Executive Summary: Business Model Injective Protocol
Decentralized Finance (DeFi) is a financial service system that is open, transparent without any centralized authority. DeFi realizes this with smart contract technology that can enable developers to build maximum functionality. DeFi is a global alternative for financial services today, such as trade, savings, loans, insurance and others because it can be accessed by anyone and anywhere using only smartphones and the internet network. One of the benefits of DeFi is users have full control over their assets by using decentralized applications or Dapps even though they can be accessed openly.
DeFi has grown at a very high speed, many new projects and new users are using it lately. According to the latest data, this decentralized financial protocol has shown spectacular growth. Of course, this has a positive impact on the cryptocurrency ecosystem. In a previous article, I discussed the comparison of Decentralized exchange (DEX) and Centralization exchange(CEX), and one of the interesting dex projects at the moment, the Injective Protocol. Please read the full review here:
Injective Protocol— How to Fully Decentralized Trading an Easy Way
Fast, Secure, and Fully Decentralized Trading
In this article, I will review the injective protocol business model:
- Customer Segments: A full-fledged and mature platform
- Value Propositions: Users Benefit
- Cryptocurrency Products: INJ Token
- Key Partnerships: Strategic brand partnership
- Key Activities: Roadmap
- Best Team
- Bounty Campaign
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1. Customer Segments: A full-fledged and mature platform
What do you think, feel, see and do about our products?
The biggest challenges in the cryptocurrency market are liquidity and user experience. The assumption that the crypto market is only controlled by large investors or certain groups makes the level of liquidity in crypto asset trading questionable which makes the crypto market unhealthy. Trading volume and trading transaction speed for buying and selling are still considered to be lacking due to the unbalanced levels of demand and supply on a cryptocurrency exchange. So, one of the factors that make a cryptocurrency exchange healthy is when the crypto market is very liquid, it means that there are many sellers and buyers who trade with each other.
Deep liquidity can make users get the maximum benefit with lower transaction costs too. The top priority of the Injective protocol is to provide liquidity so that traders can face minimal risk. To ensure optimal liquidity and user experience, Injective works closely with Binance DEX. The available futures protocol is focused on the community so that everyone can create a market for this protocol. This project is very open and cooperative on market development, over the medium to long term, the dev team focuses on developing the community and allowing the community to come up with extraordinary market ideas.
Injective Protocol is a really decentralized and mature platform. Users will get a lot of pleasant trading experiences with optimal liquidity, some of the services that you can enjoy are
- Decentralized Lending/Margin Trading → This platform allows traders to make short or long term investments in crypto assets with leverage. Of course with full decentralization, freedom is in your hands.
- Decentralized Futures & Derivatives Markets → This is an innovative new way and offer, this platform combines DeFi and the derivatives market to give you a great trading experience.
- Cross-chain trading → Injective protocol supports Ethereum, TrueUSD, Injective, Dai, MKR, and other altcoins to be announced. This service allows users to get various trading options.
2. Value Propositions: Users Benefit
What is interesting about value propositions?
The Injective Protocol is really serious in creating a trading ecosystem that makes users comfortable and can get maximum profit. Here are some ways that Injective offers you to make a profit
- Maker and Taker rebate programs during the initial stages of launch
- Liquidity guarantees with highly scalable infrastructure, top market-making partners, and strong liquidity incentives
- Users can participate in proof of stake consensus to earn reward
- Hosting a network node and referring users
What are more advantages of Injective Protocol?
In addition, users will also get many other good opportunities and benefits, including technical matters such as security and flexibility.
All of these innovations and offerings are arranged for user satisfaction. Trust certainly requires time and commitment, which is why Injective tries its best to show developments openly. The Dev Team designed an economic sign where growth is the best and only solution for token appreciation. In this case, the Injective protocol is interesting enough to be used as a long-term guide.
3. Cryptocurrency Products: INJ Token
Injective Protocol launches cryptocurrency: INJ, which are used to maximize platform functionality, support effective interaction and trading. INJ making the exchange a public utility and reflects of the protocol value. INJ Token usage:
- Market makers and participant incentives
- Network node value accrual
- On-chain governance
- Proof of Stake security
4. Key Partnerships: Strategic brand partnership
Forming a strategic partnership will provide benefits and positive experience if done well. The parties involved must benefit, including investors and supporting partners. All parties determine a shared vision to align goals as a team. With good cooperation, all forms of support will greatly influence the development of the project.
The following are business partners who support the Injective project
- Binance Labs → Binance Labs is a business arm of Binance, established to maximize the potential and empower entrepreneurs or communities in the blockchain and cryptocurrency industries. The main mission of Binance Labs is to support industrial projects in the blockchain ecosystem to become larger, maximize the potential of blockchain technology and its social impact, and increase global cryptocurrency adoption.
Binance Labs Launches Eight Blockchain Projects Out of Stealth. One of the eight featured projects is the Injective Protocol. This is truly extraordinary support.
- K42 → K42 is a strategic partner that helps extraordinary innovative blockchain companies to grow and develop successfully. K42 offers exclusive consulting services, technology support and funding.
- WOOtrade → WOOTRADE Announces Strategic Partnership with Injective Protocol, this collaboration aims to implement liquidity management, design products and crypto derivative asset markets, and establish an established international company brand.
- CMS Holdings → provides professional related services administration, accounting, information technology, document collection, transmission, and processing services. With this support, it is hoped that the process of community formation will run smoothly so that a good ecosystem will be created
- StartX → StartX is a collection of 1200+ serial entrepreneurs, industry experts, tenured Stanford professors, and 700+ well-funded growth-stage startups, including Lime, Branch, etc. StartX also supports and incubate blockchain projects like Filecoin, Trusttoken and Opensea.
- Krypital Group → Trusted to handle bounty campaigns. Experienced in handling trusted projects. With a bounty-manager team who work professionally, building support to create a solid ecosystem. Maximizing social media support and bitcointalk forums with bounty hunters to promote projects to the maximum.
Bounty campaigns that have been handled:
5. Key Activities: Roadmap
6. Best Team
The success of a new company often depends on the ability of the founder to gather great people into his team. This team will execute the ‘best plan’ for the development of the project. The injective team consists of experienced and competent people in their respective fields. The right composition of team members will bring synergy to the project.
7. Bounty Campaign
📆 duration → 6/20/2020 to 7/31/2020
🎁 total reward →30,000 USDT worth ETH
🔗thread bounty: → https://bitcointalk.org/index.php?topic=5256993.0
💯the tokens will be distributed in 9 campaigns below:
Growth Hacking Campaign → 2,500 ETH
Bitcointalk Campaign → 4,000 ETH
Content Campaign → 5,250 ETH
Social Media Campaign → 2,500 ETH
Telegram Campaign → 4,500 ETH
Audit Campaign → 2,000 ETH
Translation Campaign → 3,000 ETH
Reservation → 1,250 ETH
Cooperation → 5,000 ETH
Disclaimer: This article is not investment advice, just for knowledge and education. Do a thorough independent analysis before making any decision. DWYOR.