What the Volan Upgrade means for Investors and INJ community?
Injective, a layer-1 blockchain, recently launched the Volan testnet, one of the greatest upgrades in the history of web3. The Volan upgrade may not make sense to many crypto enthusiasts until they realize the benefits it brings to the Injective ecosystem. This article will focus on the benefits of the Volan Upgrade to investors and community members.
Access to Real world assets
Probably, one of the greatest benefits of the Volan upgrade is that it will enable the Injective ecosystem to access many real world assets. In fact, the upgrade will enable the Injective ecosystem to tokenize many real world assets like fiat currency, treasury bills and exclusive credit products. What this means is that investors will have a broad array of investment assets which are highly demanded on the market.
It is not only the injective blockchain that will have a monopoly to offer such products. Developers can easily build their decentralized applications on the blockchain and offer tokenized real world assets. The list of assets which the dApps can offer is long. As we talk, there are many decentralized applications that exist on the Injective blockchain that offer various products and services. Some of the popular dapps are Wavely (DEX), Black Panther ( DeFi), Helix (DEX), Dagora (NFTFi), and DojoSwap.
Basically, the Volan upgrade will enable the integration of a module for real world assets, which are popularly called RWAs. This module will make it easier for dapps to tokenize real world assets. Currently, the market for real world assets is increasing rapidly and has surpassed a market valuation of $500 million.
When the demand for real world assets that exist on the Injective network increases the value of INJ, Injective’s native token is likely to rise. This should remind you that now is the time to buy INJ and benefit from the generous investment opportunities on the market. For example, you can stake INJ and earn 15% APR. You can offer liquidity at Helix and get a high return.
But the major point here is that the introduction of tokenized RWAs will likely push the price of INJ up. This is because INJ is Injective’s utility token. However, it is also the blockchain’s governance token.
As a side note, INJ is a deflationary token, meaning that its supply will keep on decreasing with the passage of time. This implies that its value is likely to increase with time as its supply decreases. In a related note, the Volan upgrade will introduce a feature that adjusts the crypto’s inflation parameters that supports its deflationary nature and boosts the INJ value. At the same time, Injective has a burn mechanism that helps to reduce the supply of the INJ crypto.
The upgrade will also further enhance the blockchain’s interoperability with other networks. For example, it will maintain compatibility with the Ethereum virtual Machine (EVM) which enables the dapps that exist on Injective blockchain to connect with other protocols that exist on other blockchains like Ethereum. Since this development will reduce entry barriers many developers will build their dapps on the Injective blockchain, which will increase the utility of INJ.
If you look closely at what we have discussed you will note that most of the features the Volan upgrade will introduce will lead to the rise in the demand for the INJ token. Ultimately, this leads to its appreciation. So what’s the take from this discussion? The point is that it is time to be part of the Injective ecosystem. There are many ways to achieve this:
Be part of the ambassador Program: When you become part of this program you will learn about the benefits of be a member of the Injective community. You also stand a chance to earn INJ tokens. Visit Injective Zealy Profile to become one of its ambassadors– Zealy.
Airdrops: When you join the Injective community you stand a chance to participate in its airdrop program.
Invest in Injective: There are several ways to invest in the Injective ecosystem. You can stake INJ, provide liquidity and trade cryptocurrencies.
Conclusion
The Volan upgrade will bring many benefits to the Injective community. It will enable the proliferation of tokenized real world assets. It will further enhance the interoperability of the blockchain. The new features the Volan upgrade will support may increase the demand for the INJ token. As a result, its price will likely appreciate, benefitting many investors.
Community
To learn more about the opportunities available in the Injective network visit any of the following social media platforms and website.
Website: https://injective.com/
Twitter: https://twitter.com/injective
YouTube: https://www.youtube.com/watch?v=c0412ukkGxI
Linktree: http://linktr.ee/injective
