When was ENJ coin issued? Learn about the origin of ENJ coin in one article

Launched in 2017 by the experienced Bronstein, Kertonegoro, and Radomski, Enjin's ENJ cryptocurrency serves as a medium of exchange and utility token within its gaming-focused blockchain ecosystem.

Oct 02, 2024 at 07:05 pm

ENJ: The Origin of a Virtual World Cryptocurrency

1. What is ENJ?

Enjin is a blockchain-based ecosystem for virtual goods and gaming. It provides a platform for creators and developers to create, manage, and monetize their digital assets in the form of Enjin Coins (ENJ).

2. When was ENJ Coin Issued?

ENJ coin was launched through an initial coin offering (ICO) in July 2017.

3. Founding Team

ENJ was founded by Max Bronstein, Simon Kertonegoro, and Witek Radomski. The team had extensive experience in gaming and blockchain technology.

4. Purpose of ENJ

The primary purpose of ENJ is to serve as a medium of exchange and utility token within the Enjin ecosystem. It allows creators to create and sell virtual items, and gamers to use those items in their games.

5. Features and Benefits

Security: The Enjin ecosystem is secured through the Enjin Network, a Proof-of-Work blockchain.
Flexibility: ENJ is a multi-purpose token that can be used to purchase, create, and trade virtual assets.
Interoperability: ENJ is compatible with various game engines and marketplaces, allowing for seamless integration.
Support: Enjin provides support to creators and developers through its development tools, community forums, and technical documentation.

6. ENJ Market Performance

Since its launch in 2017, ENJ has experienced significant growth and volatility. It reached its all-time high in November 2021, shortly before the broader cryptocurrency market decline.

7. Use Cases

Game development: Creators can use ENJ to finance the development of their games and reward players for their participation.
Virtual item marketplaces: ENJ can be used to purchase and sell virtual items, such as weapons, armor, and accessories.
Digital collectibles: Enjin allows creators to mint and manage digital collectibles, which can be traded or collected by gamers.
Play-to-Earn: ENJ can be earned through gameplay in certain games, incentivizing players to participate and contribute to the ecosystem.

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