Injective's native utility token, or INJ, is a cryptocurrency. Staking on the PoS network, token burn auctions, and other governance functions all need INJ, making it a rare asset. Since 60% of all dApp fees are auctioned off weekly via a buyback and burn mechanism, the burn auctions on Injective are one of a kind. Thus, the availability of INJ might be drastically reduced over time. The INJ burn auction is one of a kind since it contributes to the overall Injective ecosystem's value growth. At this time, Injective's token burn ratio is the highest in the business. Protocol management, decentralized application (dApp) valuation, Proof-of-Stake (PoS) security, staked development, and incentive programs are all areas where INJ might be used.