Enjin Coin

Enjin Coin (ENJ) is an Ethereum-based token that seeks to simplify the use of non-fungible tokens (NFTs) by people, organisations, and brands. The ENJ is used to support the value of non-fungible tokens (NFTs) produced within the Enjin ecosystem.

About Enjin coin:

Enjin platform helps to create the most modern non-indistinguishable tokens with their applications mainly focused on games. The company claims that millions use the ENJ and the wallet is free to use.

• Enjin enables ERC-1155 standard and backend by the Ethereum blockchain technology. 
• It focuses on virtual games, virtual goods, and assets. 
• Enjin is trying to solve two issues: fraudulent risks and mediation. 
• Fraudulent risks: It includes theft of assets, fraudulent disbursements, and expenses. 

• Mediation: Disputes between co-founders, and also between advisors are prevalent in the industry.

 

Enjin Coin has a lot to offer. As a result, this cryptocurrency with constant adoption has shown very significant growth in the short term. Enjin has new and valuable features that make them exceptional among competitors. 

In addition, Enjin has a solid and broad advisory board and developers that can implement the idea. Enjin has an outstanding substantial community of early adopters who are eager to implement its technology.

Develop games: Developers can create in-game items through Enjin Coins. 
Gaming: Players collect tokens and use Enjin Coins for different purposes in-game.
Trading: Users can sell tokens and get Enjin cryptocurrency.

Pros

• Millions of transactions are taking place in the Enjin marketplace. So, it will be easy for users to buy and sell unique Non-Fungible Tokens.
• Production of frequent framework updates
• It is presently ranked 57 out of the top 100 cryptocurrencies with a decent 63.64 liquidity score.
• Currently, there are 834,313,757 ENJ Coins in circulation.
• Presently, the company has the maximum coin supply capacity of 1,000,000,000 ENJs.

Cons

• Enjin cryptocurrency wallet is not an open-source platform. So, it lacks its own versatility. 
• The platform is heavily dependent on a few games.

 

• You can start trading and investing in Enjin Coins with just Rs.100.
• Start trading with zero fees.
• Easy to use trading platform 
• Manage your portfolio from the dashboard with a few clicks.

According to their official website, Enjin as a gaming platform was established in 2009 and had 20 million subscribers. 
Shortly, Enjin executed an ICO and collected $18.9 million for the company, which they utilised to accelerate the further development of the current platform and advance the Ethereum blockchain protocol technology.