Enjin Coin (ENJ)

The exchange rate of one ENJ at 13:28 UTC is 0.3131$

Chart | Average rate

“Enjin Coin” is the utility token of the Enjin social gaming platform based on the Ethereum blockchain network. Its mission is to implement a token economy that allows all creators to monetize their content and games, and users to purchase certain features, be rewarded for progress in the form of tokens themselves, and create and purchase digital collectibles. Blockchain in a dynamically developing gaming industry has a chance for a very fast implementation.

Social gaming platform “Enjin” was established in 2009 in Singapore. It allows you to create thematic social forums, websites without CMS knowledge, gives developers the tools to create fast mobile applications for players, as well as ready-made solutions, including communication or fundraising from the community itself.

Currently, there are already more than 250,000 social groups and about twenty million registered users on the platform. It is popular especially in the Far East, mainly in Singapore and South Korea.

Smart contracts in ERC1155

A smart contract standard called “ERC1155” was developed by the Enjin project team and became available in June 2018. It was created to increase the functionality and reduce the cost of using tokens based on existing Ethereum standards. Smart contracts are the underlying standard for so-called exchangeable tokens, which means that they are a kind of universal unit of account that can be freely transferred between network users themselves.

However, the Ethereum ecosystem allows the use of ERC721 to create much more complex transfers, including so-called non-refundable or collectible transfers, each of which is unique. Tokens of this type are used, without limitation, in blockchain games, as digital collectibles or so-called “items”, or even for the tokenization of unique tangible items, such as works of art.

What is Enjin Coin actually used for?

Enjin Coin was created to combine the functionality of a player platform that has been in existence since 2009 with the capabilities provided by the blockchain technology itself and the tokens issued in it. Utility Enjin Coins are used in themselves, among other things, to create or, as the creators call it, “mint” digital tokens in the ERC1155 standard, which are not exchangeable. You can create your own token at the mobile application level without the need for programming knowledge.

What wallet is used for ENJ?

Enjin Coin is an Ethereum token in the most popular ERC20 standard, which means that it has a very wide selection of wallets for various operating systems and devices. In addition, the Enjin project itself is developing its own Enjin Wallet mobile application available for Android and iOS devices. The application also supports ERC20, ERC721 and its own ERC1155 standard. In addition, the Enjin Wallet is highly compatible with Bitcoin, Litecoin and Ethereum.

Enjin Coin rate and stock prices

The Enjin Coin token is currently listed on twenty-five cryptocurrency exchanges, with the largest volume being the Bithumb exchange in tandem with the Korean Won, which is not available to foreigners. Of the public exchanges, the highest trading liquidity for ENJ is available on the Binance exchange. About five percent of daily turnover comes from the next South Korean exchange, Upbit, which shows how popular Enjin Coin is in its home country.

In addition, ENJ is available on exchanges such as Bitifinex, HitBTC, and Bittrex. The only Polish cryptocurrency exchange with Enjin Coin in its offer is the newly created COXI platform, but it currently has zero liquidity for the instruments of ENJ itself.