INJ hit a new high, get a glimpse of the Injective ecosystem or 5 projects with airdrop and development potential

Author: andrew.moh, crypto KOL

Compilation: Felix, PANews

Injective Protocol is an infrastructure framework for DeFi applications that enhances multi-chain trading through derivatives such as perpetual, futures, and spot. Injective Protocol is built on ETH and Cosmos blockchains to minimize gas costs.

Injective has grown significantly and gained widespread recognition over the past year, with INJ price increasing by more than 2,700% to break through a new high of $42. Despite some hype around Injective, the true potential of the chain remains untapped, and its ecology is still in its early stages, with some potential airdrop projects in place. The following are the 5 projects in the Injective ecosystem or with airdrop and development potential that crypto KOL andrew.moh has inventoried.

Helix

Helix is a DEX platform for crypto spot and derivatives trading as well as creating and running financial applications based on Injective infrastructure. Helix allows unlimited trading across chain crypto assets and perpetual markets and offers rebates.

Key features of Helix:

• Decentralized order book
• Rebates
• Decentralized stop-limit orders
• On-chain matching

Although Helix hasn't officially confirmed the airdrop, the "Rewards" option on its website hints at future airdrops. To qualify for an empty investment, you can:

*Transaction

• Trade perpetual contracts
• Use their bot/set limit orders

Black Panther

Black Panther is a self-custodial asset management protocol that delivers returns through automated compounding vaults and automated yield opportunities. The token is BLACK.

Black Panther offers algorithm-powered trading bots that allow users to deposit crypto assets into a vault and let the bot do the trading work to profit from yield opportunities in the DeFi market.

Advantages of Grid Trading Bot:

• Profit from volatility without predicting the direction of the market
• 24/7 passive trading, no constant monitoring required
• Manage risk by setting price ranges and receiving alerts

In the Black Panther dApp, an option labeled "Airdrop" can be found. When using Injective's mainnet, users have the opportunity to earn rewards when the BLACK token is launched.

Talis Protocol

Talis Protocol is a platform that connects artists, buyers, sellers, and print businesses within the NFT community. Talis Protocol solves many of the problems associated with NFTs, including valuation and utilizing NFTs as lending assets.

Artists can mint NFTs and produce xNFTs related to real-life print businesses. Customers who purchase the print version of the NFT buy an xNFT. These xNFTs are then transferred to the printing business to create physical products such as t-shirts and paintings.

Each physical product is verified by a digital receipt on the blockchain with a QR code (a type of QR code), 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. Helix, a DEX platform, recently launched TALIS. By trading Protocol Talis, users can earn on-chain rewards and participate in its NFT ecosystem.

Exotic Markets

Exotic Markets is a DeFi platform built on the Solana blockchain with the goal of becoming the most flexible structured product protocol, offering a wide range of yields and underlying foundations in the DeFi space.

There are 2 types of markets in Exotic Markets:

• Vault will interact with asset pools and run automated strategies to replicate certain earnings.
• Single Products will allow buyers and sellers of structured products to interact freely on an open, transparent platform.

The "robo-advisors" on the Exotic Markets platform also guide investors through the selection of products based on investment horizon, risk profile and market view. Position tokenization on the Serum Exchange adds liquidity to traditional illiquid products. Exotic Markets' native token, EXO, supports governance and fee reductions.

Exotic Markets successfully raised $5 million in a private placement round in 2022, co-led by Multicoin and Ascential Assets, with participation from Animoca Brands, Morningstar Ventures, and Solana Capital, among others.

Ninja Blaze

Ninja Blaze is a GameFi platform based on the Injective blockchain. Ninja Blaze is currently available on testnets, currently has a game in development called Jackpot, and is working on another PvP game called Roshambo Jackpot.

Jackpot games run on smart contracts, including fundraising, participation in games, sweepstakes, etc., all of which are blockchain-based, and the probability of winning for each player in the game depends on their deposit.

Ninja Blaze mentions the airdrop in the first quarter of 2024 in its roadmap.

There is news that Ninja Blaze has managed to raise $206 million. However, no official sources have been found to confirm this claim. Ninja Blaze also claims in the white paper that Infinite is their partner. However, I haven't seen any official announcements from Injective.

Ninja Blaze is currently participating in the Injective Illuminate Hackathon, an event supported by Google Cloud and co-hosted by DoraHacks.

Related Reading: Interview with Injective's Head of Growth in Asia: Why has it become the L1 dark horse in 2023?