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Enjin Coin PNG Transparent Images

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Submitted by on Sep 3, 2021

Enjin Coin is a smart digital money developed specifically for Enjin, the world’s largest social gaming platform. The Enjin Smart Wallet, which is accessible for Android and supports BTC, ETH, LTC, ENJ, and all ERC-20 Tokens, is included.

Enjin Coin is a decentralised cryptocurrency that allows you to create, manage, distribute, and exchange virtual products. This allows online players to exchange their assets while maintaining actual item ownership. 250,000 gaming communities and 18.7 million registered gamers are linked to the currency.

The currency may be used to create smart contracts and is notable for leveraging Ethereum’s Lightning Network. The public API and SDKs can be used to trade virtual items. Developers may use the Enjin Coin to create a unique currency for a gaming community that can be used on any platform. Because each item is stored on a registry smart contract that all Enjin smart wallets can identify, users may trade and exchange virtual products for Enjin Coins at any moment.

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Enjin was created in 2009 as a gaming community platform by Maxim Blagov and Witek Radomski, with Blagov acting as CEO and responsible for the company’s creative direction. Radomski served as chief technology officer responsible for the company’s technological development. Blagov has worked in creative direction, marketing, and software project management and design, according to his LinkedIn profile.

Radomski suggested the concept of bringing blockchain to Enjin after becoming interested in Bitcoin (BTC) in 2012, finally persuading the firm to adopt it as a payment option. He chose to build his own blockchain-integrated programme after learning about Ethereum and smart contracts. Radomski is also the inventor of the ERC-1155 token standard, which was presented in June 2018 and completed in June 2019, and is used to mint both fungible and nonfungible tokens.

Enjin is a well-known gaming-specific all-in-one website content management system (CMS).

The development team is based in Singapore, and it was originally revealed on July 24, 2017. The circulating supply was 756,192,535 ENJ on December 28th, 2017.

Enjin is most commonly used to create community/clan/guild websites. The Wiki page, support ticket system, discussion board, and application system components developed on the Enjin platform allow users to construct a highly customized website particularly for their communities.

The maximum quantity of Enjin Coin is 1 billion tokens. The amount of coins actually circulating will decrease as the economy expands and more ENJ gets locked into in-game digital assets.

Enjin Coin was originally made available for purchase in September 2017 during a presale event in which 400 million ENJ were sold for a total of 38,800 Ether (ETH), valued at $12 million at the time, with another 100 million ENJ given away as incentives. In all, 50% of the entire quantity was sold and given away during the presale.

In October 2017, an initial coin offering (ICO) was launched, with 300 million ENJ (or 30% of the entire supply) available for purchase. The initial coin offering (ICO) raised 75,041 ETH, which was worth $18.9 million at the time. Tokens that were not sold during the ICO were frozen for six months and will be utilised for community projects and marketing in the future.

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