Enjin Coin transforms gaming by providing real-world value to in-game assets through direct backing with its cryptocurrency. More
| Fully Diluted Valuation | $130.21M |
|---|---|
| 24H Trading Volume | $13.46M |
| 24H Low / High | $0.07 / $ 0.07 |
| Circulating Supply | 1.87 B |
| Total Supply | 1.91 B |
| Max Supply | 0.00 |
| Categories | Entertainment 9 more |
|---|---|
| Founder | Enjin Company Maxim Blagov 1 more |
| Website | enjin.io Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Etherscan 6 more |
| Contracts |
0xf62....a3b9c
2 more
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| Name | Pair | OG Score |
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Enjin is a pioneering company in the gaming industry, founded in 2009, that has evolved into a blockchain-based ecosystem. Their flagship project, Enjin Coin (ENJ), utilizes an ERC-20 token on the Ethereum blockchain to back digital assets like NFTs. Enjin offers a suite of tools, including a marketplace and wallet, enabling users to seamlessly create, trade, and monetize blockchain assets within the gaming space.
Enjin's Vision and Foundation:
Enjin's journey began with the vision of creating an interconnected, blockchain-based gaming ecosystem. Founded by Maxim Blagov and Witek Radomski, the company initially introduced the Enjin Network, a social gaming platform that garnered 20 million users over a decade. The turning point came in 2017 when Enjin embraced blockchain technology, leading to the creation of Enjin Coin (ENJ).
Unique Features of Enjin Coin (ENJ):
Enjin Coin (ENJ) stands out in the crypto space due to its unique approach. Every token minted on the Enjin Platform is directly backed by ENJ, providing in-game items with real-world liquidity. This ERC-20 token, launched on the Ethereum mainnet in June 2018, is the digital store of value used to back blockchain assets, especially NFTs.
Key Features and Benefits:
The Enjin ecosystem offers a suite of tools, including a marketplace, wallet, and developer platform, making it easy for users to create, trade, and monetize blockchain assets. ENJ's integration ensures benefits like reserve value infusion, transparency, scarcity, instant liquidity, utility in games and apps, and anti-inflationary measures. Enjin's innovative "melting" functionality allows users to destroy blockchain assets to retrieve the ENJ value within.
Founders' Vision and Expertise:
Maxim Blagov, Enjin's CEO, brings expertise in creative direction, marketing, and software project management. Co-founder Witek Radomski, also the author of the ERC-1155 Ethereum token standard, played a pivotal role in integrating blockchain into Enjin's offerings.
Enjin Coin (ENJ) in Circulation:
With a fixed maximum supply of 1 billion tokens, Enjin Coin (ENJ) had its presale in September 2017, followed by an ICO in October 2017. The team strategically allocated tokens for community initiatives, marketing, and team members. As the ecosystem grows, the circulating supply adjusts based on the ENJ locked into in-game assets.
Security Measures:
Enjin Coin (ENJ), as an ERC-20 token on the Ethereum blockchain, leverages Ethereum's proof-of-stake consensus algorithm for transaction validation. Multiple audits ensure the security of underlying smart contracts, contributing to user trust and confidence. A bug bounty program, launched in October 2020, further enhances security through community collaboration.
Enjin's Impact on NFTs and Gaming:
Enjin Coin (ENJ)'s influence extends beyond its tokenomics. Enjin provides an end-to-end solution for NFT creation, distribution, and integration into decentralized applications. The Enjin Marketplace and Enjin Blockchain Wallet empower users to engage in the NFT space seamlessly.
Looking Ahead:
Enjin's journey continues with a focus on NFTs and gaming. The platform's commitment to environmental sustainability, demonstrated through initiatives like JumpNet going carbon-negative, reflects a forward-thinking approach. As Enjin explores innovative solutions, it remains a key player in shaping the future of blockchain gaming and digital collectibles.
Conclusion:
Enjin Coin (ENJ)'s one-year anniversary signifies not just a milestone but a testament to the transformative power of blockchain in gaming. With a solid foundation, visionary leadership, and a commitment to innovation, Enjin is set to continue pushing the boundaries of what's possible in the evolving landscape of NFTs and blockchain gaming.
Enjin Coin (ENJ) stands out for directly backing every token minted on its platform with ENJ, providing real-world liquidity to in-game items and digital collectibles. Its innovative "melting" functionality allows users to retrieve the ENJ value from destroyed blockchain assets.
Enjin was founded by Maxim Blagov and Witek Radomski. Maxim Blagov serves as CEO, bringing expertise in creative direction and marketing, while Witek Radomski, the company's CTO, is also the author of the ERC-1155 Ethereum token standard, playing a key role in integrating blockchain into Enjin's offerings.
The presale and ICO events in 2017 attracted early investors, with strategic allocations for community initiatives, marketing, and team members. Specific backers or investors beyond the initial fundraising events are not detailed in the provided information.
You can buy Enjin Coin (ENJ) on Binance, Gate.io, BitgetMEXCBybit cryptocurrency exchanges.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
