The Injective team announced via X on Monday that TokenStation, the first native token launcher on Injective is live. This latest development allows anyone to launch a native token in seconds on the fastest L1 with the lowest fees.
TokenStation was created by the Injective community and it enables users to deploy a new token with no coding experience needed, the team added. Via TokenStation, developers can launch their tokens, manage tokens, mint new tokens, and slash the supply by burning tokens.
Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $36.26, down by 3% in the last 24 hours.