What is INJECTIVE PROTOCOL?

Injective Protocol (INJ) is a decentralized exchange (DEX) protocol built on the Inter-Blockchain Communication (IBC) protocol. It was launched in 2021 with the aim to offer high-performance, trustless trading for various crypto assets, including derivatives, perpetual swaps, and spot markets. On the other hand INJ serves as the native token of the Injective Protocol ecosystem, used for governance, staking and fees.

Binance Simple Earn with $INJ

Binance is currently running a new campaign offering up to 19.9% APR in rewards for Binance users who lock their INJ tokens on the platform.

Take note of the following key details of the campaign:

  • Maximum APR: 19.9%

  • Available lock-in periods: 30 days, 60 days, and 90 days

  • Campaign duration: Limited time only (Always double-check the specific timeframe on the official Binance announcement page to avoid missing out!)

Benefits of Participating:

  • Earn passive income: Generate additional INJ tokens simply by locking your existing holdings.

  • Flexible options: Choose the lock-in period that best suits your needs (30, 60, or 90 days).

  • Support the INJ ecosystem: By locking your tokens, you contribute to potentially increasing demand and supporting the Injective Protocol project.

Things to Consider:

  • Locked funds: During the chosen lock-in period, your INJ tokens will be inaccessible for trading or withdrawal.

  • Volatility: The price of INJ, like any cryptocurrency, is subject to fluctuations. You could potentially lose value even while earning interest.

  • Alternatives: Compare interest rates and terms offered by other platforms before committing.

How to Participate:

  1. Ensure you have INJ tokens in your Binance spot wallet.

  2. Navigate to the "Earn" section on Binance.

  3. Locate the "Locked Products" tab.

  4. Select "INJ" from the list of available options.

  5. Choose your preferred lock-in period and review the corresponding APR.

  6. Confirm the amount of INJ you want to lock and click "Subscribe."

Remember:

  • Conduct your own research and thoroughly understand the risks involved, including locked funds and price volatility.

  • Compare options and choose the platform that best aligns with your needs and risk tolerance.

  • This is not financial advice. Make informed decisions based on your personal circumstances.

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