INJ Staking: Easy Steps to Earn Income Through Injective Staking

Bittime - Want to earn extra income from owning Injective tokens (INJ)? Staking is the solution! Staking INJ allows you to lock INJ tokens for a certain period of time and earn rewards in the form of additional INJ tokens. By staking, you contribute to the security and decentralization of the Injective network.

Getting to know Injective (INJ)

Injective is an open and interoperable layer-1 blockchain built for financial applications. It provides a powerful smart contracts platform tailored for DeFi developers to quickly build and launch dApps for widespread use. 

Injective uniquely provides traditional financial infrastructure, such as order book modules, on-chain, and is highly interoperable with leading layer 1s, including Ethereum and Cosmos.

Injective is built using the Cosmos SDK and leverages Tendermint's proof-of-stake consensus for secure transactions with instant finality.

Some of the leading ecosystem players in Injective:

• Helix, the premier on-chain order book exchange for derivatives trading
• Frontrunner, the first decentralized sports prediction market with zero gas fees
• White Whale, an interchain lending protocol

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Things Required for INJ Staking

• Compatible Crypto Wallet: You need a crypto wallet integrated with the Injective network to stake INJ. Some popular wallets include MetaMask, Ledger, Cosmostation, Leap, Keplr, Torus, and Trezor.
• INJ Token: Of course you need to have INJ tokens to be able to stake.

INJ Staking Steps

1. Access Injective Hub: Visit https://hub.injective.network/ and click "Connect" in the top right corner. Connect your compatible crypto wallet with Injective.
2. Select Validator: Once connected, you will see a list of available validators. Validators are parties who run nodes on the Injective network and secure their transactions. Choose a validator that is trustworthy and offers a reward percentage (APY) that is attractive to you. [Recommended to do research on validators before choosing]
3. Delegate your INJ: Click the "Delegate Now" button on the validator of your choice. Enter the amount of INJ tokens you wish to stake and confirm the transaction via your crypto wallet.

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INJ Staking Benefits

• Passive Income: Earn additional INJ token rewards periodically without the need for active trading.
• Supporting the Network: Staking helps strengthen the security and decentralization of the Injective network. The more tokens that are staked, the more secure the Injective network is.
• Lagging Liquidity: Even though your tokens are locked for a certain period of time, you retain full ownership of them. You can view your staking history and withdraw (unstake) your INJ tokens at any time (depending on validator policy).

Things to note

• APY (Annual Percentage Yield): The profit you receive will vary depending on the validator you choose. The higher the APY, the greater your earning potential, however validators with high APY may have their own risks.
• Lockup Period: Some validators may implement a lockup period where your tokens will be locked for a certain period of time before they can be withdrawn. Make sure you understand the validator terms before staking.

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Conclusion

INJ staking is an exciting way to earn additional income from your INJ token holdings and contribute to the growth of the Injective network. However, it is important to understand the risks involved and conduct research on validators before starting staking.

How to Buy Injective (INJ) on Bittime

You can buy and sell Injective (INJ) in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Injective (INJ) is available on Bittime with  the market pair INJ/IDR . To be able to buy INJ IDR at  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Injective (INJ) on Bittime . 

Monitor the  price chart movements of Injective (INJ)  ,  Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Injective Price Prediction (INJ) in 2024

Complete Guide on How to Tokenize Real World Assets (RWA) in 2024

Ethereum Dencun Upgrade: Here's What You Need to Know!

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.