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Buy Injective Protocol with a Credit Card

You can buy INJ for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Injective Protocol price dynamics and history, get some answers to your questions, and find some useful links to read more about what is INJ.


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Injective Protocol Live Price Chart

INJ price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.

What is Injective Protocol?

Injective Protocol is a decentralized derivatives exchange designed to facilitate borderless and decentralized financial markets. Launched in October 2020, the protocol operates on a highly interoperable smart contract platform based on CosmWasm, leveraging the Cosmos SDK and a Tendermint-based Proof-of-Stake (PoS) consensus mechanism.

Injective Protocol was founded by Eric Chen, Albert Chon, and Aman Bhutani. The founders envisioned Injective as a decentralized derivatives exchange built on advanced technology to offer a scalable and efficient solution for decentralized finance (DeFi) trading. Eric Chen serves as the CEO of Injective Protocol.

The platform is designed to provide users with the ability to trade various assets in a decentralized and permissionless manner. Injective Protocol utilizes the Cosmos SDK and operates on a Tendermint-based Proof-of-Stake (PoS) consensus mechanism, ensuring instant transaction finality and high performance.

At its core, Injective aims to provide a scalable and efficient solution for decentralized finance (DeFi) trading. It boasts advanced features such as on-chain order books, a matching engine for spot, perpetual, futures, and options markets, and resistance to Miner-Extractable Value (MEV) through batch auction order matching. Notably, it offers users the advantage of zero gas fees.

The platform implements mechanisms to resist Miner-Extractable Value (MEV) through frequent batch auction order matching, ensuring a secure trading environment. Zero gas fees enhance user accessibility, and a fee structure directs 60% of fees from decentralized applications (dApps) to an on-chain buy-back-and-burn auction, maintaining the deflationary nature of INJ.

Injective prioritizes interoperability, using the Inter-Blockchain Communication (IBC) protocol for connectivity with various layer-1 blockchains. This includes integration with networks like Polygon and Solana, with an upcoming Wormhole integration. Notably, Injective is designed for interoperability with Ethereum, making it the first within the Cosmos ecosystem to natively support Ethereum assets.

Smart contracts on Injective are implemented using CosmWasm, enabling multi-chain smart contract transactions. Injective is the sole blockchain capable of automatic smart contract execution, offering developers a unique tool for creating previously unattainable use cases. 

The INJ token holds authority over all aspects of Injective, overseeing even chain upgrades. Since the launch of its mainnet, the Injective community actively engaged in governance, with proposals undergoing a DAO governance vote. Further details on governance can be explored on the comprehensive governance page available [here](insert link).

Regarding the Protocol Fee Value Capture, a significant portion, precisely 60%, of fees generated from decentralized applications (dApps) are directed into an on-chain buy-back-and-burn auction. This strategic move is implemented to sustain the deflationary nature of the INJ token. Additional insights into the burn auction process can be accessed [here](insert link). Meanwhile, the remaining 40% of fees generated by users on dApps within the Injective ecosystem are allocated to incentivize new developers, thereby fostering a continuous influx of builders to the platform. This strategy contributes to the dynamic growth of the Injective ecosystem.

Injectives allow for the creation and trading of decentralized derivatives. Users can create and trade various types of financial instruments, such as futures and perpetual swaps.

Leveraging the Tendermint PoS consensus mechanism, INJ contributes to a 99% lower carbon footprint compared to traditional systems.

The native token of Injective Protocol is INJ. INJ serves various purposes within the ecosystem, including governance participation, network security through staking, and as a means of incentivizing users through mechanisms like liquidity mining. The protocol stands out for its interoperability, natively using the Inter-Blockchain Communication (IBC) protocol, making it highly compatible with various layer-1 blockchains, including Polygon, Solana, and Ethereum.

The total supply of the INJ token is 100,000,000 tokens and as of December 27, 2023, the circulating supply is 83,755,556 INJ. 

Injective's ecosystem comprises over 100 projects with a global community exceeding 150,000 members. Notable investors include Binance, Pantera Capital, Jump Crypto, and Mark Cuban.

INJ (Injective Protocol's native token) was traded on various cryptocurrency exchanges including Binance, KuCoin, Huobi, Gate.io., Uniswap, etc. 

The Average Fees on the Injective Protocol 

The average transaction fee is typically less than $0.01.

The INJ Token Wallets 

INJ (Injective Protocol's native token) is an ERC-20 token on the Ethereum blockchain. Therefore, any wallet that supports ERC-20 tokens can be used to store INJ. Here are some popular wallet options: MetaMask, MyEther Wallet, Ledger Nano S/X, Trezor, Trust Wallet, Exodus, etc. 

How to Buy INJ on SwapSpace


On this page, we put USD in the “You send” and INJ in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.

Buy Crypto Step 1

Fill in the “Enter the recipient address” field with the destination Injective Protocol address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.

Buy Crypto Step 2

At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.

Buy Crypto Step 3

After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.

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Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.

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Convert Fiat to Crypto Now

If you’re still just considering buying crypto with a credit or debit card, you can use the widget to play around with our cryptocurrency converter: just put in the amount of USD, EUR, or other fiat currency you're willing to spend and see how much INJ you can buy with it.

Frequently Asked Questions

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