What is Injective Protocol?
Injective Protocol is a layer-1 decentralized protocol specifically designed for finance.
It's a decentralized derivatives exchange protocol that promotes permissionless and censorship-resistant trading.
It empowers external developers to create a wide range of markets, including spot, perpetual, futures, and options, all within a trading ecosystem.
Users can trade assets in the Injective Protocol ecosystem without incurring gas fees.
The Team
Injective Protocol was founded by Eric Chen and Albert Chon, two visionary leaders in the blockchain space.
Eric Chen serves as the Co-founder and CEO of Injective Protocol. His background includes invaluable experience as a researcher at Innovating Capital, where he worked on trading strategies and protocol research, shaping his understanding of the industry.
Albert Chon, on the other hand, holds the role of Co-founder and Chief Technology Officer (CTO) at Injective Labs. Before co-founding Injective Labs, Chon contributed his expertise to various tech giants, such as Linc Global and Amazon. His extensive industry knowledge continues to drive innovation within the organization.
Tokenomics & Utility
- Initial supply: 100M $INJ with 83.76% in circulation.
- Target inflation: 7% to 2%.
The tokens are used for various purposes within the ecosystem 👇
- Proof of Stake Security: $INJ token secures the Injective PoS blockchain, with uses in governance, staking, and dApp value.
- Governance: $INJ is the governance token for Injective Chain, governing various aspects, including module parameters and software upgrades.
- Exchange dApps Incentives: Makers pay 0.1%, takers pay 0.2% trading fees. Exchange dApps originating orders receive 40% of fees as incentives.
- Exchange Fee Value Accrual: 60% of fees are used for buy-back-and-burn auctions, deflating INJ supply.
- Collateral for Derivatives: INJ can be used as margin and collateral in Injective's derivatives markets, also for earning interest.
Community
Their presence in the crypto community is truly remarkable, and I can feel it each time I share a post about $INJ. The level of engagement and support from their community members is impressive and speaks volumes about the project's significance. Numbers:
→ Twitter: 374k
→ Discord: 184k
→ Telegram: 15k
→ Reddit: 9k
Who is involved?
Injective Protocol is backed by:
- Binance
- Pantera
- Mark Cuban
- Jump
What makes it different?
- High level of confidence
- Resistant to front-running
- Interoperability
- Neutral liquidity
- Complete decentralization
- Deflationary tokenomics
Comparison
I leave below a comparison of $INJ with $BTC, $ETH, $DOT, and $MATIC.
Pretty impressive performance from Injective.
Development
Injective has one of the hardest working & dedicated teams around.
→ They have 112 repositories on GitHub.
→ They also continue to expand their team even on the bear.
Potential
$INJ currently ranked #56 in the crypto market with an all-time high at $25.
Its price movements are very similar to $LUNA from the last cycle.
We think $INJ might fill the void left by $LUNA.
It makes 67.21x if it reaches Luna's ATH.
$486.59 🤯
Where to buy?
You can find $INJ at Binance, Coinbase, Bybit, MEXC, etc.
To join the Crypto Archive private group & buy $INJ without fees register MEXC here.
Conclusion
It is one of my four favorite projects. So I can't say if I'm biased or not.
I think its aggressive reactions to the dips are a harbinger of what it will do in the bull.
✅ Supports project growth
✅ Strong market demand
✅ Strategic partnerships
✅ Exciting and achievable milestones
✅ Clear vision & goals
✅ Deflationary
Great review, man.
I have so much hope in injective; the ecosystem is huge and still growing, projects launching in the BC, NFTs are at an ATH level and scalability well, nothing to complain about there.
I feel so comfortable having injective as one of my main bags.