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BNB What Is Injective?
Injective is a decentralized exchange (DEX) protocol that enables fully decentralized trading without any restrictions. Using the Tendermint consensus algorithm and Proof of Stake (PoS) mechanism, Injective provides a scalable and secure environment for trading various digital assets with high efficiency and low costs.
Is Injective Staking Safe?
For the average user, staking INJ tokens is as safe as simply storing them in your wallet. All transactions, whether in a wallet or staked, are processed by smart contracts and the blockchain without human intervention. Therefore, staking offers the same level of reliability and security as keeping tokens in a wallet.
Why You Need to Stake Injective?
Staking is an integral part of blockchains operating on the PoS protocol. Let’s explore the main reasons users stake INJ:
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Supporting the Injective Blockchain: For the stable and secure operation of the Injective blockchain, transaction validation is required, which is only possible with a large and decentralized volume of staked INJ tokens. This is why many users participate in staking their favorite blockchain’s tokens.
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Investments: Users who invest in tokens for the long term choose staking as an additional income multiplier and protection against inflation. Staking is as reliable and safe as storing tokens in an address while providing good returns.
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Exploring New Features: Many users limit themselves to simple token transfers. However, some want to explore all the blockchain’s possibilities, thus experimenting with swaps and staking.
Storing and Staking INJ
You can store INJ tokens and stake them simultaneously. For example, allocate some tokens for long-term investment and stake them, while keeping a small portion for operational purposes, such as paying transaction fees for INJ tokens or NFTs. You decide how many INJ tokens to stake and can also withdraw tokens from staking.
I Want to Learn More About Staking INJ
We have prepared a special tutorial to help you understand INJ staking - Learn more about staking INJ
