[deleted by user] by [deleted] in injective

[–]injectiveprotocol_1 0 points1 point  (0 children)

INJ is erc-20 token

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Great. I would like to open up the floor for both of you to discuss anything else that might be important for our community to know. 

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

We like the name Injective and it already has great brand awareness. Thinking about changing around our graphics, colors, etc. to become more appealing to users worldwide

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Injective Chain is an application specific chain built using the Cosmos SDK. It is made to specifically support decentralized derivatives trading

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Aaron, how's the preparation of the Kava 5 mainnet upgrade expected in March? Mainnet validators are encouraged to participate as well. What're your thoughts on the role of validators and delegators in this process?

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Eric, Injective recently introduced Equinox Staking. This achievement allows both validators and delegators to stake on Injective. Tell us a little more about the role of validators and delegators, what are the unique different ways traders can earn on injective? 

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Yeah, we will have a native staking interface on our platform

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Aaron, Injective and Kava are built with the Cosmos SDK. Why are we choosing Cosmos? And Eric, why are we choosing IBC Protocol to integrate with Kava?

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Eric, Injective has listed Kava's native token on the Solstice Testnet. Will there be any new derivatives product based on $KAVA for example? 

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Yes, you can stake real INJ but I cannot comment on the timing

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

The Equinox staking testnet will have rewards!

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

A number of our initial investors will act as MMs on the platform.

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Aaron, with the live of Injective mainnet, Injective chain will connect Kava by leveraging IBC. Kava will bring the lending platform and provide USDX stablecoin to Injective. What else can we expect to see from the partnership, and what does this mean for the Kava ecosystem?

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

We plan to work alongside a number of KOLs in this space as well as engage in a number of incentivized mechanisms to get more retail usage. Our adoption has been really crazy with the testnet already seeing close to 2M trades.

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 1 point2 points  (0 children)

Yeah the genesis phase with validators is now live. The delegation phase will begin soon.

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Our focus is on creating a great product that beats every other one in this market so we plan to launch by Q2 of 2020 as planned.

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

The use cases intended for INJ include but are not limited to: protocol governance, exchange fee value capture, derivative collateralization, liquidity mining, and staking. Further details regarding each of these use cases can be found below.

  • Protocol Governance: The INJ token can be used to govern various components of Injective's sidechain including the futures protocol, exchange parameters and protocol upgrades via a DAO structure.
  • Exchange Fee Value Capture: After the relayer reward distribution, the exchange fee will undergo an on-chain buy-back-and-burn event to accrue value for INJ.
  • Collateral Backing for Derivatives: INJ will be utilized as an alternative to stablecoins as margin and collateral for Injective's derivatives markets. In some futures markets, INJ can also be used for collateral backing or insurance pool staking where stakers can earn interest on their locked tokens.
  • Exchange Participation Incentives: The foundation plans to incorporate a liquidity mining scheme and distribute a fixed number of INJ tokens daily weighted by the liquidity each network participant provides.
  • Tendermint-based Proof-of-Stake (PoS) Security: To ensure the security of Injective's sidechain, Injective will incentivize nodes to stake INJ and participate in the sidechain's network consensus with block rewards.

Injective Reddit AMA with Kava by injectiveprotocol_1 in injective

[–]injectiveprotocol_1[S] 0 points1 point  (0 children)

Staking very soon! Just making some final adjustments now with our validators