Enjin Coin price today is $ with a hour trading volume of $28,, ENJ price is up % in the last 24 hours. It has a circulating supply of 1. What Is Enjin Coin's Price Today? Enjin Coin (ENJ) is trading at $ USD, increasing by % since yesterday. Enjin Coin has traded $17,, USD in. Get detailed information on Enjin Coin (ENJ) including real-time price index, historical charts, market cap, exchanges, wallets, and latest news. FOREX TREND INDICATOR NO REPAINT BUY

The Enjin ecosystem provides developers with the ability to create, distribute, and manage Ethereum-based NFTs. Enjin price is updated live on Binance. As a leading platform in the NFT industry, Enjin provides NFT-based solutions for verticals that include blockchain-based gaming, retail rewards programs, fashion, art, real estate and more. Enjin features include an Enjin-powered metaverse platform that provides users with access to play-to-earn P2E games, NFT marketplaces and collectibles, and end-to-end NFT business solutions.

Notably, Enjin offers multiple software development kits for widely used languages and platforms, including Godot, Java, and Unity, facilitating streamlined NFT integration and adoption. Enjin operates on the Ethereum network and therefore, uses proof-of-stake PoS.

Who is the Enjin Founder? Enjin was founded by co-founders Maxim Blagov and Witek Radomski as a for-profit community gaming platform in What is the Maximum Token Supply of Enjin? Enjin is limited to 1 billion ENJ coins. What is Different About Enjin? Enjin is currently used on multiple gaming platforms. Other notable features of the Enjin ecosystem include JumpNet, a free instant Ethereum scaling solution.

Who Are the Founders of Enjin Coin? Enjin was founded as a gaming community platform in by Maxim Blagov and Witek Radomski, with Blagov becoming CEO and assuming responsibility for the creative direction of the company and Radomski serving as chief technical officer, responsible for the technical development of its products.

Blagov has described himself as having 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 , eventually convincing the company to accept it as a payment option. After learning about Ethereum and smart contracts , he decided he wanted to create his own blockchain-integrated software.

Radomski is also the author of the ERC token standard, a new standard for Ethereum-issued tokens that was introduced in June , finalized in June , and is used for minting both fungible and nonfungible tokens. What Makes Enjin Coin Unique?

According to co-founder Radomski, Enjin Coin is unique in that every token minted with Enjin Platform, the company's blockchain asset development platform that launched in February , is directly backed by ENJ, giving in-game items real-world liquidity. Similarly, Blagov has stated that the company is focused on adoption, saying he imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists.

Enjin Coin uses a series of smart contracts to which game developers send ENJ to mint new, unique fungible or nonfungible ERC tokens. These tokens can be traded on the Enjin Marketplace, which launched in September , or exchanged for their backing ENJ at any time. As more custom tokens are minted, more ENJ is removed from the ecosystem, thus making it scarcer.

According to its whitepaper , Enjin Coin uses a series of both on-chain and off-chain processes. When a transaction is completed within the Enjin ecosystem, a Trusted Platform contacts the users' smart wallets, and the website or game is updated immediately with a placeholder or nontradable version of the digital item until the transaction has been validated by the Ethereum blockchain.

Related Pages: Learn about Decentraland , a virtual world where land ownership is backed by cryptocurrency. Learn about Atari Token , the cryptocurrency project by iconic video game producer Atari. Want to know more about initial coin offerings? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on how blockchain is disrupting the gaming industry with the CoinMarketCap Blog. 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 number of coins actually circulating will decrease. Tokens that were not sold during the ICO were locked for six months to be later used for community initiatives and marketing. Team member tokens were locked for the first six months and vested over a period of 24 months, while advisor tokens were locked for two months and fully released afterward.

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