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Enjin Coin

Enjin Coin

ENJ
#295
$0.02694Down 1.53 percent($0.00)

Key Stats

Market Cap$53.84MDown 1.53 percent
Volume (24h)$4.07M
Fully Diluted Value$54.44M
Vol/Mkt Cap (24h)7.57%
Total Supply2.02B ENJ
Max Supply∞
Circulating Supply2.00B ENJ
Launch Date2017-10-02

Enjin Coin Information

Websites
enjin.ioWhitepaper
Block Explorers
enjin.subscan.io
Industries
Platform

Enjin Coin Price Converter

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Latest Enjin Coin News

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Enjin Launches Polkadot Parachain for NFTs and Gaming
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Enjin Launches Polkadot Parachain for NFTs and Gaming

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Ex Populus Raises $8.5M Amid Fears Web 3 Gaming Is Growing Frothy

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Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership

Enjin Coin Markets

View all
InstrumentExchangeBenchmark DataPrice24h Change
Enjin CoinUSDT logo
ENJ-USDT
ENJUSDT
binance logobinance
AA
0.02714USDT
-1.67%
Enjin CoinTRY logo
ENJ-TRY
ENJTRY
binance logobinance
AA
1.31TRY
-1.58%
Enjin CoinUSDT logo
ENJ-USDT
ENJ-USDT
okex logookex
A
0.02714USDT
-1.42%
Enjin CoinUSDT logo
ENJ-USDT
ENJ_USDT
whitebit logowhitebit
BB
0.02716USDT
-1.59%
Enjin CoinUSDT logo
ENJ-USDT
ENJUSDT
bybit logobybit
A
0.02716USDT
-1.52%

About Enjin Coin

Enjin Coin (ENJ), initially an ERC-20 token on the Ethereum blockchain, has migrated to Substrate to enhance its ecosystem with better scalability, interoperability, and customizability. This move bolsters ENJ's role in providing real value and ownership of in-game items and assets, supporting the Enjin platform's aim to revolutionize the gaming industry with blockchain technology.

Frequently Asked Questions

Enjin Coin (ENJ) is a digital asset and cryptocurrency originally developed on the Ethereum blockchain as an ERC-20 token. It has since migrated to Substrate, a blockchain framework that enables the creation of purpose-built blockchains for scalable and interoperable decentralized applications. This migration is aimed at leveraging Substrate's advanced features, such as improved scalability, interoperability, and customizability, to better serve the Enjin ecosystem—a platform that provides an interconnected, blockchain-based gaming network. ENJ serves as the foundational currency for virtual goods and assets across various video games and websites powered by the Enjin platform, underpinning the value of blockchain assets issued within the ecosystem.

Following its migration to Substrate, ENJ's use cases have been enhanced by the framework's features, including but not limited to:

Backing of Virtual Goods: Assets minted within the Enjin platform, such as in-game items or collectables, are backed by ENJ, ensuring their real-world liquidity and value. Enhanced Ownership & Trading: Gamers and content creators can truly own, manage, and trade their in-game items and other digital assets with greater efficiency and lower transaction costs compared to the previous Ethereum-based system. Game Development: Developers can utilize ENJ on Substrate to create and manage virtual goods and in-game currencies with enhanced scalability and interoperability options. Staking and Governance: The migration to Substrate may introduce new staking mechanisms and governance models, allowing users to participate more actively in the ecosystem's development and security.

Enjin Coin was created by Enjin, a company co-founded in 2009 by Maxim Blagov and Witek Radomski. Enjin initially focused on providing a gaming community platform before embracing blockchain technology to revolutionize the gaming industry.