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Reasons to Buy Enjin Coin (ENJ)

• It is anti-inflationary and provides a greater level of security and transparency.
• It is an Ethereum based ERC-20 token.
• It had a massive ICO opening of more than $22 million.
• It has a maximum supply of 1 billion ENJ coins.

Enjin Coin first made its presence felt in the year 2017, whereas it was launched on Ethereum main net almost a year later in 2018. Enjin Coin is a project from Enjin, a company providing a system of blockchain-based gaming products which are interconnected with each other. They aim to build an ecosystem of Non-Fungible Token(NFT). It will provide developers, gamers, and businesses a platform where they can create, integrate, trade, distribute, monetize, and get entertained. 

Enjin Coin has its official native utility token as ENJ that is used as a mode of providing incentives to its users.

Things to consider before buying Enjin Coin (ENJ)

• Enjin Coin provides a staking platform that allows ENJ holders to stake it for earning or receiving rewards.
• Enjin has a ‘melting’ property allowing users to destroy their blockchain assets to retrieve the Enjin Token’s value from within.
• Enjin Coin uses a series of both on-chain and off-chain processes.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.