What is Enjin? Things you need to know about Enjin token

• What is Enjin?
• Things you need to know about Enjin token
• Conclude

What is Enjin?

The concept of Enjin 

Enjin abbreviated as ENJ is a cryptocurrency and Blockchain platform specifically designed for the Game industry. Specifically, Enjin provides tools that allow Gamers or Game developers to easily create community Web sites, Game forums to buy and sell in-game items or characters from which to earn money. profit. 

Read more: Axie Infinity project development journey and AXS cryptocurrency .

Enjin is a Cryptocurrency and Blockchain Platform.

Enjin . project development team

Enjin is developed by many experienced professionals in the fields of software engineering, Blockchain technology, business and marketing. 

The development team of the Enjin project.

CEO – Maxim Blagov is a Creative Director with 15 years of experience in creativity, project management and UX design. Expert in concept and strategy development for large interactive apps, specializing in the video game industry.

CTO – Witek Radomski Co-Founder of Enjin. Witek has performed engineering supervision for Enjin for nearly a decade. He is the best in software design, security and testing. As the head of the Enjin Coin currency implementation and integration in this online gaming ecosystem.

Chief Engineer – Josh Woelfel is a perfectionist and a team leader with extensive, full experience in stack development. Specializing in react, PHP & JavaScript, he has developed numerous full-fledged applications that are used by millions of users on Enjin today. Pioneered the transition to the REACT platform.

Technical Lead – Vyacheslav Volkov is the Technical Lead for the C#, Objective-C and Java platforms. Vyacheslav directs the development of the Enjin Android and iOS apps. Proven ability to create complex and agile enterprise applications with optimized design and architecture.

The development process of the Enjin project and the Enjin token

In September 2017, the company completed the EJN token sale in the Presale and raised 12 million USD.

October 2017, ended the first ICO sale and raised $23 million.

Q4/2017, completing the smart contract, building its own e-wallet to be compatible with the operating mechanism of this cryptocurrency.

Q1/2018, find the Efinity attribute and develop it. Officially released e-wallets on iOS and Android platforms.

Q2/2018, public announcement of audit report of smart contract and release of Unity SDK and Minecraft Plugin.

In the third quarter of 2018, launching the feature to create your own store on the platform via Webstore Ecommerce.

Quarter 4/2018, completing all properties as promised. 

Features of Enjin

Enjin Free Website Builder

As mentioned above, this feature allows Gamers or Game developers to create a website completely free in the platform. The website will work as a group chat for clans, guilds in the Game or it can also be a small Fansite Game, etc., depending on the user's customization when creating the Website.

Enjin Free Website Builder.

Enjin Coin Token

The Enjin Coin token feature allows users to self-manage, exchange, and buy in-game assets thanks to smart contracts. All transactions will be recorded by the system and cannot be modified. This reduces the risk of fraud and also saves significant transaction costs.

Enjin Coin Token.

Native Mobile Apps

A mobile application that makes it easier for users to interact on the forum anytime, anywhere. This application supports both iOS and Android operating systems.

Enjin Native Mobile Apps.

Deep Game Integrations

This feature makes Plugins of Online Games compatible with the platform, increasing the number of participants.

Enjin Deep Game Integrations.

Web Store

Users from the Web Store feature can create an online store quickly and conveniently. The beautiful interface, fully optimized and integrated with many games make the Web Store one of Enjin's most loved features.

Enjin Web Store.

Pros and cons of Enjin

Advantage

Provides many useful features with very small transaction fees.

The development team has many years of experience, are the leading figures in the industry, always do their best to update and build and perfect the project every day.

Defect

The game market is considered a fertile land, but it also has an extremely high level of competition.

Things you need to know about Enjin token

Basic information about Enjin token

• Price: 1.32 USD (at the time of writing right June 10, 2021).
• Market capitalization: $1.3 billion.
• Total supply: 2.2 billion.
• Ranking position on CoinMarketCap: 74.

Functions of Enjin token

Currency function : ENJ is used as a common currency to buy and sell items in Enjin's ecosystem, including all Games designed on their platform. All virtual assets of different Games can be converted into ENJ and vice versa.

Administration function : ENJ can also be used to pay service fees when you want to release a Game, item or currency used in that Game.

Enjin Token Allocation

• 73% of tokens sold to investors.
• 10% for the Enjin token team.
• 10% for Advisors.
• 7% for Marketing and Partnership activities.

Enjin token allocation.

Instructions for using Enjin token

Guide to owning Enjin token

There are three ways to own Enjin tokens:

• Buy Enjin tokens directly from the exchange.
• Become a developer on Enjin's platform to receive rewards.
• Join the Bounty Program of the Games.

Instructions for storing Enjin tokens

Enjin (ENJ) is an ERC20 token, so token holders have a wide choice of where to store ENJ.

Popular Enjin token (ENJ) online wallets are MyEtherWallet, Trust Wallet .

The Ledger Nano S hardware wallet is a safe bet.

The official Enjin wallet on the platform. This wallet is fully available for mobile devices running Android and iOS operating systems. In addition to ENJ, you can also store BTC, ETH, LTC, as well as all ERC20, ERC721 and ERC1155 tokens.

The exchange's wallet has listed Enjin and supports trading.

Exchanges that support trading Enjin tokens

Currently Enjin token is being traded on many exchanges including: Binance , Kucoin, Upbit, Bkex, Bithumb, HitBTC.

Conclude

From the beginning of 2020 until now, Enjin token has experienced quite strong price increases. In January 2021, ENJ experienced an amazing 400% growth (from $0.13 to $0.50). Game is a very potential market and has many growth opportunities in the future. However, there is no project without potential risks. After understanding the Enjin project you can continue to research whether it is really suitable for you or not.

Note: This article is for informational purposes only and should not be considered investment advice. Cryptocurrency investment is a form of risky investment, you only participate with the amount of capital that can be lost.