Buy Enjin Coin Crypto - Current price is $0.710.

enjincoin Enjin Coin (ENJ)

$0.710
2.07% (24H)
Watch
Market CapVolumeAvailable Supply
$662,665,080.00 $92,549,564.00934,340,660 ENJ

Enjin Coin current price is $0.710 with a marketcap of $662,665,080.00. Its price is 2.07% up in last 24 hours.


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What Is Enjin Coin?

Since 2017, Enjin has enabled individuals and projects to construct their own NFTs, focusing on the gaming industry. Enjin is a full tokenization system with wide-ranging uses and has been designed from the ground up to offer a unique and user-friendly experience.

To provide its consumers with a robust suite of tools, the Enjin cryptocurrency project was developed as a comprehensive ecosystem. Enjin adopters are primarily focused on both gaming and corporate use cases, and they are leveraging the platform to produce digital assets that are backed by ENJ. This may be anything from art NFTs to digital coupons to products that can be utilized across a variety of video game titles and more.

How Does Enjin Coin Work?

Enjin Coin is an ERC20 coin that was created on the Ethereum blockchain. By way of its open API and software development kits, the Enjin platform offers a comprehensive set of capabilities (SDKs). Because users may build their own cryptocurrencies backed by the Enjin Coin, incorporating cryptocurrencies into the gaming sector is considerably easier than it would otherwise be.

There are more than 10 million digital products available on the Enjin marketplace, which enables users to explore, buy, sell, and trade uncommon and rare blockchain assets.

Who Is The Team Behind Enjin Coin?

It was launched in 2009 as a community gaming platform by Maxim Blagov, the business's CEO, and Witek Radomski, the company's CTO. Enjin is a for-profit company that began as a community gaming platform in 2009. Enjin launched an initial coin offering (ICO) in 2017, generating around $18.9 million in the process, and the platform became online in 2018.

Is It Possible To Stake ENJ?

Despite the fact that ENJ tokens may only be staked on third-party platforms like Aave and Bancor, it is feasible to make money by depositing ENJ tokens on defi protocols such as Aave and Bancor. However, although ENJ tokens cannot be physically staked, you may lock up your tokens on platforms that provide a payout in exchange for your tokens, a practice known as "Soft Staking."

Summary

Enjin is a unique platform in that it seeks to assign a real-world worth to every in-game or platform-based object it comes across. It has gained some traction and is gaining in popularity on a daily basis because of its distinctive approach.

Enjin is a tokenization platform that tokenizes the value of in-game assets for usage in the gaming and entertainment sectors. It is not just the gaming sector that Enjin is involved in as it is in many different partnerships around the world. One example is loyalty points that are being tokenized via cooperation with BMW, and these points may then be used to pay for things like gas, road tolls, and parking fines, or they can be exchanged for ENJ.

Another collaboration with the LABS Group is the tokenization of real estate, with fractionalized titles opening up a massive market for small and medium-sized businesses.

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