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Enjin Coin - the story of one cryptocurrency

2020-01-03

The Enjin Coin project began its start in 2017. The public ICO was held in October 2017 and raised $ 23 million. The founder is Maxim Blagov. Registered cryptocurrency in Singapore.

Enjin was founded back in 2009. In the stores of this company, multi-million dollar transactions are carried out daily. The Enjin CMS platform was proposed as a basis for the creation of cryptocurrency, on which at least 250,000 gaming websites operate. The company has established partnerships with PC Gamer, Unity, NRG eSport.

Enjin Coins roadmap is being successfully implemented according to the highlighted milestones in the market. The cryptocurrency is being promoted under the leadership of co-founder Anthony Diiorio and Pat LaBine (CTO of Bioware).

The ranks of consultants include:

Daniel He.
Frederik Heartline.
Ryan Lackey.
Robin Hanson.
In a short time of its existence, the Enjin Coin network has expanded and offers users various tools for creating Android, Unity, C #, PHP, iOS applications. A special wallet has been allocated for storing tokens, which can be run not only on a PC, but also on mobile platforms.

The introduction of blockchain into the assets of the gaming industry is a new trend in the digital economy. The Enjin Coin project not only quickly raised funds for its future existence, but also gained a wide audience of users. The growth rates of interest in cryptocurrencies and games are at the same stage, so their successful connection will be a kind of breakthrough.

About Enjin Coin project

The Enjin Coin cryptocurrency is used to buy virtual items. In the gaming area, it has become the most useful. The use of blockchain technology in games allows you to reduce commission fees and get rid of virtual fraudsters. The single token of the system is ENJ.

Enjin Coin is an interconnected system that includes games and communities. It is open source. The shell is completely decentralized, and all entries are recorded in the smart contract registry. No game currencies provide such privileges as ENJ coins.

The coin operates on the basis of the ERC-20 token pegged to Ethereum. Public access is provided through the SDK and API. Smart contracts are used to connect network blocks. SDK Enjin Coin is a decentralized payment gateway that stores a database of all payments.

The speed and reliability of gaming services is enhanced by the trusted Trusted Platform. It is automatically paired with Smart Wallet. Due to these tools, any operations with virtual goods are supported in the Enjin Coin cryptocurrency network. Each user can independently set transaction thresholds to discourage unwanted activity.

Enjin Coin cryptocurrency was one of the first projects to join the testing of the Raiden network. As soon as all verification activities are completed, an available opportunity will open up to process thousands of transactions instantly.

The Enjin Coin cryptocurrency is characterized by wide functionality:

smart wallet - not only coins are stored in it, but also virtual items (there is an option to block unwanted transactions);
payment gateway - facilitates payment transactions and contributes to their security;
virtual goods - you can create and distribute them in any community that is tied to a cryptocurrency platform;
Efinity network update - Designed to optimize scaling for faster transactions.
With the Enjin Coin platform, you can not only create virtual items, but also manage them. The use of blockchain will significantly improve the gaming landscape. Each incoming information is recorded in a single register and is easily transferred through smart contracts. You can exchange Enjin Coin coins at any time for goods or games of interest.

All actions in the Enjin Coin ecosystem are step by step:

purchase - through the official website or exchanges they buy the required number of tokens;
chasing - digital assets are introduced into games, and any object (weapons, game currency, swords, etc.) can be processed;
playground - players perform their usual actions, for which they can be credited with ENJ coins;
trade - it is worth storing tokens on reliable wallets from which funds are debited in exchange for virtual goods;
melting - if the items could not be sold, they are converted back into tokens or 50% of the cost is returned.
The benefits of using the Enjin Coin digital asset can be found both by players and entire gaming communities. Regardless of the chosen gaming platform, the integrity and liquidity of the cryptocurrency is preserved. As a reward, users receive ENJ coins, which can be traded, exchanged or simply stored.

Enjin Coin Features

Enjin Coin belongs to the first gaming cryptocurrency, easy to use. It offers a set of development tools that make it possible to make money on virtual instruments and create useful platforms.

Users on the Enjin Coin cryptocurrency platform can perform the following operations:

trade in game tools.
create virtual items.
support the development of useful applications.
trade in-game funds.
customize your store for custom coins.
convert game goods into tokens.
The Enjin Coin ecosystem consists of a unified infrastructure based on blockchain and smart contracts. The networks trade turnover is estimated at millions of dollars, since the system is used by about 20 million people.

The main task implemented by the Enjin Coin project is tokenize games. Open source software has allowed the rapid introduction of cryptocurrency into gaming communities. Tokens can be used to pay for both services and goods on the playground of interest. ENJ coins have become an alternative to fiat in the gaming industry - they do not lose their value, but they are successfully growing in value in the market.

Servers and gaming communities, virtual stores and social profiles can be built on the Enjin Coin platform. Cryptocurrency is open to creating new tokens and setting up gaming privileges. ENJ coins can be used as community rewards or seek value in the gaming space.

In the Enjin Coin network, you can create individual assets, use subscription services, participate in virtual store promotions, and influence the ratings of in-game items. The value of ENJ tokens increases with their active use.

To make transactions with game tokens, a special Enjin Wallet application was developed. Allows you to receive and send coins. The main digital asset is ENJ.

The developers are interested in the wide promotion of the Enjin Coin project. Thousands of transactions are made monthly in virtual stores, which contribute to the popularization of cryptocurrency. New incentive programs for players and programmers are emerging. ENJ tokens have shown positive dynamics in the market and have significantly separated from competitors - this was facilitated by the fruitful work of the team of creators.

How is Enjin Coin created?

The Enjin Coin cryptocurrency was issued immediately through the use of smart contracts. Mining is excluded. It is created by accumulating rewards in game accounts.

Official clients have been developed for both personal computers and mobile applications. The ENJ token can move freely between different gaming spaces, and you can get it by purchasing on exchanges.

Is Enjin Coin Infinite?

The Enjin Coin cryptocurrency is not endless. Its maximum number is limited to 1,000,000,000 ENJ. Despite this quality, the coin remains popular, and its rate in the market is growing steadily. About 80% of the coins are in circulation.

Strengths of Enjin Coin

Monetizing in the gaming space is a bold decision. The Enjin Coin platform was able to organize it using the blockchain. Its user base is growing every year, as the gaming industry does not stand still.

Decentralized applications powered by Enjin Coin have created an open and secure market for the gaming industry. Monetizing artifacts for players and developers is the next step. The ENJ token opens up great opportunities in the gaming economy.

Enjin Coin virtual currency has a number of advantages:

convenient smart wallet.
ease of customization and use of the platform.
conducting transparent transactions.
launching decentralized applications.
liquid trading in gaming goods.
open source toolkit.
software management of virtual goods.
earnings on games and communication.
no fraudulent activities and bots.
preservation of the value of goods.
Players have long dreamed of free trade in items. Users were equally interested in eliminating fraudulent activities. The Enjin Coin project team managed to implement this. Problems with scalability and complexity of game operations have faded into the background.

In the gaming economy, experts consider Enjin Coin a dream come true for investors. Cryptocurrency offers unusual solutions and has shown its ability to work with a huge market. The ecosystem is based on a powerful infrastructure: a payment platform, a secure wallet system, open source software.

The value of ENJ coins does not decrease when converted. Only when withdrawing to cryptocurrency exchanges is it worth paying a commission, but it is within acceptable limits. In any gaming space, the Enjin Coin cryptocurrency is a safe financial instrument. You can earn tokens or exchange them for virtual items, participate in voting, place bets.

Not only the individuals involved in the games, but also the developers can benefit from using the Enjin Coin platform. The system is able to solve a number of basic problems that are inherent in the modern gaming industry.

Enjin Coin in TOP currencies

Enjin Coin is in the top cryptocurrencies. Every day in the digital space, there are many transactions of exchange of these coins. They aroused the interest of both investors and fans of virtual assets. The capitalization of the token is growing rapidly, so experts predict positive dynamics.

The liquidity of the Enjin Coin cryptocurrency is steadily increasing. The ENJ token can be used as a marker in any game space. In the near future, the demand for these crypto coins will grow several times, as well as its market rate. Coins are bought by players, developers, traders. Collaboration with large partners such as Unity is successfully reflected in the market capitalization of the cryptocurrency.

Market competition and developer motivation are two driving factors behind the success of the Enjin Coin cryptocurrency. This representative of the digital economy has solved many problems in the gaming world. Users received not only the opportunity to earn money, but also the monetization of their virtual items. The good conditions of the ecosystem have definitely aroused interest among the players.

In the digital gaming economy, Enjin Coin cryptocurrency is at the forefront, but it still has a long way to go to stay in the final lead. It is distinguished by its nature by high volatility rates, so its rate cannot be predicted. In the future, ENJ coins can become the backbone of a large ecosystem with huge opportunities.

Fast user interfaces are needed in todays gaming economy. The Enjin Coin cryptocurrency was able to realize this. It embodied the benefits of blockchain and offered players real ownership. The developers continue to develop the project, filling the platform with many other useful features.