-
Bitcoin
63,520.33
1.78% -
Ethereum
2,546.20
4.60% -
Tether USDt
1.00
0.00% -
BNB
571.96
2.79% -
Solana
151.00
8.64% -
USDC
1.0000
0.01% -
XRP
0.5879
0.75% -
Dogecoin
0.1069
2.29% -
Toncoin
5.75
0.29% -
TRON
0.1521
1.17% -
Cardano
0.3589
3.07% -
Avalanche
28.45
8.98% -
Shiba Inu
0.0...01442
1.74% -
Chainlink
11.69
4.18% -
Bitcoin Cash
340.30
-1.99% -
Polkadot
4.37
3.95% -
Dai
1.00
0.01% -
UNUS SED LEO
5.73
0.26% -
NEAR Protocol
4.49
0.05% -
Litecoin
66.20
1.41% -
Kaspa
0.1703
-1.07% -
Uniswap
6.85
0.94% -
Artificial Superintelligence Alliance
1.61
5.66% -
Internet Computer
8.59
4.84% -
Sui
1.50
12.23% -
Aptos
7.16
11.71% -
Pepe
0.0...08331
6.10% -
Monero
178.39
3.70% -
Bittensor
420.94
14.33% -
POL (ex-MATIC)
0.4065
2.65%
What is the issuance and circulation of ENJ coins?
The maximum supply of Enjin Coin (ENJ) is capped at 1 billion tokens, with a circulating supply of approximately 898.7 million as of September 2023.
Sep 12, 2024 at 06:21 pm
Enjin Coin (ENJ): Issuance and Circulation
Issuance
- Initial Coin Offering (ICO): Enjin Coin was initially offered through an ICO in 2017, raising approximately $18.9 million.
- Max Supply: The maximum supply of ENJ is capped at 1 billion tokens.
Circulation
- Current Circulating Supply: As of September 2023, the circulating supply of ENJ is approximately 898.7 million tokens.
Distribution: The distribution of ENJ tokens is as follows:
- Public (58.5%)
- Team (18.5%)
- Genesis Fund (14.0%)
- Advisors (3.9%)
- Early Adopters (2.0%)
- Bug Bounty (3.1%)
Minting and Burning
- Minting: New ENJ tokens are minted when users create Non-Fungible Tokens (NFTs) on the Enjin platform.
- Burning: ENJ tokens are burned when NFTs are destroyed or delisted from the Enjin platform. This mechanism helps control inflation.
Purpose and Utility
- NFT Marketplace: ENJ is used as the primary currency for purchasing and trading NFTs on the Enjin marketplace.
- Gaming: ENJ can be used for in-game purchases, items, and enhancements in various games that integrate with Enjin.
- Development Platform: ENJ provides the foundation for the Enjin ecosystem, which supports the creation and management of NFTs and blockchain-based games.
Market Performance
ENJ has experienced significant price fluctuations since its ICO. The coin reached its all-time high of $4.85 in April 2021 and has since experienced a correction. As of September 2023, ENJ is trading at around $0.50.
Conclusion
Enjin Coin (ENJ) has a maximum supply of 1 billion tokens and a circulating supply of approximately 898.7 million tokens. The distribution of ENJ tokens includes public allocation, team holdings, and other allocations. ENJ is used as the currency for purchasing NFTs on the Enjin marketplace and for various purposes in blockchain games. While its market performance has been volatile, ENJ remains an important part of the Enjin ecosystem for NFTs and blockchain gaming.
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