(INJ/BTC) Injective Protocol - buy signal
Hello traders
This is a poor buy signal ,not 100% valid.. but when you look at recent news (fundamentals) it worth making some targets
What is Injective Protocol?
Injective Protocol is a decentralized cross-chain derivatives trading and permissionless DeFi platform. The platform supports CFDs, perpetual swaps, and other derivatives. The protocol's tech stack accelerates trade execution and settlement on layer-2 while remaining fully decentralized. Because Injective is completely decentralized, anyone can create and trade derivatives markets.
How does Injective Protocol work?
The Injective Protocol has four key components:
Injective Chain.
Injective's smart contracts on Ethereum .
Injective API nodes.
Injective front-end interface.
What is the INJ token?
Injective Protocol's native token, INJ, serves as both a utility and a governance token. It's critical to governance, derivatives collateralization, protocol security, market maker and relayer incentives, and capturing the value of exchange fees, among other factors.
Governance: Using a DAO framework, the INJ token may be used to govern many components of Injective's sidechain, such as the futures protocol, exchange settings, and protocol upgrades.
Exchange Fee: Following the distribution of relayer rewards, the exchange fee will be subjected to an on-chain buy-back-and-burn event to generate value for INJ.
Collateral Backing for Derivatives: Derivatives markets will use INJ as collateral rather than just stablecoins. Token holders can earn interest on their INJ by staking them in insurance pools.
Security for Tendermint Proof-of-Stake: Tendermint-based PoS consensus secures Injective Protocol. The ecosystem compensates staking nodes for participating in network consensus. This method inflates the INJ token supply, which starts at 7% per year and lowers to 2% over time.
Market Maker Incentives: The Injective DEX charges 0.1 percent for manufacturers and 0.2 percent for takers. Market makers that help build liquidity on the DEX trading platform get fee reductions.
Credits : coin98insights
This is a poor buy signal ,not 100% valid.. but when you look at recent news (fundamentals) it worth making some targets
What is Injective Protocol?
Injective Protocol is a decentralized cross-chain derivatives trading and permissionless DeFi platform. The platform supports CFDs, perpetual swaps, and other derivatives. The protocol's tech stack accelerates trade execution and settlement on layer-2 while remaining fully decentralized. Because Injective is completely decentralized, anyone can create and trade derivatives markets.
How does Injective Protocol work?
The Injective Protocol has four key components:
Injective Chain.
Injective's smart contracts on Ethereum .
Injective API nodes.
Injective front-end interface.
What is the INJ token?
Injective Protocol's native token, INJ, serves as both a utility and a governance token. It's critical to governance, derivatives collateralization, protocol security, market maker and relayer incentives, and capturing the value of exchange fees, among other factors.
Governance: Using a DAO framework, the INJ token may be used to govern many components of Injective's sidechain, such as the futures protocol, exchange settings, and protocol upgrades.
Exchange Fee: Following the distribution of relayer rewards, the exchange fee will be subjected to an on-chain buy-back-and-burn event to generate value for INJ.
Collateral Backing for Derivatives: Derivatives markets will use INJ as collateral rather than just stablecoins. Token holders can earn interest on their INJ by staking them in insurance pools.
Security for Tendermint Proof-of-Stake: Tendermint-based PoS consensus secures Injective Protocol. The ecosystem compensates staking nodes for participating in network consensus. This method inflates the INJ token supply, which starts at 7% per year and lowers to 2% over time.
Market Maker Incentives: The Injective DEX charges 0.1 percent for manufacturers and 0.2 percent for takers. Market makers that help build liquidity on the DEX trading platform get fee reductions.
Credits : coin98insights
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