Enjin Coin (ENJ) - a cryptocurrency for gamers

The community of gamers, i.e. people playing computer games on consoles, is growing very rapidly. It was for them that the Enjin token was created, which makes it easier for game developers to make money on them, and for players to buy additional upgrades or characters in games and to use their full capabilities.

We continue our series of descriptions of the most popular cryptocurrencies in the world. Today is the time for Enjin Coin - the so-called utility token, which was created to facilitate gaming transactions for users from around the world. Computer games quickly cross borders, much faster than their creators are able to prepare new language versions and install software on them, which will allow you to freely invest in, for example, better equipment. This limitation has a negative impact on both sides. The creator of the game has a problem with monetizing his project, and players cannot take advantage of all the possibilities immediately. To prevent the problem of currency conversion and their availability, the entire Enjin community was created, the platform of which is based on the blockchain network Ethereum (ETH).

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The creator ... a Pole from Singapore

The Enjin gaming platform has been around since 2009, when it was created in Singapore by Pole, Witek Radomski. He is still its technology director to this day. It quickly became a huge success, gathering a community of over 20 million people who have already founded more than a quarter of a million social groups on it. Its idea is because the multithematic nature of mobile applications for players that are compatible with solutions that do not require knowledge of even the basics of programming. The idea is for gamers to be able to join groups, collect and transfer funds, play games or discuss games. It all merges Enjin Coin, automatically exchangeable for the largest cryptocurrencies: with Bitcoin, Litecoin or Ethereum. Thanks to this, transactions can be immediate and generally available.

Enjin Coin has a predetermined number of units, which will ultimately be exactly 1 billion. As at the last day of 2019, there were almost 785 million of them on the market.

Enjin Coin can become a token

Enjin Coin's innovative solution is the ability to replace it with other tokens, for example, invented solely for the needs of one game. Thanks to this, you can name them in any way you want, referring to the game, as well as through it. Interestingly, after the game ends, the token can return to its original form and become Enjin Coin again. The whole process is easy for people with no programming experience and maximally automated, which only encourages the use of such technology. It does not generate any additional costs.

No wonder Enjin raised funds for the platform's development in less than a month. From October 3 to October 31, 2017, the equivalent of $ 24 million for 40 percent was quickly obtained. tokens from the planned 1 billion units. 40% sold before public issue, 10 percent goes to testers and partners, and 10 percent separated among a team of programmers.

Enjin Coin (ENJ) Quotations

Currently, Enjin Coin tokens can be exchanged on 29 cryptocurrency exchanges. First of all, in pairs with Bitcoin, Ethereum and litecoin. On the last day of 2019, you had to pay USD 1 for 0,08 ENJ. This gave market capitalization of USD 66,6 million with nearly 785 million traded units. The peak of Enjin Coin listings was on 07.01.2018, when each unit was worth USD 0,49.