Enjin coin (ENJ) is a gaming-oriented cryptocurrency based on the Ethereum blockchain.
It aims to facilitate the acquisition of in-game items, credits, licenses and other gaming assets.
ENJ was created as a solution to help gamers, publishers, servers, and creators to monetize their gameplay.
Enjin is an essential platform for gamers which makes customization possible through smart contracts and specialized SDKs.
Enjin Coins, symbol ENJ, are ERC20 tokens running on top of Ethereum Virtual Machine.
Anyone who wants to acquire Enjin Coin can either join in a partnership with Enjin or purchase from the cryptocurrency exchange.
As a ERC20 token, ENJ is not directly mineable, although investors can easily acquire ENJ via the most popular cryptocurrency exchanges.
10% of the token is kept for all Enjin partners as an incentive.
Enjin Coin Cryptocurrency will not ever produce more than 1,000,000,000 ENJ circulating coins.
Enjin was founded by Maxim Blagov and Witek Radomski in 2009.
It was created for leader a managing system site just like MySpace and Facebook to share the link with other members.
The company is in business for more than 9 years with over 18 million users which makes them one of the largest online gaming communities. Although subscription is charged, it is still accepted and supported which made the company profitable throughout the years.
The purpose of Enjin is to make it a website for its community, with forums included, the user can customize everything as they wish. Some communities on Enjin website are games like Rust, Minecraft, and Warcraft.
Being part of Enjin community is through acquisition or through purchase. Game developers used minting or turning coins into tokens for them to obtain gaming items such as swords, guns, tanks, etc. Minting items in Enjin are not limited to the community, developers can also sell ranks, subscribe, and enable their items to Minecraft via forums. Those items are kept in their Enjin wallet open for trading to other user or marketplaces. It can also be used turn item back to Enjin coins using the term melting. Games can earn Enjin coins through getting a sword at the end of the quest, referring a friend, or by purchasing in marketplaces or in-game.
One thing that makes Enjin on top has they let developers created customized virtual items that give them ownership. There is another gaming token in marketplaces like Gametokens and MobileGo, but none of them has a high usability in the market. Enjin provides free chargeback of currency for any online gaming deals with extra features such as increased ability on creating items, connection with other gaming engines, and successful user community.
The team Enjin consists of 8 members who have been loyal to the company for years now. Starting with founders Maxim Blagov, Enjin CEO with 15 years of expertise in creative project design, management, and direction, Witek Radomski CTO and a Technical Engineer that helps lead the team to success. Other members are Josh Woelfel, Lead Engineer, Vyacheslav Volkov, Lead Mobile, Lilia Pritchard, Brad Bayliss, Evan Lindsay, and Chris Hirasawa.