The current price of Enjin Coin (ENJ) is $ 0.32453600. Over the past 24 hours, the price has decreased, with a -5.34%% change. Keep in mind that the value of cryptocurrencies is highly volatile and can change rapidly.
Enjin Coin (ENJ) is a digital currency specifically designed for virtual goods and created by Enjin, a renowned brand in the online gaming industry. The goal behind its creation is to become the most widely-used cryptocurrency in the gaming world. With a backing of more than 250,000 gaming communities and 18.7 million registered gamers, Enjin Coin is intended to minimize high transaction fees and fraud that's common in the virtual goods market. This ERC20 token operates on the Ethereum blockchain, enabling it to also act as a platform for smart contract functionalities.
Enjin Coin was introduced by Enjin, the largest online gaming community platform, which was founded in 2009. Enjin receives 60 million views per month, with millions of US dollars transacted in their community stores each month. The advisory board for this project includes notable names such as Anthony Diiorio, an Ethereum co-founder, and Pat LaBine, a former producer and technical director at Bioware. Enjin also has solid partnerships with Unity, PC Gamer, and NRG eSports.
Enjin Coin simplifies the creation and management of virtual goods for game developers. Developers across various platforms can create their community-specific currency backed by Enjin Coin, enjoying all the associated benefits of blockchain technology, including speed, cost, and security, while maintaining customization for their respective platforms. In addition to being a valuable digital asset for gamers, Enjin Coin is also one of the first projects testing the Raiden Network, Ethereum's version of the Lightning Network. It offers a wide range of features through its public API and SDK's such as the Platform API, Mobile Smart Wallet, Java SDK, and a Minecraft plugin.
One of the standout features of Enjin Coin is the introduction of TopLists, a tool designed for users to rank games, servers, teams, and other categorizable pieces of content. These decentralized smart contracts allow for competitive bidding and voting processes. The system incentivizes list creators to promote their lists in exchange for tokens as users perform tasks such as voting.
The Enjin Coin project has indeed seen success so far. A key indicator of this is the successful ICO held in late 2017, during which they raised approximately $35 million in both private and public rounds. Despite still being relatively young, the project has made significant strides, including developing a versatile suite of software development kits (SDKs) and planning for an ambitious range of updates and features in 2018. Details around its future development and growth potential are eagerly anticipated by the community.
Enjin Coin (ENJ) is available for purchase on several exchanges, including BTC Markets, Binance, GMO Japan, Bitbank. As always, ensure you exercise due diligence and understand the steps necessary to secure your digital assets when purchasing cryptocurrencies.
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