Buy, Sell, Trade INJ on WazirX
Injective Protocol (INJ) listed on WazirX recently on 23rd November 2020 at 12 PM IST, where-in the traders can buy, sell and trade INJ with USDT on WazirX. They also hosted a series of events to give away prizes worth $680. They published an official blog with the details of the giveaway.
INJ is a part of their Rapid Listing Initiative where-in the tokens are listed on WazirX trading markets without enabling deposits and withdrawals. Therefore the users can neither deposit nor withdraw INJ token from another wallet.
Yet the users will be able to buy, sell, trade INJ on WazirX USDT market. And deposits, withdrawals will be enabled very soon.
Give Away Activities
The give away worth $680 was held on 23rd and 24th November 2020 with three different activities.
- AMA with Eric Chen on 23rd November 2020
An ask-me-anything (AMA) session was held with Eric Chen, CEO & Co-founder of Injective Protocol in order to get educated with INJ. The giveaway prize in this contest was $150
Guidelines:
- 10 questions related to INJ were asked to Eric Chen crowdsourced from their Twitter followers. The 10 Twitter users were awarded $10 each.
- For the last 10 minutes, the discussion was unmuted and users had the chance to ask live questions to the CEO.
- $50 was awarded for top 5 questions from the Telegram group
- INJ Trivia Contest on 24th November 2020
The users had to follow the official WazirX, where 3 questions were shared on Instagram Story at an interval of 3 minutes. The users had to choose the correct answer for which $10 was rewarded for the correct answer.
The INJ Trivia Contest was held on WazirX Instagram Page with prizes of $30.
- Quiz Time with WazirX on 24th November 2020
Quiz Time with WazirX was held on its Telegram group. The users had the opportunity to showcase their knowledge in a fun quiz session and win a prize worth $500.
The users had to be prepared with the INJ protocol project details. To help out, they also provided the reading resources.
Further, the participants had to join the WazirX Discuss group on Telegram, where-in 10 questions were asked. Depending on the performance, the users were awarded $100 for the first place, $50 each for 2nd to 5th place and $10 each for 6th to 25th place.
About INJ
The injective protocol (INJ) is said to be the first layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi. It is implemented as a Cosmos SDK built with Ethermint means EVM (Ethereum Virtual Machine) on Tendermint.
It utilizes a Tendermint-based Proof-of-stake to facilitate cross-chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols. Additionally, the protocol is collision-resistant and utilizes verifiable Delay functions (VDFs) to prevent front-running.
Background
CEO of INJ: Eric Chen
CTO of INJ: Albert Chon
Partners of INJ: Binance, Altonomy, Pantera, Hashed, QCP Capital, StartX, CMS, Bitlink Capital.
Technical Information
- Trading Price: $1.1129 (at press time)
- Global Market Cap : $19,482,628
- Global Trading Volume : $8,516,282
- Circulating Supply: 13,608,281 INJ
- Total Supply : 100,000,000 INJ
Core Features of INJ
Injective Chain
The layer 2-Cosmos zone that hosts the first trustless and fully decentralized exchange protocol paved the way to empower Next-Gen DeFi Applications. A fully decentralized order book, trade execution coordinator, order matcher and order execution environment is built for the very first time.
Injective Futures Protocol
The protocol embraces a new era of permissionless financial access. It’s possible with a fully decentralized peer-to-peer futures protocol supporting decentralized perpetual swaps and contracts for difference(CFDs). Hence, enabling anyone to create and trade on arbitrary derivative markets with just a price feed.
Injective Exchange
A new model of exchange which is completely open-sourced, unlike the centralized exchange model. Injective exchange eliminates the technical barriers of entry for anyone to trade on the exchange.
Injective Governance
Injective governance is decentralized and governed by the Injective token community members. Anyone can join the community as stakeholders and participate in making decisions related to the protocol.
