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enj $0.2137100

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Official links

Category

Energi Ecosystem
Layer 1 (L1)
Gaming Blockchains
Harmony Ecosystem
Ethereum Ecosystem
Metaverse
Gaming (GameFi)
NFT
Entertainment

Market-cap$314,655,820

Volume$17,320,652

ENJ | Enjin Crypto Research

Private Research

Live price

$0.2137100

Market Cap

$314,655,820

All-time low

$0.0186596

All-time high

$4.82

Volume (24h)

$17,320,652

Total supply

1,812,940,794.98

Circulating supply

1,470,309,544.63

Enjin Coin, developed by Enjin, serves as a specialized cryptocurrency for the gaming sector, aiming to become a fundamental asset for virtual goods transactions. Enjin, established as a significant player in the online gaming community platform, manages over 250,000 gaming communities, encompassing 18.7 million registered gamers. The initiative behind Enjin Coin is to provide a utility-focused cryptocurrency that can be seamlessly integrated within the gaming industry, addressing common issues such as transaction fees and fraud in virtual goods exchanges.

Built on the Ethereum blockchain, Enjin Coin utilizes the ERC20 token standard, enabling not only cryptocurrency transactions but also the deployment of smart contracts. This capability allows for a variety of applications, from creating customizable currencies for gaming communities to facilitating secure and efficient transactions of virtual goods. Enjin Coin’s development includes the exploration of Ethereum’s Raiden Network, aiming to enhance transaction speed and scalability.

The project offers developers a suite of software development kits (SDKs) and a public API to integrate Enjin Coin into games and platforms. This effort aims to streamline the adoption of cryptocurrency in gaming, making transactions more accessible and secure for developers and players alike. Enjin’s platform supports the creation and management of virtual goods, providing developers the tools to mint custom currencies backed by Enjin Coin, leveraging blockchain benefits like enhanced security and lower transaction costs.

Key Features of Enjin Coin:

  1. Customizable Currency Creation: Enables developers to create unique currencies for their gaming communities.
  2. Smart Contract Capability: Utilizes ERC20 token standard for versatile applications beyond transactions.
  3. Integration Tools: Offers SDKs and a public API for easy incorporation into games and platforms.
  4. Scalability Solutions: Investigates Ethereum’s Raiden Network for faster transaction capabilities.

Since its inception, Enjin Coin has formed strategic partnerships with notable industry names such as Unity, PC Gamer, and NRG eSports, and has been guided by prominent figures including Ethereum co-founder Anthony Diiorio. The project’s roadmap, following a successful ICO in 2017, outlines continued development across its platform, including the release of various platform plugins, the Efinity network, and additional SDKs to broaden its ecosystem.

Enjin Coin’s approach to integrating blockchain technology in gaming is aimed at reducing the prevalent issues within the virtual goods market, offering a solution that emphasizes security, cost efficiency, and user engagement. As the project progresses, its potential impact on the gaming industry remains a point of interest for developers, gamers, and investors.