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INJ reaches a new high, taking stock of 5 projects that may have airdrop and development potential in the Injective ecosystem

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5 protocols worthy of attention in the Injective ecosystem cover application fields such as DEX, GameFi, and NFT.

Original author: andrew.moh

Original translation: Felix, PANews

Injective Protocol is the infrastructure framework for DeFi applications, enhancing multi-chain trading through perpetual, futures, and spot derivatives. Injective Protocol is built on the Ethereum and Cosmos blockchains to minimize gas costs.

Injective has grown significantly in the past year and has gained widespread recognition. The price of INJ has increased by over 2,700%, breaking through $42 to reach a new high. Although there has been some hype surrounding Injective in the market, the true potential of the chain has yet to be fully realized, and its ecosystem is still in its early stages, with some potential airdrop projects. Here are 5 projects in the Injective ecosystem with potential for airdrops and development, as listed by crypto KOL andrew.moh.

Helix

Helix is a DEX platform for trading cryptocurrencies and derivatives, as well as creating and running financial applications based on the Injective infrastructure. Helix allows for unlimited trading of cross-chain crypto assets and perpetual markets, and offers rebates.

The main features of Helix:

Decentralized order book.

·Rebate

Decentralized stop-loss limit order.

·On-chain matching

Although Helix has not officially confirmed the airdrop, the "Rewards" option on its website suggests a future airdrop. To qualify for the airdrop, you can:

·Trading

·Trade perpetual contracts

·Use their robots/set limit orders.

Black Panther

Black Panther is a self-managed asset management protocol that provides returns through automatic compound vaults and automatic revenue opportunities. The token is BLACK.

Black Panther provides algorithm-powered trading bots. Users can deposit their cryptocurrency assets into the vault and let the bots handle the trading, in order to profit from opportunities in the DeFi market.

The advantages of grid trading robots:

·Profit from volatility without predicting market direction

·24/7 passive trading, no need for continuous monitoring.

·Manage risk by setting price ranges and receiving alerts.

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

Talis Protocol

Talis Protocol is a platform that connects artists, buyers, sellers, and printing companies within the NFT community. Talis Protocol solves many issues related to NFTs, including valuation and utilizing NFTs as loan assets.

Artists can mint NFTs and produce xNFTs related to the printing business in real life. Customers who purchase NFT print editions are purchasing xNFTs. These xNFTs are then transferred to the printing business to create physical products such as t-shirts and paintings.

Each physical product is verified through a digital receipt with a QR code (a type of 2D barcode) on the blockchain, 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 of the Injective ecosystem. The DEX platform Helix recently launched TALIS. By trading the Talis Protocol, 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, aiming to become the most flexible structured product protocol and provide extensive returns and underlying foundations in the DeFi field.

Exotic Markets has two types of markets:

·Vault will interact with asset pools and run automated strategies to replicate certain returns.

·Single Products will allow buyers and sellers of structured products to freely interact on an open and transparent platform.

The "Robot Advisor" on the Exotic Markets platform will also guide investors in product selection based on investment period, risk status, and market views. Tokenizing positions on the Serum Exchange adds liquidity to traditional illiquid products. The native token of Exotic Markets, EXO, supports governance and fee reductions.

Exotic Markets successfully raised $5 million in a private placement in 2022, with Multicoin and Ascential Assets leading the round and Animoca Brands, Morningstar Ventures, and Solana Capital participating as well.