Enjin Coin is a unique cryptocurrency and blockchain platform designed for the gaming industry. This platform has supported over 2 billion NFTs, a huge number in the cryptocurrency world.
Are you interested in the information surrounding Enjin Coin? If so, please don’t hesitate to follow upcoming content from AZcoin!
What is Enjin?
To begin, let’s briefly talk about the name Enjin. It is a blockchain platform that allows developers to build digital game products and decentralized applications (dApps). This platform was developed by a company of the same name, specializing in blockchain and gaming technology.
Since Enjin was developed for the digital gaming and decentralized application sectors, it primarily provides tools and resources that developers can use to create their blockchain-integrated game websites, virtual stores, and game-related products.
Additionally, Enjin enables the creation of decentralized tokens, allowing businesses and individuals to develop their tokens for use in various projects. These assets are then based on Ethereum to store information about digital assets, transactions, and smart contracts, facilitating the management of in-game assets.
How does Enjin work?
The Enjin platform operates on Ethereum blockchain technology and uses the ERC-1155 token standard to represent digital products such as games, interactive content, or other virtual assets. These tokens can be distributed and managed by developers or users through smart contracts programmed on the Ethereum blockchain.
Additionally, Enjin offers developers a range of tools and APIs to help them create applications, games, and digital experiences using Enjin’s ERC-1155 tokens.
When digital products are created on Enjin, they can be traded on the Enjin Marketplace, where users can buy, sell, and exchange digital products using ERC-1155 tokens.
What’s special about Enjin?
Here are the most notable features of the Enjin platform:
- Wallet: The platform supports the storage of popular assets as well as NFTs following the ERC-721 and ERC-1155 standards.
- Large community: Enjin is widely accepted, demonstrating the platform’s strong growth potential in the future.
- In-game item creation: The platform allows users to create, manage, and destroy in-game items with the support of Enjin Coin. Users can use Enjin Coin as collateral to issue specialized tokens, unique items, and developer-exclusive tokens.
- SDK and API: The Enjin team has developed several software development kits (SDKs) focused on wallets and trading platforms, simplifying the creation of virtual items and reducing both costs and implementation difficulties.
- JumpNet: A scaling solution for the Ethereum platform that enables users to easily transfer NFTs between Ethereum and Enjin.
What is Enjin Coin?
Enjin Coin is a token based on the ERC-20 standard and is the official base token of the Enjin platform with many different uses.
Specifications
- Token Name: Enjin Coin
- Ticker: ENJ
- Contract: 0xf629cbd94d3791c9250152bd8dfbdf380e2a3b9c
- Blockchain: Ethereum
- Token Standard: ERC-20, ERC1155.
- Token Type: Utility Token
- Total Supply: 1.000.000.000 ENJ
- Circulating Supply: 929.343.633 ENJ
Distribution rate
Currently Enjin Coin is being allocated according to the following ratio:
- Token Sale: 73%
- Enjin Team: 10%
- Advisors: 10%
- Marketing & Partners: 7%
Enjin Coin Use Cases
Enjin Coin is currently used to mint in-game assets, currencies, and privilege tokens from the platform and can be converted back at the original exchange rate.
Besides, if you are a developer and want to release games, items, currency,… to use in your game, you need to pay the fee with Enjin Coin.
How to own Enjin Coin?
If you want to own Enjin Coin, you can become a developer on Enjin’s platform to redeem rewards or participate in Bounty Programs.
In addition, you can also trade Enjin Coin directly through exchanges, the best crypto exchanges we recommend for you are Binance, Kucoin, Upbit, Bkexm,…
Where should Enjin Coin be stored?
If you are looking for a place to store Enjin Coin, you can use the wallet directly from the exchange or through other wallets such as Myetherwallet, Metamask, Mycrypto,…
Conclusion
So we have come to the end of all the interesting content surrounding Enjin Coin and the platform it belongs to. Hope you enjoy this content and see you again in new content from AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
