use it to check the INJ price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy INJ
Congratulations! You’re now the proud owner of INJ. You can either HODL or use it to exchange INJ to CAD. To the moon!
Injective Protocol is a blockchain platform specifically designed for financial applications. It’s an open and interoperable foundational blockchain that enables the development of advanced DeFi applications. This includes decentralized platforms for both spot and derivatives trading, as well as prediction markets and lending protocols. The platform’s focus is on leveraging blockchain technology to create accessible, efficient, and transparent financial services, encompassing a wide array of financial instruments and tools.
Where do I keep my INJ?
Ready to add INJ to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.
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