Injective partners with DojoSwap to launch CW20-Reflection token standard

Injective Labs announced a partnership with DojoSwap to launch the industry's first CW20-Reflection token standard, aimed at providing developers with a more flexible way to create tokens and promote the development of various applications. This standard allows for the development of new types of tokens, such as customizable parameter tokens that allow for sharing of protocol fees with users. The CW20-Reflection token standard supports two modes: pure tax tokens and reflection tokens, providing transfer taxes and other customizable tax parameters, promoting the creation of new financial derivatives, and potentially accelerating the development process of DeFi applications.