5 Notable Injective Ecosystem Protocols Covering DEX, GameFi, NFT, and Other Application Areas
This article, originally from andrew.moh’s tweet, compiled, edited, and written by PANews.
Summary:
INJ and TIA hit new all-time highs. What other potential tokens are there in the Cosmos ecosystem?
Background:
A Comparative Analysis: Oasis, Injective, and Nearblockchains.
Table of Contents:
Helix
Black Panther
Talis Protocol
Exotic Markets
Ninja Blaze
Injective Protocol is an infrastructure framework for DeFi applications that enhances multi-chain trading through derivatives such as perpetuals, futures, and spot markets. Injective Protocol is built on the Ethereum and Cosmos blockchains to minimize gas costs.
Injective has experienced significant growth over the past year and has gained widespread recognition, with INJ prices growing over 2,700% and reaching a new high of $42. Despite the hype surrounding Injective in the market, its true potential is yet to be fully developed, and its ecosystem is still in its early stages, with some potential airdrop projects. Here are five projects in the Injective ecosystem identified by crypto KOL andrew.moh that have airdrop and development potential.
Helix is a DEX platform for cryptocurrency spot and derivative trading and for building and executing financial applications based on the Injective infrastructure. Helix enables unlimited trading of cross-chain crypto assets and perpetual markets and provides rebates.
Key features of Helix:
Decentralized order book
Rebates
Decentralized stop-loss limit orders
On-chain matching
Although Helix has not officially confirmed an airdrop, the “Rewards” option on its website suggests future airdrops. To qualify for the airdrop, you can:
Trade
Trade perpetual contracts
Use their bots/set limit orders
Black Panther is a self-custody asset management protocol that offers returns through automated compounding vaults and yield opportunities. The token is called BLACK.
Black Panther provides algorithm-supported trading bots, allowing users to deposit their crypto assets into the vaults for the bots to perform trading activities and profit from yield opportunities in the DeFi market.
The advantages of grid trading bots:
Profit from volatility without predicting market direction
24/7 passive trading without the need for continuous monitoring
Manage risk by setting price ranges and receiving alerts
In the Black Panther dApp, there is an option labeled “Airdrop.” When using Injective’s mainnet, users have the opportunity to receive rewards when the BLACK token is launched.
Talis Protocol is a platform that connects artists, buyers, sellers, and printing companies within the NFT community. Talis Protocol solves many issues related to NFTs, including valuation and using NFTs as collateral assets.
Artists can mint NFTs and produce xNFTs related to printing businesses in the real world. Customers who purchase NFT prints are buying xNFTs. These xNFTs are then transferred to the printing business to create physical products such as T-shirts and paintings.
Each physical product is verified through a digital receipt with a QR code on the blockchain, allowing artists to showcase the uniqueness of their artwork in both the digital and physical worlds.
Talis Protocol’s token TALIS is the first native token in the Injective ecosystem. The DEX platform Helix recently listed TALIS. Through trading the Talis protocol, users can earn on-chain rewards and participate in its NFT ecosystem.
Exotic Markets is a DeFi platform built on the Solana blockchain that aims to be the most flexible structured product protocol, providing extensive yield and underlying infrastructure in the DeFi space.
Exotic Markets has two types of markets:
Vaults that interact with asset pools and execute automated strategies to replicate certain yields.
Single Products that allow buyers and sellers of structured products to interact freely on an open and transparent platform.
The “Robo Advisor” on the Exotic Markets platform also guides investors in product selection based on investment duration, risk profile, and market outlook. Tokenizing positions on the Serum Exchange adds liquidity to traditional illiquid products. The native token of Exotic Markets, EXO, supports governance and fee reduction.
Exotic Markets successfully raised $5 million in a private round in 2022, with leading investments from Multicoin and Ascential Assets and participation from Animoca Brands, Morningstar Ventures, and Solana Capital.
Ninja Blaze is a GameFi platform based on the Injective blockchain. Ninja Blaze is currently available on the testnet and has developed a game called Jackpot and is working on another PvP game called Roshambo Jackpot.
The Jackpot game is executed through smart contracts, and all aspects, including fundraising, game participation, and drawing, are based on the blockchain. The winning probability of each player in the game depends on their deposit.
The Ninja Blaze roadmap mentions an airdrop in the first quarter of 2024.
There is information claiming that Ninja Blaze has successfully raised $206 million. However, there is currently no official source to confirm this claim.
Ninja Blaze also claims Injective as their partner in their whitepaper. However, no official announcement from Injective has been seen.
Ninja Blaze is currently participating in the Injective Illuminate Hackathon, an event supported by Google Cloud and co-hosted by DoraHacks.
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Tags:
Black Panther
Exotic Markets
Helix
INJ
Injective
Ninja Blaze
Talis Protocol