What is Enjin Coin (ENJ)?
Enjin Coin (ENJ
What is Enjin Coin (ENJ)?
Enjin Coin is a project of Enjin, an ecosystem services company. Connected blockchain gaming products Enjin's flagship offering is Enjin Network, a social gaming platform where users can create websites and groups, chat, and host virtual item stores.
Enjin allows game developers to create a token entry in the Ethereum Blockchain use Enjin Coin, a token ERC-20 for reserve assets issued by the digital platform. This means that items can be bought, sold and traded for real-world value.
Enjin Coin was first announced in July 2017 and launched on Ethereum mainnet in June 2018.
Enjin Coin (ENJ) stores the digital value in the book value of the assets blocked, such as a token that can not be changed (NFTs) all assets generated by the platform Enjin will ENJ a resource fishponds. It is locked in the NFT and removed from circulation. Building blockchain assets with ENJ offers creators and users a number of benefits:
- Packed with reserve values
- Ensure transparency and scarcity
- Provide liquidity to instances
- Provides utility in games and apps
- prevent inflation
- Enjin's "melt" function allows users to destroy blockchain assets at any time to extract ENJ values from within.
Enjin's blockchain ecosystem aims to offer software products that make it easy for anyone to develop, trade, monetize and market with blockchain.
Founded in 2009, Enjin has its roots in the gaming industry. The company's first product is a gaming community platform called Enjin Network, which has grown to 20 million users over the past decade.
In 2017, after the ICO, Enjin established itself as a leading blockchain ecosystem developer. It creates a suite of software products that make it easy for anyone to create, manage, trade, distribute, and integrate blockchain assets.
Enjin co-founder Witek Radomski wrote the code for one of the first non-compatible tokens (NFTs) and is also a co-author of the ERC-1155 Ethereum token standard.
Built on an on-chain infrastructure, the Enjin ecosystem allows game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and strategy. and monetization The Enjin ecosystem is powered by Enjin Coin (ENJ), a cryptocurrency used to underpin the value of blockchain assets.
Who is the founder of Enjin Coin?
Enjin was founded as a gaming community platform in 2009 by Maxim Blagov and Witek Radomski. Blagov became CEO and responsible for the company's creative direction, and Radomski served as Chief Technical Officer. Responsible for product technical development, Blagov says he has experience in creative direction, marketing, and software project management and design.
The idea of introducing blockchain to Enjin was first proposed by Radomski after he became interested in Bitcoin (BTC) in 2012, eventually believing that the company accepted it as a payment option. After learning about Ethereum and smart contracts He decided he wanted to create software that integrates blogs like his own Radomski also the author of the token ERC-1155, the new standard for token issued by Ethereum which was launched in June 2018 ended in June. 2019 and is used for generating both volatile and non-volatile tokens.
What makes Enjin coins unique?
Co-founder Radomski said that Enjin Coin is unique in that every token generated with Enjin Platform, the company's blockchain asset development platform launched in February 2020, is directly backed by ENJ, making its list in The game is liquid in the real world. Similarly, Blagov states that the company is focusing on adoption. He said he envisioned a future where millions of gamers used digital items backed by Enjin Coin without realizing it.
Enjin Coin uses a series of smart contracts sent by game developers ENJ to generate new, swappable or inactive ERC-1155 tokens. These tokens can be traded at the Enjin Marketplace launched in September 2019 or exchanged for reserve ENJ at any time. As more custom tokens are created, more ENJs will be removed from the ecosystem. which makes it harder to find
According to the white paper, Enjin Coin uses a series of both on-chain and off-chain processes. Once a transaction is completed within the Enjin ecosystem, the trusted platform interfaces with the user's smart wallet. And the website or game will be instantly updated with a non-tradable version of a placeholder or digital item. Until the transaction is verified by the Ethereum blockchain.
How many Enjin Coin (ENJ) coins are in circulation?
Enjin Coin has a fixed maximum supply of 1 billion tokens. However, as the ecosystem grows and more ENJ is locked into in-game digital assets The actual number of coins in circulation will decrease.
Enjin Coin was first made available for purchase during presales in September 2017, selling 400 million ENJ for a total of 38,800 Ether (ETH) worth $12 million at the time, and another 100 million ENJ as a bonus, including pre-sales and giveaways. Provide 50% of the total supply, there is an initial coin offering. In October 2017, with 300 million ENJ — 30% of the total supply — ready for sale, the ICO raised 75,041 ETH worth $18.9 million at the time. Tokens not sold during the ICO are locked for six months to be used for community initiatives and subsequent marketing.
10% of the total token volume is reserved for the company for community initiatives. beta testing Marketing and strategic partnerships, while the remaining 10% is reserved for team members and consultants. Team member tokens are locked for the first six months and are granted for a period of 24 months, while advisor tokens are locked for two months and completely released thereafter.
How secure is the Enjin Coin network?
Enjin Coin is an ERC-20 token issued on the Ethereum blockchain, meaning that any Enj transaction in the chain is verified and secured by the Ethereum network using proof-of-work, consensus algorithms , competitive miners. themselves to add new blocks to the blockchain And most nodes in the network will need to verify the record in order to post it.
It is under smart contracts that the Enjin power coin has been reviewed several times, including by Ethereum developer Matthew Di Ferrante in September 2017 , smart contract auditor and early developer ZK Labs . 2018 and Castle Network in July 2019
In October 2020, Enjin launched a bug - fixing program through information security company HackerOne.
Where can you buy Enjin Coin (ENJ)?
- IQ Option
- Binance
- bybit
- Celsius
- Nexo
- Crypto.com
- Gate.io
- OKEx
- KuCoin
- CoinBene
- eToro
- Huobi Global
- Bitfinex
- FTX
- ZG.Com
- CoinTiger
- Bitkub
- Satang Pro
- Olymp Trade
- Expert Option
- Binomo
- TradingView
- Deriv.com
- Exx.com
- FatBTC
- BitMart
- XM
- Exness
- FBS
- Skrill
- Neteller
- MinerGate
If you're new to cryptocurrencies, use CoinMarketCap's easy guide.
We share perspectives, ideas from past experiences. and current interests as well as expectations for the future through text, pictures and videos.
/// PLEASE SUBSCRIBE SUBSCRIBE WEB ///
Recommended Youtube Channel for those who want to invest in Forex MT4 and IQ Option platforms - - https://www.youtube.com/channel/UCbi7PKYmhDEggP32UEKaWxwThailand's No. 1 Binary Broker Recommended Channel IQ Option - - https://www.9binaryoptionstrading.com/IQ Option Broker Introduction Channel for Beginners - - https://9binaryoptionsfirsttime.blogspot.com/Channel about Binary Options Broker - - https://9binaryoptions.blogspot.com/Channel about Forex Brokers - - https://9forexbroker.blogspot.com/Affiliate Binary Options Subscription Channel - - https://iqoptionthailandbinarysiam.blogspot.com/Binary Options Channel in various foreign languages- - https://9iqoptiontraderallnational.blogspot.com/Slots about Skrill Deposit - - https://skrillthailand.blogspot.com/Neteller Deposit Channel - - https://neteller-thailand.blogspot.com/
- - Thank you very much - - Thanks - -
"Good luck creating and passing on each other. We can make you lucky."
Share with all your heart wish you luckAdmin
/// PLEASE SUBSCRIBE SUBSCRIBE WEB ///
Sign Up for IQ Option Click Here
Credit : Coinmarketcap
No comments:
Post a Comment
You can post comments in this section.