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.