Injective Protocol IEO

About

Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized cross-chain derivatives trading and borderless DeFi. The platform supports a diverse array of derivative products such as CFDs, perpetual swaps and more. INJ is the native asset of Injective Protocol and is used across a diverse range of functions such as protocol governance similar to Yearn Finance (YFI) in which governance decisions are reached via a DAO structure, exchange fee value capture, derivative collateralization, liquidity mining, and staking.

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KEY FEATURES

Layer-2 decentralized derivatives trading: Injective is able to achieve unmatched trading speeds while charging zero gas fees for trading due to its novel layer-2 architecture.

Trade on any market: Injective allows anyone to create and trade on any derivative market (i.e. synthetic assets, crypto assets, etc.) of their choosing using only a price feed, thereby opening up limitless opportunities for trading on markets not found on other exchanges.

Cross-chain trading and yield generation: Injective is capable of supporting a diverse array of trading and yield generation across distinct layer-1 blockchain networks.

Community driven network governance: Injective’s network is governed by its decentralized community in which new listings or network changes are all voted on via a DAO structure.

Liquidity mining incentives: Injective’s community is able to capture value from the network via various liquidity mining programs that have been natively built onto the network to spur continued growth.

High Speed DEX: Injective brings an order of magnitude speedup by scaling trade execution and settlement on layer-2, while also providing traders with near-instant order cancellations using Injective’s decentralized trade execution coordinator.

Experienced Team: The Injective team comes from a strong pedigree with previous experience at prominent companies such as Open Zeppelin, Amazon, and a number of high performing hedge funds. The team has studied at elite institutions such as Stanford, and has managed to secure partnerships with top DeFi and blockchain networks such as Elrond, Kava, and Findora.

Community Support: Injective boasts a rapidly growing community cross its social channels that is currently more than 23,000 members strong.

IEO’s Details

GENERAL INFORMATION
IEO Platform:
Binance Launchpad
IEO Opening Date:
Oct 13th, 2020 12:00 am (UTC)
IEO Closing Date:
Oct 19th, 2020 12:00 am (UTC)

TOKEN DETAILS
Symbol:
INJ
Blockchain Type:
ERC20, BEP20
Role of Token:
Utility

Finance Information
Public Sale Hard Cap:
3 600 000 USD
Total Token Supply:
100 000 000 INJ
Tokens for Public Sale:
9 000 000 INJ (9.0000% of total token supply)
Public Sale Token Price:
1 INJ = 0.4 USD
Public Sale Vesting Period:
No lockup
Token Distribution
Within 15 days after the end of token sale
Accepted Currencies
BNB
Token Sale Format
Lottery
Max Number of Winning Lottery Tickets
18 000
Allocation Per Winning Ticket
200

Seed Sale Token Price
0.0833
Seed Sale Allocation
6000000
Seed Sale Allocation
7 month cliff, 1/3 vesting semi-annually

Lottery Timeline

2020/10/13 0:00 AM (UTC) to 2020/10/19 0:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 6-day period. Your final average daily BNB balance over these 6 days will determine the number of tickets that you will be able to claim.
2020/10/19 6:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period (ticket allocation and BNB holding rules). Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note that users will only be able to claim tickets once.
2020/10/20 6:00 AM (UTC): Ticket claim closes and the lottery draw begins.
2020/10/20 8:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from each winning users’ accounts. Please ensure you have sufficient BNB in your spot exchange account to be deducted within 24 hours if you have a winning ticket. Please note that BNB in open orders, margin accounts, lending products, sub-accounts, futures accounts, fiat accounts, Launchpool accounts, or card accounts will not be eligible to be deducted.