Greetings dear reader! In this article, I will tell you what Injective is and why hundreds of thousands of users migrate from other blockchains to here every year. Are you ready for an exciting journey? Then let's get started!

Article structure:

1. What is Injective

2. Ecosystem Investor

3. Benefits of Better Blockchain for Finance

4. Burning Auction

5. dApps that will help multiply your finances

What is Injective?

Injective is not just a blockchain, it is the best blockchain for Tier 1 finance and it combines the best of other blockchains for the user experience.

It is the only blockchain where developers can find quality out-of-the-box models, such as a decentralized ledger (for building complex applications). Injective is also an open interoperable smart contract platform.

Injective is based on the Cosmos SDK (an open source platform for creating publicly available multi-asset Proof-of-Stake (PoS) blockchains). Injective can also enable fast cross-chain transactivation in the largest Tier 1 networks like Ethereum and Cosmos Hub.

The Injective ecosystem is currently a network of many dapps (decentralized applications) that exist to provide users with the best experience in using them. Injective allows people to allocate their capital more efficiently. Thanks to this ecosystem, its users have unlimited access to decentralized financial markets, products, exchanges, exchangers, NFTs marketplaces, services and other tools.

You have already started to get acquainted with Injective and the scale of this ecosystem becomes clear to you. A blockchain of this level must have support and investments from WEB3 giants, and in our case there will be no exception. Let's find out who invested in Injective at the very beginning of the digital revolution!

Investor & Ecosystem Partners

Binance Labs is a venture capital and incubator division of Binance(one of the largest cryptocurrency exchanges) that specializes in investing and supporting early-stage blockchain projects.

It was launched in 2018 with the aim of supporting and investing in blockchain and early stage cryptocurrency startups, as well as helping the growth of the blockchain ecosystem as a whole. Binance Labs invests in projects that have the potential to advance the development and adoption of blockchain technology, especially in areas such as decentralized finance (DeFi), security, and infrastructure. Injective was incubated by Binance Labs in 2018 (Binance invested $500,000 in the Pre-seed round(initial stage of raising investment). They only put their money into the most promising companies in their opinion.

In October 2020, Injective raised $3.6 million from Binance Labs as lead investor, Hashed and Yield Ventures in an Initial Coin Offering (ICO).

Pantera Capital

Pantera Capital is a hedge fund (investment company from the USA) specializing in blockchain technology and DeFi. It is the largest cryptocurrency investment fund in the world according to AUM. It has over $4.2 billion in assets under management .

In 2020 Injective raised $2.6 million in a Seed round from Pantera Capital

In April 2021, Pantera Capital invested $10 million in Injective Protocol's funding round, citing the platform's potential to revolutionize DeFi.

JUMP CRYPTO

Jump Crypto is the cryptocurrency division of Jump Trading Group, a trading firm. The company has made numerous investments in cryptocurrency and blockchain, including backing such large-scale projects as KuCoin Exchange, Hashflow, Mysten Labs and many others. The fund uses customized investment strategies and is known for its ability to identify promising blockchain projects at early stages.

Jump Crypto creates the infrastructure necessary for the operation and development of innovative protocols, dApps (decentralized applications) and various platforms. Jump Crypto supports Injective's developers and contributes to the rapid growth of the ecosystem.

On August 15, 2022, Injective raised $40 million in the last round from Jump Crypto as well as Brevan Howard Digital.

These are the key investors in the ecosystem who believed in the promise of Injective early on, and they definitely made the right choice. Every year more and more plans are being realized, including strategic partnerships with market giants, launching many state-of-the-art dApps and hosting online & offline events for many hundreds of people. Let's move on to a breakdown of Injective's key benefits, which have already been realized and which will be launched in the near future.

Benefits of the Best Blockchain for Finance

Every blockchain has certain advantages, but often their disadvantages override those advantages. The most famous blockchains are known for their history and capabilities, but Ethereum's fees are often huge, making it completely unprofitable to send a transaction, and the speed of transaction processing has rarely pleased me. So what does Injective offer?

• Lightning-fast transactions ( The transaction processing speed is about 0.64 seconds. That is, by sending any token to Injective, its recipient saw the receipt on the wallet in a blink of an eye).

• About zero cost of gas (The cost of one transaction is 0.0001 $INJ, which means you will pay 1 cent for sending your coins!).

• Compatibility with other blockchains: Injective supports compatibility with ETH, Solana, Cosmos and many other chains, which has a positive impact on cross-chain trading, opening up many possibilities for users to manage their assets.

• Continuous Growth. Thanks to skillful management and goal setting, many updates have been released this year (Altaris, INJ Burn, INJ 3.0 Релиз, Injective Bridge, inEVM, Volan) and more strategic partnerships and integrations have been concluded ( Mercyruo, Binance Pay, Arbitrum, Xion, LayerZero, Caldera, and that's just a small part of it.)

• Injective offers developers a decentralized infrastructure, unlike centralized structures, which allows them to easily launch financial applications.

• Intuitive development for builders: The ecosystem supports languages such as Rust and Golang because they are flexible and expressive. Thanks to this, developers can customize the parameters themselves on a case-by-case basis.

• Ongoing online and offline events. Meetings take place in the official Injective Discord channel, or on Twitter of the ecosystem & partners. However, a lot of emphasis is also put on WEB3 development in real life. During this year the Injective team and community have attended many events in different countries, some of the most global ones: Token2049, KBW 2024, Injective Builder House. And already on November 15, Injective Summit 2024 will be held in Thailand, where plans and ecosystem development will be discussed. You still have time to apply!

  INJ Burning Auction

  • Token burning is an established practice implemented by blockchains that care about their future, and the value of their token. This mechanism offers many benefits, which include:

  • Reducing the number of coins in circulation: by reducing the total number of INJ tokens in circulation, token burning can potentially increase the value of each remaining INJ token.

  • Increasing token scarcity: as the number of INJ tokens in circulation decreases, the token becomes more scarce, which could make it more attractive to investors.

  Demonstrates team commitment and confidence: the regular burning of INJ tokens demonstrates the Injective community's commitment to the long-term success of the project.

INJ 2.0 update

The introduction of INJ 2.0 has significantly improved the token burning mechanism, allowing any dApp on the Injective platform to participate in the process. Decentralized applications can now allocate a portion of their commissions to participate in burn auctions, further reducing the amount of INJ in circulation.

Regularly burning INJ tokens is an important part of Injective's long-term strategy, reinforcing the project's position as a leader in decentralized derivatives. By reducing the amount of INJs in circulation and increasing their scarcity, the Injective community is building a solid foundation for the project's future growth and success.

Recent INJ 3.0 update

The INJ 3.0 update, was a revolutionary step for the Injective ecosystem, to meet the needs of the community and establish the $INJ token as one of the most deflationary assets in the WEB3 world.

A vote was held in which the majority of participants voted in favor of IIP-392 to launch INJ 3.0. This event was timed to coincide with the halving of bitcoin. It aims to reduce the supply of INJ over the next two years.

Injective increased the rate of deflation by 400%. A special mechanism for adjusting the rate of token supply ensures Injective's adaptability and resilience. The platform will adjust its monetary policy in real time, reacting quickly to changes in staking activity. Thus, the more INJ is staked, the stronger the deflationary properties will be. This high level of flexibility maintains balance and safety in the ecosystem.

INJ deflationary strategy

The INJ 3.0 supply reduction schedule will follow an accelerated but carefully controlled volume reduction plan to protect INJ from inflation. The limits and timing of the change in token issuance rate are as follows: Lower limit: currently set at 5%, with a 25% reduction over two years in equal quarterly increments. Upper limit: currently set at 10%, with a 30% reduction over the same two-year period.

dApps that will help multiply your finances

There are a large number of dApps built and under construction within the Injective ecosystem, and in this section I will introduce you to the key players that offer the best financial tools for their users. However, to keep this article short, in the future I will do more full-fledged reviews on all these projects with a detailed review on each one, so stay tuned!

Talis - This is the largest NFT marketplace in the ecosystem. Here every user can start their own collection, or buy & sell NFTs they are interested in.

A little advice, if you are looking for promising collections, I suggest you to pay attention and do your own reserch of these collections: The Ninjas, Injective Quants, Cult of Anons.

You may have caught the Nft Era from a few years ago. The market is cyclical, and in the long run, I allow for this sort of thing.

• Helix - It is the leading decentralized crypto exchange on Injective. It carries all the functionality that users need. Buy and sell coins, exchange, make money on futures. And all this is combined with lightning fast speed and a pleasant and intuitive interface.Recently Helix has a contest where the prizes were two Helentwagens, and a lot of expensive equipment, so I advise you to follow such events, so you do not miss your lifchenge!

• **DojoSwap - ** is the first native decentralized exchange built on Injective. In my opinion, it is a separate ecosystem within the Injective ecosystem. On it you will not just be able to buy the most popular tokens, you will be able to use liquidity pools, participate in voting to decide the future of the platform. Lunchpads of the most promising tokens that are just getting ready to launch are available to you. Pools, Farming, Liquidity Staking. All of these opportunities are open to you now!

• Mito - is a pioneering protocol that has revolutionized automated trading and profits. There are many vaults waiting for you here, which offer attractive percentages. Also available for users of the platform are instant swaps and participation in the lunchpad of interesting and promising projects.

• Bitoro - It is the world's first leveraged trading protocol and ecosystem aggregator for the open-ended futures market. Bitoro brings together disparate market segments on a single platform, providing traders with optimal speed, low commissions, high liquidity, attractive incentives and exceptional ease of use.

• Exotic Markets - It is a DeFi platform that aims to become the most versatile structured products protocol in the DeFi space. Its main goal is to provide a wide range of payouts and collateral that were not found in other DeFi protocols at its inception. These payouts include token baskets, trading bands, accumulators, and capital preservation strategies.

I am also a NFT holder of this platform, so if you are interested in it, you can learn more about it in the official social networks of the project.

Conclusion

I think that this article has been really interesting and informative, and I have accomplished my goal of introducing you to the Injective ecosystem. I think that along with that, I have piqued your interest and now you are ready to explore this beautiful blockchain in more depth. There will be more articles to come soon, so subscribe and see you soon!