Injective Protocol - Decentralized Trading Exchange Protocol
Throughout history, people have traded goods based on Blockchain technology in exchange for services. Along with the development of mankind, the importance of money arose. People invented the currency to make it easier to exchange and trade. Currency also requires someone to control its use and production. Financial company groups are established with the goal of managing and regulating the supply of currencies available for circulation.
With the growing importance of blockchain technology, the power of exchange services is also increasing. Emerging projects are also beginning to develop. At the same time, most developers use different advanced technologies to engage faster. Therefore, to create a turning point for this industry is essential. That's why the project team created Injective a decentralized exchange, Layer 2, ready to solve special problems with existing decentralized exchanges - A resistance exchange protocol that ran before. Ensure fast, secure and decentralized trading experience.
The injection protocol is a decentralized financial and transactional protocol based on Ethereum, supporting margin, derivative and futures trading.
Decentralized exchanges are currently facing problems such as liquidity, complex user interfaces, and are somehow centralized in some way.
Injection protocols are being developed to address high latency and decentralized exchanges.
Centralized exchange has been monopoly of the same exchange market. Despite having a larger market share, they turned to ignoring some of the challenges and unhappiness that some of their colleagues suffer. An important issue is that the security and architecture of centralized exchanges makes them vulnerable, which often leads to losing money and customer trust.
Features of Injective
Decentralized
Unlike other decentralized exchanges, Injective is truly decentralized and does not have any centralized component. Take back control of your funds and trade through our peer-to-peer client. You can see your orders posted and matched on the sidechain in real time.
Cryptographically Secure
We leverage the bleeding edge of cryptography and decentralized finance to make your trading experience secure. Injective is the only DEX protocol securing your trades against front-running using Verifiable Delay Functions (VDFs) and selective delay.
Modern
Tap into the world of margin trading on derivatives and tokens via our basic interface. Leverage the full potential of our protocol on our pro interface. Stay tuned to our upcoming market listings!
Solution of Injective Protocol
The injection protocol supports permanent swaps, contracts for differences (CFDs) and will continue to prepare and provide for other derivative products. Moreover, the Injection Protocol allows individuals to create and trade on arbitrary derivatives markets with only one price feed. We believe this is a vast, untapped market with many needs and opportunities to meet unmet needs that even current centralized exchanges do not (or rather, cannot) respond.
The team solved the problem directly related to user experience using the Layer 2 protocol. Ethereum's average blocking time of 15+ seconds, along with its finite finality, greatly reduced throughput and commercial revenue. This means that market makers cannot respond quickly to market changes and therefore incur additional risks by creating markets on DEXes. As a result, DEXes act as a secondary market where users face more ineffective prices / higher spreads resulting in less liquidity. By implementing our own decentralized transaction coordinator, it allows free and almost immediate cancellation of orders and significantly increases the transaction speed by expanding the execution scale and bar. Our communication team on our own Layer 2 chain, these restrictions have been effectively broken.
The Injective Futures protocol is a decentralized peer-to-peer futures protocol which currently supports decentralized perpetual swaps, contracts for difference (CFDs), and many other derivatives! Our protocol allows individuals to create and trade on arbitrary derivative markets with just a price feed.
Token Economics
The protocol's native token will be used to maintain secure evidence on the sidechain, detect and initiate the order of nodes, and allow token holders to capture the value of the success of the delivery. via token distribution or token burning. The exchange protocol does not charge in the native token by default, but implements negative propagation, thus following the fee model of traditional centralized exchanges. The collected fees will undergo a periodic auction executed on a smart contract to redeem the original token.
We describe Injective Token (INJ) and its use case in Injective Protocol. INJ will used for the following purposes:
Stake Based Fee Distribution
Decentralized Buy-Back Auction
Market Maker Incentives
Relayer Incentives
Sidechain Governance
Proof of Stake Security
Injective Protocol Announces a Strategic Partnership with Krypital Group
As one of Injective's early strategic investors, we are grateful to the Krypital Group for their multi-dimensional support for the development of the project. The Krypital Group will provide a range of tailor-made global marketing campaigns, aimed at strengthening the global reputation of the Immunization Protocol as well as maximizing the impact of all marketing strategies and Upcoming activities.
Through this strategic alliance, Injective will continue to reveal plans for future events, promotions, and other marketing plans. The project is excited to share more updates with the community as it works in a way that brings DEX decentralized derivative tools to you.
Krypital Group is a leading global blockchain incubator and venture capitalist. Focusing on venture funding, one-stop consulting and brand management services, Krypital Group supports specialized projects with great potential.
The Injective protocol is under a bounty program. The PROTOCOL team plans to host the official 6-week Bounty Program to reward their supporters with ETH tokens between June 20, 2020 and July 31, 2020. (CST). A USD 30,000 ETH worth will be allocated to the bonus program.
In conclusion, we can conclude that blockchain technology is the most open, objective and secure information storage system. Data stored in a blockchain cannot be changed or deleted. When data falls on the blockchain, they will be there forever. In addition, blockchains are much harder to crack because information is distributed, updated and verified on multiple computer nodes. Block chain technology and the Injective platform, created on this basis, can actually play an important role in developing protection for users around the world and buying and selling currencies on DEX as part. our indispensable.
Official Website: https://injectiveprotocol.com
Telegram: https://t.me/joininjective
Whitepaper Link: https://docsend.com/view/zdj4n2d
Github: github.com/InjectiveLabs
Twitter: https://www.twitter.com/@InjectiveLabs
Reddit: https://www.reddit.com/r/injective/
Bounty : https://bitcointalk.org/index.php?topic=5256993.msg54655843#msg54655843
Username:BERN14
Profile:https://bitcointalk.org/index.php?action=profile;u=2576481
Eth:0x669fd0cfbE1506f95801ED9d3E97595696E38A62