On occasion, it may be tempting to switch the cryptocurrency you use to bet online. If you’ve given a thought to swapping from one of the mainstream options to something notably smaller, you may consider choosing Injective. Should this emerging cryptocurrency be given a run for its money, though, and is it ideal for betting on casino games online? Join BTCGOSU as we reveal everything you need to know about Injective on this page.
Injective (INJ)
Many cryptocurrencies aren’t content solely being a unit of currency. Lots of the newer options out there have had to find other ways of offering utility to compete in an overcrowded marketplace. That’s where we find Injective. This cryptocurrency is designed to connect the largest blockchains, allowing decentralized financial operations across several networks and chains, simplifying things for users. Its primary targets are Cosmos, Ethereum, Polygon, and Solana. Of course, while that’s great if you use those options or are interested in tech – what if you just want to bet on casino games?
The blockchain aims to build up finance and is notable for its Web3 applications. It is also one of the fastest layer-one blockchains around, and its ecosystem is praised by those seeking greater interoperability between networks. As with many multi-utility tokens, though, Injective is, perhaps, overkill for betting online. While it is designed to cater to multiple purposes, gambling doesn’t appear to be one of them. That won’t stop you from being able to use it for betting if you want, too, but it doesn’t make it as ideal as it first sounds. Allow us to explain below.
There are crypto casinos out there that are prepared to offer you the option of gambling with Injective. However, we should stress again that this isn’t the primary purpose of this cryptocurrency. Therefore, you should expect nothing more than being able to deposit (and possibly withdraw) using INJ (the coin associated with the cryptocurrency). You certainly shouldn’t expect to see bonuses and promotions claimable in INJ. To see what we mean, we recommend reading our Injective online casino reviews for more information.
When it comes to playing internet crypto casino games with Injective, you can all but forget it. There may be a few in-house games developed by the operator that support INJ coin stakes, but we wouldn’t hold our breath. That said, you can still bet. You’ll simply see your INJ deposit converted into a different cryptocurrency (most likely USDT) when you want to play games at Injective Casinos. On the upside, this means that the choices of games you can play aren’t limited, with near-enough thousands of titles from dozens of providers a distinct possibility.
Here at BTCGOSU, we didn’t see too many advantages to using Injective over other cryptocurrencies at casinos, but that doesn’t mean we didn’t find any. For instance:
Most of the benefits introduced by Injective tend to be for those who aren’t gambling. For instance, if you want cross-chain transactions to run more seamlessly, then Injective could definitely offer you something.
Over 60% of the weekly network fees associated with Injective are pushed to a buy-back and burn scheme. This reduces the availability of INJ and ramps up its price. That’s great if you’re an investor looking for an opportunity.
There were always going to be disadvantages to using Injective, too. Here are the two biggest ones we spotted:
Injective is no different from other cryptocurrencies in that it is volatile. However, it is arguably more so because it relies heavily on ecosystem growth. Without that, there isn’t going to be much of a market for Injective.
Here’s the kicker – Injective has a lot of perks for the financial, cross-chain sector, but very little for online gambling. It doesn’t do anything special, and that means that there is competition (and there’s plenty of it) that can make for just as efficient an option as this crypto coin.
If you do want to continue and play at Injective Casinos, allow us to help you find the best sites. Here are our recommendations on things to keep an eye out for:
If you’re set on playing at crypto casinos with Injective, we encourage you to choose the best. Here are some that we’ve checked and can safely recommend to you today:
Before you can join Injective Casinos, you’re going to need to get your hands on some INJ. Follow these steps to get an idea of how this step works:
Injective is always going to have its fans. If you want great connectivity and interoperability between blockchains, this could be the option for you. However, if you’re just looking for a decent cryptocurrency to gamble with online that offers no-frills action, and you aren’t bothered about its multiple features or Web3, then it may be overkill for you. Personally, this reviewer thinks the strength of the competition out there means that Injective isn’t for me, but you may feel differently.
No, they don't. In fact, there are only a handful of crypto casinos that support Injective transactions, and you'll find the best of these right here on this page.
Yes and no. You won't be able to play live casino games using INJ, but your INJ deposit can be converted into something else (probably USDT) to play those games.
No. At least, we've not yet seen any examples of online casinos offering Injective bonuses and promotions.
There is also a risk when gambling with any cryptocurrency. They are volatile, after all. However, we haven't seen anything that makes us think that Injective is riskier than others.
INJ transactions typically cost around $0.0003, which is miniscule. That's so low that we'd practically say that INJ transactions are free from fees.