in Advertising A new publication was published today by the Binance platform, in which it announced the upcoming subscription on the Binance platform related to the “Injective Protocol” project and its digital currency “INJ”.

The subscription and BNB balance registration process will start tonight at 00.00 UTC (October 13) until 00.00 on October 19.

Project Injective Protocol and its digital currency INJ?

The “Injective Protocol” project is the first layer 2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives trading across blockchain networks.

The “Injective Protocol” project supports a variety of decentralized products and derivatives such as CFDs, perpetual swaps, and many different modern trading mechanisms.

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INJ is the original coin of the “Injective Protocol” project. The coin is used in a variety of functions such as the governance of the protocol similar to YFI in the “Yearn Finance” project, where governance decisions are reached via the DAO structure, and is also used to calculate the value of trading fees, and collateral. Derivative, liquidity mining, allotment and other uses.

The Injective Protocol allows users to:

• The possibility of trading decentralized derivatives across different networks and chains without gas fees.
• Access to ‘yield farming’ across chains and support for many assets.
• The possibility of creating and trading derivative markets, thus opening more opportunities for trading.

Subscription process details:

Project name and digital currency subscribed: The project’s digital currency stands for (INJ).

Financing and Subscription Objective: Raised $3.6 million.

Total cryptocurrency supply: 100,000,000 INJ.

Total cryptocurrencies allocated to the subscription process on Binance: 9,000,000 INJ (i.e. 9% of the total currency supply)

General selling price: 1 INJ equals $0.40 (price will be determined in BNB before withdrawal date).

Read:New scam scheme puts $200 million in Ethereum on the line

Selling method: Lottery and lottery.

Maximum number of winning lottery tickets: 18,000 tickets.

Share each winning ticket: $200 (500 INJ).

Draw entry schedule:

• 10/13/2020 0:00 a.m. (UTC) to 10/19/2020 0:00 a.m. (UTC): During this period, users’ BNB balances will be calculated in hourly snapshots for each day over 6 days, the average daily BNB balance during these 6 days will determine the number of tickets that can be claimed.
• 2019/10/19 6:00 AM (UTC): Ticket request will be opened at this time to all eligible users for 24 hours (ticket assignment and BNB retention rules), users must also sign the subscribing currency purchase agreement at the same time, before completing ticket claim (Users will be able to claim tickets once one only).
• 10/20/2020 6:00 a.m. (UTC): The ticket application closes and the lottery drawing begins.
• 10/20/2020 8:00 a.m. (UTC): The winning tickets will be announced and the respective BNB will be debited from the accounts of each winning user.

Please make sure you have enough BNB in ​​your instant wallet account to be debited within 24 hours if you have a winning ticket.

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Please note that BNBs in open orders, margin accounts, lending products, sub accounts, futures accounts, paper accounts, Launchpool accounts or card accounts will not be eligible to be debited for INJ.

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