The Injective Protocol Business Model
Injective protocol platform is a decentralized system that leverages on the blockchain technology to deliver to the users, a front-running resistant platform which will facilitate the trading of digital currencies (assets) and give access to more trading methods such as the margin trading, derivatives and futures.
The Injective platform is very unique and completely dissimilar to the majority of the popular cryptocurrency exchange platforms in the crypto space.
It has a superior design, features and a business model which keeps it at the top of all other cryptocurrency exchanges.
I know that the question of "how?" is brewing in your minds, so to answer that, Let’s take a close look at…
The Operational Model of The Injective Platform
Firstly, the Injective protocol is an open-source system, that is accessible by everyone, giving them the opportunity to enter and build on the system, without any form of barrier or restriction.
The Injective protocol system is designed to be scalable, allowing for any improvement to be effected on the system, with little or no stress, irrespective of how complex it might be.
More liquidity is now made available on the system for the users, letting them gain more profits from their digital assets trading.
There is also a rebate program which kickstarts upon the initiation of the Injective platform, and is meant to give back to the market makers and takers in the system, for trading their digital assets on it on the Injective platform.
Since it runs on a Proof-of-Stake (PoS) consensus, it opens the floor for users to participate by staking their token on the system and get the staking reward in return, which depends on the amount of token staked.
To make it more beneficial to the users of the Injective platform, it has provided an opportunity which allows users to host network nodes on the system.
Now these nodes attract some percentage of the exchange fee paid by users which were referred by the creators of these nodes.
This way, the users get to enjoy the unreserved benefits of using the Injective platform.
Additionally, this great system also incentivizes its users at different levels of operation with incentive systems such as the market maker incentives, for orders makers, as well as other incentives just for taking part in the operation of the system.
The security of the system is guaranteed, as it has devised a lot of measures to ensure that the traded assets as well as user’s information are protected from prying eyes and unauthorized access.
The Injective Protocol Bounty Program
To reward users and its supporters, the Injective platform has launched a bounty program.
This bounty program was Kickstarted on the 20th day of June 2020, to run till the 31st of July 2020, a period when it will reward the participants with the allocated amount of about 30,000 USDT Worth of Eth for the entire bounty period.
The Krypital Bounty group is placed in charge of the bounty program, to ensure that participants who honestly promote the Injective protocol project, are rewarded accordingly with Eth that is proportionate to their contributions.
This 6 weeks bounty is scheduled to cut across different kinds of promotion and awareness creation such as the Bitcointalk, content, growth hack, social media, telegram and others.
The unique thing about the Injective protocol bounty is that it rewards participants bi-weekly after reviewing their works.
Conclusion
Looking at the Injective protocol design and operational model, one will realize it has the interest of its users at heart, with the quest of releasing the full benefits of digital assets transaction to its users. It is well equipped to give the users a great proficiency in trading, while ensuring the adoption of both cryptocurrencies and the blockchain.
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