Enjin Coin It is currently based on Ethereum and its general motto is “makes NFTs easier for individuals, institutions and brands. The project’s native token is ENJ, an ERC-20 token.
The Enjin firm behind Enjin Coin actually has many different blockchain running the project. These projects include marketplaces, wallet applications and even developer tools, all of which are built around Enjin Coin. You can make purchases or transfers in these projects using ENJ.
What is Enjin Coin?
Enjin Coin, published by the company Enjin in 2017, works based on ERC-20. Therefore, you can use the token with Ethereum wallets. The project is evaluated differently, as there are many features that distinguish ENJ from other ERC-20 tokens.
Enjin was originally designed to work together with games and bring the gaming world together with the blockchain world. To be used in blockchain after this project ENJ token has been issued and transactions such as trading and NFT exchange can be carried out with this token. There is also the Enjin Marketplace, where such transactions can be carried out easily.
Enjin, on the other hand, is currently based in Singapore and develops its solutions for the project alone.
Highlights of ENJ Token
Enjin Coin differs from other ordinary tokens and, despite being Ethereum-based, is making significant efforts to maintain its own projects. The ENJ token can actually be traded like other tokens or used for profit. In contrast, ENJ’s focus is really only on the gaming world, NFTs and projects on its platform.
Items for sale on the Enjin marketplace can be used in games such as Lost Relics and Spirit Clash. You need ENJ to transfer items to other players.
The total supply of Enjin Coin is set at 1,000,000,000 and there are currently 896,399,955 ENJ tokens in circulation. Its market value is around $584,750.
How to Buy Enjin Coins?
Although Enjin Coin is not widely listed, it is on major exchanges. You can use exchanges such as Binance, Coinbase, KuCoin, FTX, Huobi Global, Gate.io, Kraken, Gemini, Bitstamp to buy ENJ.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.