If you want to move around and discover the metaverse, then Enjin can be a great option. ENJ is created to assist managing your NFTs, tokens and coins. With the Enjin wallet, you can stake and scan codes to claim free NFTs or find PTO games.
Briefly about Enjin Coin
ENJ, as a comprehensive decentralised platform, allows users to generate digital assets, store them on the Ethereum network, as well as embed them into games and applications. Enjin's portfolio of products, which includes Enjin Network, EnjinX, Enjin Wallet, and Efinity, accomplishes these goals among many. ENJ crypto provides a set of integrated solutions that make it simple for consumers, organisations, and developers to develop non-fungible tokens also referred to as NFTs.
NFTs that you can integrate.CryptoLists.com
ENJ is one of the most popular tokens for gaming. With more games implementing it, Enjin might be even more important over time.
Utility of Enjin Coin?
What makes Enjin so appealing? Enjin is a comprehensive ecosystem of goods that enables the development, distribution, storage, trading, and even integration of blockchain-enabled digital assets.
Take a quick look at the elements that have fueled Enjin's rapid growth;
Its online trading platform with millions of smart items enables users to explore, purchase, and trade unique and distinctive blockchain resources.
Digital products generation and monitoring: the Enjin project's primary feature is the capability for users to develop and manage virtual items.
Developers may create their cryptocurrencies supported by Enjin, which simplifies the process of integrating cryptocurrencies into the gaming sector and gamification in general. Provides a technique for transcating digital resorces that allow developers to transmit thousands of NFT to consumers with a quick QR code scan.
Provides a smart wallet for blockchain valuables that integrates smoothly with games and applications. Enjin founders are working on a new Ethereum scaling solution that will allow both ERC-1155 and ERC-20 token transactions to be quick and more affordable.
Enjin Coin Price detailsERC20 Contract address: 0xf629cbd94d3791c9250152bd8dfbdf380e2a3b9c
›› ENJ tokenomics and social media
Advantages at Enjin Coin+ A simple and fun way to explore the Metaverse.
+ Superfast transactions for NFTs.
+ Enjin token enables scanning of codes to claim free NFTs.
+ Discover, buy, sell and stake one of a kind NFTs.
Disadvantages- Transactions costs are rather high since it's built on ERC-20.
- NFT prices might be overvalued and go down in value.
- Might never allow in-game purchases.
Costs▪ Rated at 4/10
Enjin is built on ERC-20, the same chain as Ethereum, which currently makes the fee rather high. It's not uncommon to pay 80 dollar for a transaction during peak hours. While other types of fees are low, the ETH-20 network makes the costs rather high for ENJ.
Reputation and Buzz▪ Reputation rated at 10/10
▪ Buzz rated at 10/10
The Enjin token is famous among NFT savvy individuals and has become one of the most popular alternatives in the industry. The reputation is very strong and the buzz keeps growing for every day.
What blockchain does Enjin use?
Ethereum's blockchain. ENJ cryptocurrency was amidst the first initiatives to put to test the Raiden Network, Ethereum's implementation of the Lightning Network, prior to settling on a proprietary scaling solution termed Efinity.
Enjin Token is an Ethereum-based ERC20 token, which implies that the project supports not just transactions but also smart contracts. The transfer speed of ERC20 is between a few and tens of minutes.
Enjin Coin is unusual in that any token created on the Enjin System is backed solely by Enjin, the network's local token. It effectively provides real-world stability for in-game products, facilitating crypto-fueled and game-based real-world networks.
What is the highest value Enjin Coin ever had?
Enjin coin hit an all-time high of $4.4990 on 11th November 2021
What is Enjin’s Coin future?
Enjin currently has a substantial user base. Its success is directly related to the widespread use of the metaverse and NFTs. All of these concepts continue to win the cryptocurrency industry, which should ensure continued adoption for the ENJ token and Enjin platform. With various operational goods - such as its mobile wallet - now accessible, ENJ seems to be a coin capable of a higher ranking in the near future.
When did ENJ have their ICO?
The project completed an ICO (initial coin offering) the 3rd of November 2017, generating around $18.9 million. The Enjin was live launched shortly after, in 2018.