Injective collaborates with DojoSwap to launch the CW20-Reflection token standard
On March 6, Injective Labs announced that it would cooperate with DojoSwap to launch the industry's first CW20-Reflection token standard, aiming to provide developers with a more flexible way to create tokens, thereby promoting the development of various applications. The standard allows for the development of new types of tokens, such as customizable parametric tokens that allow protocol fees to be shared with users. The CW20-Reflection token standard supports two modes: pure tax tokens and Reflection tokens, provides transfer taxes and other customizable tax parameters, promotes the creation of new financial derivatives, and is expected to accelerate the development process of DeFi applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Warning of AI credit risk, Moody's: The off-balance sheet commitments of the five major US giants have increased eightfold in three years, soaring to $2.8 trillion.
According to a report by Moody’s Ratings, the five companies Amazon, Microsoft, Google, Meta, and Oracle collectively bear about $2.8 trillion in off-balance-sheet obligations related to AI. Among these, lease commitments exceed $1 trillion, purchase commitments total $1.57 trillion, and guarantees amount to $137 billion. This figure represents explosive growth compared to $350 billion in 2023. Moody’s analysts noted that the pace of growth for these commitments is even more noteworthy.