Enjin Coin (ENJ)

Last Updated 24/09/2021

What is Enjin Coin (ENJ)?

Established in Singapore and founded in 2009, the Enjin network is a community gaming platform that provides the framework for enabling online niche communities to connect. The services include website-building tools, gaming forum models with mobile integration, and social profiles.

From leading blockchain games to corporate engagement campaigns, the Enjin Ecosystem powers and enables millions globally to securely manage and store their digital assets. Enjin Coin (ENJ) is an Ethereum-based cryptocurrency that has the purpose of directly backing the value of next-gen non-fungible tokens (NFTs). As of today, two billion NFTs are powered by Enjin Coin, of which a process called minting enables Enjin coin to be infused into these NFTs. Each NFT will then have a minimum value based on the volume of Enjin coin installed into it. However, this process is reversible in that every NFT produced like this can be melted back into coin. Due to the fact that the NFTs produced through the use of Enjin Coin are stored on the blockchain, in-game items can be stored on a wallet on your mobile and transferred between different blockchain-designed games, making them very powerful.

For developers, Enjin offers the ability to innovate and build unbounded games. In the nature of virtual landscapes, blockchain technology has become fundamental evolution when synchronised with gaming. Digital Assets created through the usage of Enjin Coin can now be truly owned by gamers and traded without cost.

Enjin Coin (ENJ) Ecosystem Cycle

Acquisition – Developers Buy/Are Rewarded with Enjin Coin (Raw material for everything in the Ecosystem). In order to start constructing, developers will require three things: A Trusted Platform, A Developer Wallet linked to their Admin Identity, and a substantial volume of Enjin Coin.

Minting – Developers Design game tokens infused by Enjin Coin. Enjin Coin acts as the raw material for the tokens produced, with each token being able to have a specific volume produced as well as a specific number of Enjin Coins imbued per Token. Once minted, these NFTs become real items on the blockchain.

Gaming – Players Acquire tokens and use them for a variety of functions. Gamers can then buy these Enjin-backed Tokens from developers or other players, or the tokens can be earnt through in-game reward schemes.

Trading – Players Trade tokens amongst each other. Due to the secure nature of blockchain technology, gamers can safely keep their digital assets in the Enjin Wallet and can further trade these items peer-to-peer or via a marketplace.

Melting – Players can Recycle unwanted tokens back into Enjin Coin. The Enjin Coin can then be used in different games or can be converted to an alternative crypto or fiat currency. 50% of the tokens melted will be disposable to the player in Enjin Coin (ENJ), whereas the other 50% will be sent to the developer.

For further details to see how this could be implemented into a real gaming process, please click here.

Team

Enjin was created in 2009 by co-founders Maxim Blagov and Witek Radomski. The team is currently distributed across five continents and a dozen countries, unified by their quest to create better NFTs for everyone. Enjin Coin is trusted by many major, and as claimed by developers ‘forward-thinking’ companies such as: Samsung, Microsoft, Atari and more.

Team Members

Maxim Blagov – CEO – Co-Founder & Creative Director at Enjin. Blagov has 18 years of expertise in creative direction, software project management, marketing, and software design. He is a visionary for large interactive applications and specialises in the Video Gaming and Blockchain Industry, a combination of factors that has helped Enjin Coin prosper.

Witek Radomski – CTO – Co-Founder at Enjin. Radomski has 12 years’ experience working at Enjin and would’ve furthered his knowledge in regard to the Gaming Industry and Blockchain Technology along the way. Radomski focuses highly on both software design and security and testing, and using this, leads Enjin Coin development, implementation, and integration.

Josh Woelfel – Full Stack Engineer. Woelfel is an experienced full-stack developer who is passionate in using complex web applications to create the best, most sustainable business solutions. During his time at Enjin, he has become the Lead Web Software Engineer and with this, directs the team for the company’s Blockchain Wallet API.

Advisors

Ryan Lackey – Security Technology Advisor. Lackey is a security and start up expert, who in his roles in technical management, has gathered experience in multiple testing environments. Some of lackey’s specialities include: Cryptography and data security, mobile applications, privacy, and many more.

Frederick Heartline – Production Professional with experience in technology. Currently, Heartline is involved in the development of smart technology as a way to exercise his instinct for optimisation, communication, and fact-finding. Heartline always looks to add value to any development or community in which he is a part of which will have helped Enjin Coin’s success.

Roadmap

2018

Enjin Explorer – EnjinX (Development)

2019 – First Half

Enjin Wallet: Token Swap update (Development)
Partnership with Samsung (Partnership)
Enjin Platform Testnet Launch (Development)
EnjinX: ERC-1155 Support (Development)
Enjin Wallet: Binance Chain Support (Development)
Enjin Wallet DApp Browser (Development)
ERC-1155 Adopted as Official Ethereum Token Standard (Development)

2019 – Second Half

Swiss Crypto Exchange – SCX (Listing)
New Website (Milestone)
Enjin Marketplace (Development)
Binance.US (Listing)

2020 – First Half

Enjin Multiverse Program (Milestone)
New forum (Milestone)
DAppReview Enjin ERC-1155 Tracker (Adoption)
Crypto Earn (Listing)
Crypto.com Exchange (Listing)
Crypto.com Soft Staking (Listing)

2020 – Second Half

Enjin Envoy Program (Milestone)
Enjin Wallet: Contacts Update (Development)
Blockchain.com Exchange (Listing)
CoinMarketCap NFTs (Adoption)
Free Platform (Milestone)
Enjin for Enterprise (Milestone)

2021

Enjin Wallet: Dogecoin Support (Development)
Huobi (Listing)
Efinity Private Sale: Sold Out (Milestone)
Efinity: NFT Blockchain on Polkadot (Milestone)
CryptoGames: VTuber NFTs (Partnership)
Kraken (Listing)

More information on Developments, Milestones, Partnerships, Investments, Events, Listings, Collaborations and Adoptions at Enjin can be found on the Enjin Website.

Where to store Enjin Coin (ENJ)

The Enjin Wallet is both secure and purpose-built for seamless crypto and NFT trading. The Enjin Blockchain Wallet allows users to reclaim their privacy with zero trackers, no annoying ads, and the full ownership of their private key. This wallet also includes a 12-word passphrase backup if your device with your wallet was to get lost or damaged in any particular way. This wallet also provides the ability to store ERC-20 tokens, ERC-721 & ERC-1155 NFTs as well as leading cryptos such as Bitcoin. Enjin also offers a unique feature to accept free blockchain gaming assets which is the ability to Scan QR Codes to claim them.

Exodus is another wallet we recommend for storing your cryptocurrency. Exodus does have the ability to store Enjin Coin (ENJ) and offers an easy-to-use interface. Exodus is an all-in-one desktop wallet which prominently dipslays addresses and balances ensuring that sending and receiving cryptoassets remains as easy as possible.

Where to Buy and Sell Enjin Coin (ENJ)

You can Buy and Sell Enjin Coin (ENJ) here at BC Bitcoin. You can Buy ENJ by heading over to the Buy Coins Page of our website. ENJ is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying ENJ has never been easier, simply place your order and provide your wallet address. Once your payment arrives, ENJ will be sent directly to your wallet.

If you choose to Sell Enjin Coin (ENJ), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins Page.

Enjin (ENJ) Resources

Website: https://enjin.io/

Enjin Documents: https://enjin.io/docs

Block Explorer: https://enjinx.io/

Twitter: https://twitter.com/enjin

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.