Thread by @Diversitas_LTD

What is @Injective_ and why soon everyone will talk about it?👀

A thread🧵👇 $INJ

Injective Protocol is a decentralized, layer-2 platform built on #Ethereum that enables the creation of fast, low-cost, and highly scalable decentralized exchanges (DEXs), as well as other financial #dApps 👀

@Injective_ is also the first blockchain to offer auto-executing smart contracts, which empower faster, more innovative, and groundbreaking applications🚀

It also looks like they will soon dip their toes into the AI market, which we expect to be hot in 2023👀🔥

https://twitter.com/ericinjective/status/1625161648418746368?s=20&t=COugKKOZyAt8swLfgr-LDw

Here is also how their blockchain compares to #Bitcoin, #Ethereum, #Polkadot, and #Polygon 👀👇

As you can see, it aims to provide a solution to the scalability issues faced by existing decentralized exchanges and bring institutional-grade #trading experiences to the #DeFi space👀

Injective’s core exchange module provides an advanced on-chain order book and matching engine for spot, perpetual, futures, and options markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users✅

While there are no gas fees, the users still need to pay for #trading. Currently, makers pay only 0.1% while takers pay 0.2% in trading fees on the Injective Decentralised Exchange. A very competitive price👌

The main reason why we are extremelly bullish on Injective Protocol and $INJ is the fact that the need for an institutional-grade trading experience on decentralized exchanges has never big bigger🔥

After the collapse of the #FTX, the trust in centralized exchanges was lost, and many users decided to withdraw their funds. With record-high exchange withdrawals over the past few months, we do expect a lot of trading to move on #decentralize dexchanges🤔

The recent regulatory crackdown in the US may make their offering even more attractive👌In other words, Injective Protocol has a great product market fit and will likely attract many users in the #BullMarket to come🚀

If you are not yet bullish, let us tell you that they recently launched a $150M ecosystem fund👀

The fund is supported by the largest institutions in the space including @PanteraCapital, @KuCoinVentures, @jump_, @IDGCapital, @delphi_labs, and more👇

https://twitter.com/Injective_/status/1618250143530356736?s=20&t=7KtKjRQQ3tpSJOjwE1qESA

An ecosystem fund and a great product-market fit are a great combination👌 The last missing piece needed for the parabolic raise are the #tokenomics of the project👀

The native token of the Injective Protocol is the $INJ token. It is used for governance, exchange value capture, liquidity mining, and staking 👌

$INJ is currently priced at $3,48 and is ranked #137 on @CoinMarketCap 👀

A mid-cap gem ready to enter the top 50 list🔥

The circulating supply sits at 73,000,000 while the max supply is set at 100,000,000.

The best part, $INJ has a great burning mechanisem🔥👇

https://twitter.com/Injective_/status/1623177608014749697?s=20&t=COugKKOZyAt8swLfgr-LDw

Every 2 weeks, 60% of exchange fees are used to buy back and burn $INJ, allowing the quantity of $INJ to decline📉 So far, roughly 5,6% of the total supply got burned👀

Not sure why, but this reminds us of early $LUNA days😉

https://twitter.com/Injective_/status/1621395904338042880?s=20&t=7L8l1P2IqYQl-07tTOjg3w

Once the $INJ #ecosystem growth starts to accelerate, so will be burning🔥

Once we start to burn an insane amount of $INJ you do not need to be a genius to figure out what happens to the price of $INJ 🚀

Disclaimer: This is not financial advice and you should do your own research before investing.

We would also like to disclose that some members of our team hold $INJ tokens. We also have a small $INJ allocation in one of our strategies on @iconomicom