Enjin Coin

Overview of Enjin Coin

  • Enjin Coin price crashed 13% over the past 12 hours but found support around $2.37. On-chain metrics reveal opposing views for ENJ, hinting at a continuation of consolidation. The bullish thesis will face invalidation upon the breakdown of the demand barrier at $2.19.
  • Enjin Coin (ENJ) is an Ethereum token that has been designed to “make it easy for individuals, businesses, and brands to use non-fungible tokens (NFTs).” ENJ is used to “directly back the value of NFTs minted within the Enjin ecosystem,” the Coinbase team explained.
  • Enjin Coin was first made available for purchase during a presale event in September 2017 in which 400 million ENJ was sold for a total of 38,800 Ether (ETH), worth $12 million at the time, with another 100 million ENJ given away as bonuses.
  • Enjin coin is offered by Enjin, which is “the largest social gaming website platform in the world” with 19 million gamers, over 250,000 gaming communities, and reaching a ballpark of 60 million views per month globally.
  • Enjin Coin is celebrating a colossal win in the fiercely competitive world of gaming cryptocurrencies, having announced a partnership with the most significant game development platform in the world, Unity.
  • Enjin Coin is an ERC-20 token issued on the Ethereum blockchain, meaning that any on-chain ENJ transactions are validated and secured by the Ethereum network using a proof-of-work consensus algorithm.
  • Enjin Coin talks about offering crowdfunding incentives in the form of digital assets so that studios can cut back on overhead costs for physical items.
  • Enjin Coin, an Ethereum-based cryptocurrency, backs over 1B digital assets in games stored on a blockchain that can be traded and sold between users.
  • Enjin Coin price has been trading inside an uptrend for the past weeks, but still needs to climb above a key resistance level on the 4-hour chart.
  • Enjin Coin uses a series of smart contracts to which game developers send ENJ to mint new, unique fungible or nonfungible ERC-1155 tokens.

    • Blockchain

    Mine

    Yes, it is possible to mine Enjin Coin.

    Network

    The underlying smart contracts that power Enjin Coin have undergone several audits, including by Ethereum developer Matthew Di Ferrante in September 2017, smart-contract auditor and developer ZK Labs in early 2018, and Castillo Network in July 2019.

    Transactions

    Do I need to know how to code in order to create blockchain assets?

    Creating blockchain assets is done via a visual interface, so no coding is needed.Integrating those assets with your games does require coding.

    Do you Love Earning Money Smartly?

    Feed your Mind with Finance Building Ethics and Play Smart.

    Enjin Coin Price Prediction: Will ENJ Price Reach $10 By The End Of 2021?

    Enjin coin is the native token of the Enjin ecosystem which provides a blockchain based  interconnected gaming product.It is a virtual token based on the Ethereum network that allows the users to create websites and clans , chat and host virtual stores.

    How Can One Mint Custom Coins?

    Minting process for the creation of custom coins will be done via “Mint” smart contract feature which is to be made accessible via web, mobile and API-based user interfaces.

    How did Enjin Coin appear?

    Enjin Coin came in 2017, amidst an Initial Coin Offering (ICO) that raised as much as $18.9 million.

    How Do Enjin Smart Wallets Work?

    The Enjin Smart Wallet are supposed to help with linking all components of the platform’s ecosystem together.They provide backing for custom and virtual assets with the value of ENJ coin and are linked to the user’s Ethereum address.Since Enjin wallets are used as an interface for exchanging custom and Enjin coins, they play a key role in protecting the liquidity of the entire Enjin platform.

    How Is the Enjin Coin Network Secured?

    Enjin Coin is an ERC-20 token issued on the Ethereum blockchain, meaning that any on-chain ENJ transactions are validated and secured by the Ethereum network using a proof-of-work consensus algorithm.Miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

    How Many Enjin Coin (ENJ) Coins Are There in Circulation?

    Enjin Coin has a fixed maximum supply of 1 billion tokens.However, as the ecosystem grows and more ENJ is locked into in-game digital assets, the number of coins actually circulating will decrease.

    Is there an Enterprise plan?

    We offer custom plans for Enterprise customers.If your project requires customized services, hands-on support, or a large quantity of API calls, please contact us.

    What are the advantages of the Enjin Coin?

    Enjin Coin brings many advantages that come along with the use of a decentralized platform.Thus, the coin helps you buy all the essential items you need to make your gaming website exactly how you want it and allows you to do a decentralized payment with no third party involved.Enjin Coin also makes earnings and rewards automated on the Enjin platform, and transactions carry almost no commission fees.

    What are the features of the Enjin platform?

    Enjin platform has many functions and features.First of all, it is a blockchain Platform as a Service (PaaS) that allows creating and managing blockchain games without the need to build and maintain any blockchain infrastructure or write a blockchain-related code.In addition, it employs the Ethereum-based ERC-1155 token standard.In contrast to ERC-20 and ERC-721 standards that require the deployment of a new smart contract for each new “class” of tokens, ERC-1155 is far more flexible.It allows the governance of an infinite number of tokens by a single smart contract, and these tokens can be both fungible and non-fungible.

    What is Efinity Network?

    Back in 2018, Enjin platform announced the creation of the Efinity network as its response to the scaling issues which are often mentioned in the context of the blockchain.It is described as the “Lightning Network Made for Gaming” and is based on the network of game channels which perform transactions between millions of players and game servers.It is planned for these channels to enable each game to perform a “nearly infinite” amount of transactions, at almost no cost and at previously unreachable speeds.In addition, these transactions will be both trustless and verifiable on the Ethereum blockchain.

    What Is Enjin Coin (ENJ)?

    Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products.Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

    What is Enjin Coin?

    Enjin is an ERC-20 token built on the Ethereum network.That means that the project not only brings the benefit of the blockchain to gaming, but also the benefits of smart contracts.

    What is Enjin Coin?

    Easily accessible, Enjin Coin (ENJ) is an altcoin that brings a simple solution into user games.It exchanges virtual products and other services to gamers, content makers and distributors, and the player society as a whole.

    What is Enjin Coin?

    Enjin is introducing Enjin Coin (“ENJ”), a new ERC20 token that gives communities, content creators, game servers and game publishers, an easy solution for implementing virtual goods and real value, into their gameplay and communities.

    What is Enjin Coin?

    Enjin Coin is a platform that uses blockchain technology for social gaming and virtual goods.

    What Is Enjin Coin?

    Made
    explicitly for the video gaming industry, Enjin token depends on
    Ethereum blockchain.Up until now, this project has already proved to
    be helpful for 20+ mln players from all over the world to make
    networks and discussions connected with their preferred computer
    games.There are more than 250 thousand networks made on its premise.

    What is Enjin Platform?

    Hosted by the Singapore-based company of the same name, the Enjin platform prides itself on serving the community of more than 20 million gamers.The majority of them are grouped into some 250,000 individual communities built around specific games.Working with large communities consisting of technologically-minded users prompted the Enjin team to consider creating a smart contract platform and an Ethereum-based token which would be focused on the needs of both players and developers within these communities.

    What Is the Enjin’s Ecosystem Made Of?

    The Enjin project aims to build an entire ecosystem consisting of components which should support the creation of a novel business and technological model in the gaming industry.

    What Makes Enjin Coin Unique?

    According to co-founder Radomski, Enjin Coin is unique in that every token minted with Enjin Platform, the company's blockchain asset development platform that launched in February 2020, is directly backed by ENJ, giving in-game items real-world liquidity.Similarly, Blagov has stated that the company is focused on adoption, saying he imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists.

    What makes Enjin Coin unique?

    Enjin Coin is unique in many ways.Enjin’s strong use case with an innate shortage of the ENJ token makes an excellent strategy for the entire project.Minting makes the coin special as well as it provides a direct backing of tokens on the platform.

    Where can I find the Platform documentation?

    You can read the documentation at docs.enjin.

    Where can I learn more about blockchain?

    You can check out our blog, our documentation and our help center.

    Where Can You Buy Enjin Coin (ENJ)?

    Enjin Coin can be purchased on cryptocurrency exchanges such as Binance, Bithumb, Uniswap (V2) and Balancer, among others.It can be traded against fiat currencies such as the U.S.dollar and the euro, cryptocurrencies such as Bitcoin and Ether, and stablecoins such as Tether (USDT) and USD Coin (USDC).It can be bought and sold on both spot and derivatives markets.

    Who Are the Founders of Enjin Coin?

    Enjin was founded as a gaming community platform in 2009 by Maxim Blagov and Witek Radomski, with Blagov becoming CEO and assuming responsibility for the creative direction of the company and Radomski serving as chief technical officer, responsible for the technical development of its products.Blagov has described himself as having experience in creative direction, marketing, and software project management and design.

    Why Enjin?

    We're changing the fundamental nature of virtual economies.

    History of Enjin Coin

  • In 2017 following an ICO that reportedly raised $18.9 million, Enjin has been building a suite of user-centric blockchain products that aims to enable anyone to create, manage, trade, store, explore, distribute, and integrate blockchain assets.