Cyrptocurrency: Enjin Coin
Enjin is the largest online gaming community platform with over 250,000 gaming communities and 18.7 million registered players. Enjin Coin (ENJ) is a cryptocurrency that works on the Ethereum ecosystem and can be used on websites and gaming platforms. The Enjin team developed the ENJ coin entirely around the game.
In 2017, when cryptocurrencies and ICOs were popular, they produced Enjin Coin, a cryptocurrency that can be used on its platform and games, and raised about $ 19 million through the ICO. ENJIN Coin experienced an exciting increase in value in 2019. The ENJ coin, which was traded at 3.6 cents on February 24, 2019 increased its value by nearly 600 percent in two weeks and rose to 25 cents. The project entered the top 50. Enjin coin started to decline in 2022, falling to 69th place among all currencies in terms of transaction volume.
What does Enjin Coin do?
This currency is used within the social gaming platform Enjin Network, where players can create websites or groups, chat and participate in the stores for the sale of in-game virtual sales. This project has helped them build networks connected with video games preferred by more than 20 million players around the world. Established as a gaming platform, Enjin has reached over 20 million usage areas in a short time. Enjin’s blockchain network allows the accumulation, management, and exchange of crypto residues.
In-game virtual goods can exchange hands with a tangible money to enable a material transformation of the ENJ currency in the real world.
Advantages of Enjin Coin
Digital game players can also earn money on the Enjin platform. The Enjin blockchain network offers financial solutions beyond digital games. It offers a fast and secure infrastructure service for money and data transfers.
Coincheck, one of the largest stock exchanges in the country, was listed as Enjin Coin (ENJ) after receiving approval from the Financial Services Agency (FSA), Japan’s securities regulator.
Enjin is traded around 2.54 at the time of writing and is trading at 68th on CoinMarketCap.
Great support from Samsung to Coin
The most important development for Enjin coin was Samsung’s support for Enjin, a South Korean multinational group of companies. Samsung has launched the Galaxy S10 smartphone, adding a wallet feature for cryptocurrencies. Details of the wallet features were not specified at the time of release. However, it is known that a blockchain-based social media platform known as Comee will be supported on the platform as well as crypto currencies such as Bitcoin (BTC), Ethereum (ETH), Enjin (ENJ). After this news, Enjin Coin has increased by around 85% overnight.
It has also established partnerships with important brands in the field of gaming and technology, including names such as Unity and PC Gamer.
Where are Enjin Coins Used?
It is used to trade and exchange goods on the blockchain. Enjin coin provides a new virtual model for players and creators. Enjin is used as a decentralized platform for managing and trading virtual products.
Unlike its competitors, Enjin Coin has large communities of players that support the project for adoption in the market. The Enjin brand is also well known in game developers and the game world. It can be defined as a digital currency that can be used on different websites and online gaming platforms. It can also be easily converted into other digital objects such as game items or in-game gold.
There are many advantages that come with Enjin Coin, especially for those who run the Minecraft server. In addition to reducing the cost of running your server, Enjin plans to eliminate fraud, cut fees, and reduce time spent fighting chargebacks. The benefits aren’t just for those running the servers; It also spreads to players. The gold or rewards you accumulate during the game can be converted into Enjin Coin and can also be used for other games that support it.
Is Enjin Coin a Good Investment?
If you are looking for a cryptocurrency that can yield good returns, you may want to consider getting an ENJ. The online gaming market is growing day by day. But this should not be perceived as investment advice. We also know that cryptocurrencies are very risky by nature.
Which Games Use The ENJ Coin?
- – Dissolution.
- – 9Lives Arena.
- – Containment Corps.
- – Forgotten Artifacts.
- – ReBounce Game.
- – Bitcoin-Hodler.
- – War of Crypta.
- – ForestKnight
- – Kingdom Karnage
- – Space Misfists
- – Age of Rust
- – Tokenomics
- – Hololoot
Enjin Coin, operating on the Ethereum blockchain network, is an ERC-20 standard token. In other words, any ENJ transaction is verified and secured on the Ethereum network. Enjin Coin smart contracts have been audited by various circles, including Ethereum developers and Castillo Network.
How and Where to Buy ENJ Coin
Enjin Coin, which is included in many centralized or decentralized crypto money exchanges, can be accessed through popular trading platforms.
According to CoinMarketCap data, while the largest trading volume on a global scale is observed on Binance, Coinbase and KuCoin exchanges, it is also possible to get ENJ on decentralized platforms such as Uniswap and Balancer.