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What is ENJ coin? Introduction to the issue price, total amount and white paper of ENJ coin
Enjin Coin, a cryptocurrency tailored for the gaming industry, empowers gamers with ownership, interoperability, and decentralized management of their in-game assets.
Oct 01, 2024 at 03:53 pm
What is ENJ Coin?
Enjin Coin (ENJ) is a cryptocurrency designed specifically for use within the gaming industry. It facilitates the creation, management, and trading of virtual assets, enabling gamers to own their in-game items and exchange them across different platforms.
1. Issue Price:
ENJ was initially offered through an Initial Coin Offering (ICO) on October 18, 2017. The ICO price was set at 0.024 USD per ENJ token.
2. Total Amount:
The total supply of ENJ tokens is capped at 1 billion. Of this, approximately 82% was sold during the ICO, while the remaining 18% is held by the Enjin team for ecosystem development and strategic partnerships.
3. White Paper:
The Enjin Coin white paper was released in July 2017 and outlines the project's vision, technical details, and roadmap. The white paper provides comprehensive information on various aspects of ENJ, including its use cases, token economics, and underlying technology.
Key Features of ENJ Coin:
- Ownership of In-Game Items: ENJ allows gamers to own their in-game assets, ensuring that they retain value and can be traded freely.
- Interoperability: ENJ enables the seamless exchange of virtual assets across different games and platforms, breaking down the barriers between gaming ecosystems.
- Decentralization: ENJ is built on the decentralized Ethereum blockchain, ensuring transparency, security, and immutability of transactions.
- Asset Creation and Management: ENJ supports the creation and management of virtual assets through Enjin's smart contract-based platform, facilitating the development of rich and diverse gaming experiences.
- Gamified Value Transfer: ENJ incorporates gameplay mechanics into its platform, allowing users to earn rewards, participate in quests, and enhance their gaming experience.
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