Schedule

Round	Opens	Closes
Sale Begins	1.12.2023 02:00:00 UTC	1.02.2024 16:00:00 UTC

Comparison

Injective (INJ) Explained

Injective Protocol (INJ) is a decentralized exchange (DEX) that offers cross-chain margin trading, derivatives and forex futures trading.

The Injective Protocol is built on the Cosmos blockchain as a Layer 2 application. The protocol uses cross-chain bridges which allow traders to access cryptocurrencies from platforms such as Ethereum and Polkadot.

Unlike other popular decentralized exchanges such as Uniswap or Bancor, Injective Protocol does not use an automated market maker (AMM) formula to manage liquidity. Instead, Injective follows the order book model that has been widely used for years across centralized stock and crypto exchanges. In doing so, Injective aims to match the efficiency of traditional finance with the transparency of decentralized exchanges.

Instead of paying network gas fees to execute each transaction, Injective Exchange traders only pay standard market maker and taker fees using INJ coins. INJ coins also serve as the platform’s governance token and staking mechanism to power Injective’s Proof of Stake based blockchain.

How Does Injective Work?

Injective Protocol is made up of several components that support the functionality and development of its decentralized exchange.

Injective Chain

The Injective Chain is a decentralized exchange (DEX) protocol built on Cosmos that also allows for the transferring and trading of Ethereum tokens. This chain aims to address the scaling and throughput limitations many Layer 1 blockchains experience, while still allowing developers to use the Ethereum development kits they are familiar with.

Traders can access several modules within the Injective Chain DEX:

Auction

– allows token holders to bid on baskets of tokens that have been accumulated from exchange trading fees. The INJ tokens paid by the highest bidder are burned, or eliminated from circulation, by the protocol.

Exchange

helps traders create and trade new spot and derivatives markets. Order book management, trade execution, order matching and settlement are programmatically managed on chain.

Insurance

supports underwriters who back the derivatives markets hosted on the exchange.

Oracle

obtains real-world price data (such as traditional stock market data) used to set asset prices on the INJ exchange.

Peggy

bridges Injective Protocol to the Ethereum blockchain, allowing ERC-20 token holders to convert their tokens to Cosmos-native coins.

Tokenomics

Roadmap

Small Selection Of Core Team Members (60+)