# Injective Cosmos Token incentives Methodology

## 1. Overview

Token incentives for Injective Cosmos measures the value of native INJ tokens minted and paid out to supply-side participants, primarily validators and stakers. These rewards are distributed on an ongoing basis to compensate stakeholders for securing the network and participating in the consensus process. The metric is analogous to stock-based compensation in traditional finance and reflects the inflationary cost of network maintenance.

## 2. Data sources

- **Blockchain events**: `mint` events occurring during the `BeginBlock` phase of block execution on Injective Cosmos
- **External data**: End-of-day price feeds for the native INJ asset

## 3. Step-by-step calculation

### Component A: Staking reward extraction for Injective Cosmos

- **Purpose**: To identify and capture the volume of native assets minted for network participants
- **Logic**: Block events are filtered to isolate `mint` events where the source is identified as the `BeginBlock` execution phase. This phase specifically captures the protocol-level inflation and reward distribution that occurs at the start of every block. The quantity of native INJ is extracted from the event attributes and aggregated to a daily level.
- **Key fields**: `event_type`, `amount`, `block_timestamp`

### Component B: USD conversion and normalization

- **Purpose**: To normalize asset quantities and convert the value into a standard currency for reporting
- **Logic**: The extracted INJ amounts are normalized by decimal precision to account for the asset's native representation. These daily quantities are multiplied by end-of-day price feeds for the INJ asset. All data is aggregated using UTC day boundaries.
- **Key fields**: `token_incentives` (USD value), `timestamp` (UTC day)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

Token incentives

Blockchains (L1)

Validators process transactions and receive transactions fees (supply-side fees).

Injective is a smart contract platform for decentralized finance applications (a blockchain) and an orderbook exchange protocol. Injective was founded by Eric Chen, Albert Chon etc. and launched in 2020. Note that this dashboard only tracks Injective's blockchain business.

INJ holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue) via Burn Auctions. Injective's investors include Binance, Jump Crypto, Mark Cuban, etc.

Injective Cosmos

Token incentives

Token incentives

Chain breakdown