Contents
- 1 Overview of Injective Protocol
- 2 Blockchain
- 3 Mine
- 4 Network
- 5 Support
- 6 Transactions
- 7 Altseason Finally?
- 8 De la liquidité, des récompenses : que demander de plus ?
- 9 How does Injective Protocol work?
- 10 How is Injective Different?
- 11 How Is the Injective Protocol Network Secured?
- 12 How Many Injective Protocol (INJ) Coins Are There in Circulation?
- 13 Like what you’re reading?
- 14 What is a Decentralized Exchange?
- 15 What Is Injective Protocol (INJ)?
- 16 What is Injective Protocol?
- 17 What is Injective Protocol?
- 18 What Makes Injective Protocol Unique?
- 19 What problem does Injective solve?
- 20 What’s in it for users?
- 21 Where Can You Buy Injective Protocol (INJ)?
- 22 Who Are the Founders of Injective Protocol?
- 23 Who are the top 10 Investment Companies?
- 24 Why Decentralization?
- 25 Why Decentralization?
- 26 History of Injective Protocol
Overview of Injective Protocol
Blockchain
As well as being incubated by Binance Labs, Injective Protocol is also backed with $3 million in funding from noted blockchain investors Pantera, Hashed and others.Pantera has had some successful exits, including Kik, Bitstamp and Blockfolio.
Mine
Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing.Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi.
Network
Support
Injective Protocol is building a fully decentralized, robust, and highly customizable Layer-2 DeFi protocol that supports a diverse range of derivatives, such as CFDs and perpetual swaps.Injective’s DEX can provide a new distribution channel Elrond’s technology to expand to traders globally while also introducing new derivative products that utilize EGLD moving forward.
Transactions
Elrond staple features, such as 30% royalties for smart contract authors, upgradeable smart contracts, relayed transactions and tokens transferable at native protocol speed & costs, can provide essential differentiators that can help Injective Protocol stand out from their competitors and further their mission of creating a truly decentralized and highly performant DeFi layer.
Altseason Finally?
The general market has been on a rally since the late last year 2020.The recent market domination by ETH and its breaking and doubling of its previous ATH are good signals.Furter, the reduction of the Bitcoin Dominance is pointing to more Altcoin rallies, famously known as Altseason.
De la liquidité, des récompenses : que demander de plus ?
Tout le monde pourra ainsi participer : le but, rien de moins que de créer un marché libre et non censurable où les cryptomonnaies pourront s’échanger au gré des envies… mais pourquoi pas aussi d’autres formes de valeurs, comme des contrats à terme, par exemple.
How does Injective Protocol work?
INJ is the token utilized on Injective and was launched via a public offering in 2020, becoming the first project backed by Binance Labs to debut on Binance Launchpad.The use cases intended for INJ include but are not limited to: protocol governance, exchange fee value capture, derivatives collateralization, liquidity mining, and staking.
How is Injective Different?
Pioneering a new decentralized economy.
How Is the Injective Protocol Network Secured?
The Injective Protocol blockchain operates on a proof-of-stake (PoS) consensus mechanism.This is one of the more prominent similarities INJ has with the Ethereum blockchain.To use the mechanism of the Ethereum Virtual Machine, INJ relies on PoS for security.
How Many Injective Protocol (INJ) Coins Are There in Circulation?
The total supply of Injective Protocol (INJ) tokens is 100,000,000.Currently, there are about 15,406,012 INJ tokens in circulation on the market.According to the official INJ white paper, there is necessary inflation set to 7% at the launch of INJ tokens so that nodes are incentivized to validate transactions on the blockchain.This inflation rate is gradually going to decrease over time and reach 2%.
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What is a Decentralized Exchange?
There are generally two separate types of crypto exchanges available: centralized exchanges (CEXs) such as Coinbase or Binance, or decentralized exchanges (DEXs), like UniSwap or 1inch Exchange.The fundamental difference between CEXs and DEXs is the custody of the private keys to the funds they hold.CEXs pride themselves on a super easy user experience, where people can buy their first Bitcoin and other cryptocurrencies with minimal effort involved.CEXs are great for onboarding newcomers to the industry, however, they do have their drawbacks.
What Is Injective Protocol (INJ)?
The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks.What this means is the exchange is solely operated by people who hold INJ tokens.There is no centralized governing body that enforces control over the development of the project.The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.
What is Injective Protocol?
Injective Protocol is a distributed protocol bringing the features of centralized exchanges onto DEXs.The network brings speed, security, and liquidity into DEXs unlike most of the top projects at the moment, and thus, aiding DeFi adoption.The system achieves this through a layered design and the employment of various technological advancements.
What is Injective Protocol?
Injective Protocol describes itself as the first layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi.
What Makes Injective Protocol Unique?
Injective Protocol is a noteworthy project because it aims to solve problems in the financial world by employing blockchain technology’s decentralized nature.INJ allows investors to participate in a genuinely decentralized finance (DeFi) organization, where they have the power to make changes happen and introduce new ideas.
What problem does Injective solve?
Injective brings power back to the people by enabling truly free and decentralized trading for everyone.
What’s in it for users?
Through its features, it is evident that the platform is focused on end-users.Among the immediate benefits are security, low entry barrier, flexibility, convenience, speed, trust, and liquidity.
Where Can You Buy Injective Protocol (INJ)?
Injective Protocol (INJ) tokens are available on most major exchanges.Binance has the highest INJ/USD trading volume at $12,687,084.This is the most popular exchange for purchasing INJ.
Who Are the Founders of Injective Protocol?
Eric Chen is the co-founder of Injective Labs, the company behind INJ.He has a bachelor of science in finance from NYU Stern, and his professional career started back in 2014.Chen was a research fellow at Desay Sv Automotive, and later moved to AXA Advisors to become an analyst.In 2017, Eric Chen became a researcher for Innovating Capital, and a year later, in 2018, he co-founded Injective Protocol.
Who are the top 10 Investment Companies?
Investment is a very lucrative method for generating future income.However, it requires individuals…
Why Decentralization?
As Crypto is becoming ever more decentralized, exchanges must follow suit.Traditional Centralized Exchanges (CEX) have many weaknesses concerning coin custody, identity breaches, server downtime, fees, and even insider trading.
Why Decentralization?
As Crypto is becoming ever more decentralized, exchanges must follow suit.Traditional Centralized Exchanges (CEX) have many weaknesses concerning coin custody, identity breaches, server downtime, fees, and even insider trading.