What is Enjin (ENJ)?
In our blog we publish articles about new tokens recently added to CoinMetro platforms. Today, we’ll talk about Enjin (ENJ).
“Our mission is to bring fairness and purpose to gaming”. This is how the Enjin Manifesto starts. Quite a comprehensive definition, and it piques interest: why gaming and what fairness and purpose are we talking about? Let’s figure this out!
Enjin Ecosystem – How it Works
Enjin is an IT company, founded in 2009 and based in Singapore. The company has developed an all-in-one gaming social platform consisting of different products: Enjin Network, Enjin Wallet, Enjin Coin (ENJ), plus more. Enjin Coin, based on ERC20 protocol was released in 2017; with its help developers can create and manage virtual gaming goods.
The project aims to solve the main problems of the industry:
- Malicious players;
- Money-hungry corporations;
- Poor quality of game designs.
Both players and developers will get an open and secure market, possibility to earn by selling goods and rewards for different activities.
Advantages of Enjin Coin
ENJ has its benefits that can be used by different groups of users.
Gamers will be able to securely purchase, sell and exchange virtual goods with the help of the blockchain, use the market possibilities to the max and – exciting times – earn Enjin Coins while playing and communicating in groups or forums.
Game developers will get to work in the new environment free of scammers, launch decentralized projects without middlemen, use smart wallets allowing them to receive payments faster and easier. Developers will also appreciate transparent transactions with reports, low transaction fees, as well as open-source API’s and SDK’s.
Enjin Coins will let communities grow bigger and increase their activity. Crediting the rewards will be automated, which eventually will improve the gaming process and satisfaction of all the participants.
Last but not least: Enjin platform consists of over 250,000 gaming communities and 18.7 mln registered users – the project with such support base deserves attention.
The ENJ Stats You Need to Know
Total supply: 1,000,000,000 ENJ
Circulating Supply: 776,278,713 ENJ
Current Price*: €0.051
Current Market Cap: €39,988,348 (Rank*: 94)
ROI since launch: 136.23%
*Last updated: August 15, 2019
Why Trade ENJ with CoinMetro?
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