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As per the founders, Enjin Coin is unparalleled in that every token created with Enjin Platform, the company's blockchain asset-building platform that started in February 2020, is directly upheld by ENJ, giving in-game items real-world liquidity.
Blagov has given the assertion that the company is centered on adoption, saying he imagines an expectation in which millions of gamers use digital items upheld by Enjin Coin without even knowing it exists.
Enjin Coin uses a set of smart agreements to which game developers send ENJ to mint new, unique, and fungible or nonfungible ERC-1155 tokens. Can access these tokens on the Enjin Marketplace, which started in September 2019, or exchanged for their backing ENJ at any time. As more system tokens are created, more ENJ is removed from the ecosystem, making it scarcer.
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Digital Gold of the Future, Enjin Coin is an asset that has provided financial freedom to millions across the globe. So if you believe in it, storing your Enjin Coins is a good option.
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Enjin Coin is accepted globally for financial transactions online at various e-commerce sites as a mode of payment.
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Enjin Coin is a scheme of Enjin, a firm that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship present is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host digital item stores.
Enjin enables the game developers to tokenize in-game items on the Ethereum blockchain. Enjin Coin, an ERC-20 token, uses its platform to back the digital assets issued using its platform, meaning that things can be bought, sold, and traded with real-world value.
Enjin was founded as a gaming community program in 2009 by Maxim Blagov and Witek Radomski. He became the CEO and understood responsibility for the business's creative direction and served as a chief technical officer, responsible for the technological development of its products.
Blagov has described himself as having worked in creative direction, marketing, and software project management and design. Enjin Coin was first officially started in July 2017, and it started on the Ethereum main net in June 2018.
Radomski first suggested the idea of including blockchain in Enjin after becoming interested in Bitcoin BTC in 2012, ultimately persuading the company to accept it as a payment option.
After discovering about Ethereum and smart agreements, he decided he wanted to create his blockchain-integrated software. Radomski is also the author of the ERC-1155 token standard, a new standard for Ethereum-issued tokens introduced in June 2018, finalized in June 2019, and is used for minting both fungible and nonfungible tokens.
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As per the company's whitepaper, Enjin Coin utilizes a series of both on-chain and off-chain processes. When a deal is completed within the Enjin ecosystem, a reliable and trustworthy Platform contacts the user with stylish wallets. The website or game is modernized immediately with a placeholder and nontradable variant of the digital item until the Ethereum blockchain has validated the business.
Enjin Coin is an ERC-20 token issued on the Ethereum blockchain, which means that any on-chain ENJ transactions are secured by the Ethereum network using a proof-of-work consensus algorithm. Miners compete among themselves to add new blocks to the blockchain, and a majority of all nodes in the network must confirm a record for it to be posted.
Are you looking to mine Enjin Coin? Keep in mind that before you do so, invest some time into researching and exploring if your setup will generate you any revenue.
Enjin Coins price can oscillate, and the amount of miners also plays a crucial deal in your chances of making a profit. At the current price of ENJ, regard how much worth it setting up a mining rig would be.
Hardware that would be most powerful for mining would be ASICs which are nowadays extremely costly. If mining with a computer, a GPU won't create a large turnout, but it might start when mining Enjin Coin.
Mining profitability charts can show you how much U.S. Dollars you can make for 1 Mh/s of hash rate. These charts also have electricity expenses covered. Mining difficulty increases with the number of miners, and every time the demand for a larger hash rate increases.
The current Enjin Coin price is at USD 2.78 with a 24-hour business volume of USD 1,718,490,957. Enjin Coin is high 5.29% in the past 24 hours. The live CoinMarketCap ranking is #42, with a live market capitalization of $2,317,436,795 USD. It has a circulating supply of 834,313,757 ENJ coins and a max. Supply of 1,000,000,000 ENJ coins.
Can purchase Enjin Coin on crypto exchanges such asBuyUcoin, Binance, among others. Can trade it against the fiat currencies such as the U.S. dollar and the euro, cryptocurrencies such as ether and bitcoin, and stable coins such as Tether (USDT) and USD Coin(USDC). It can be bought and sold on both spot and derived markets.
The 10% of the total token supply was reserved for community programs, beta trials, purchasing, and strategic partnerships, whereas another 10% was reserved for team members and consultants. Team affiliate tokens were secured for the initial six months and vested over two years, while advisor tokens were guaranteed for two months and fully released.
Enjin Coin has a certain maximum supply of 1 billion tokens. However, as the network grows and more ENJ is secured into in-game digital assets, the number of coins practically circulating will decrease.
Enjin Coin was initially made available for purchase throughout a presale event in September 2017 in which 400 million ENJ was sold, a total of 38,800 Ether(ETH), worth $12 million at the time, with another 100 million ENJ given away as bonuses.
In total, the presale sold and gave away 50% of the total supply. An initial coin offering was held in October 2017, with 300 million ENJ, 30% of the total supply available for sale. The ICO raised 75,041 ETH, worth $18.9 million at the time. Tokens that did not include sale during the ICO were locked for six months to be later used for community initiatives and promotion.
Monetization of assets and the use of organic tokens as an equivalent to the goods and services provider
The creation of an autonomous and reliable market for the sale of assets: from simple items and gifts to subscriptions and unique rarities;
Establishment of digital storage for content and payment channels within the framework of a single level Enjin Coin-system
Security from fraud, transparency of deals and commissions, the lack of refunds, the convenience of using wallets, and, as a result, increased interest in purchases by the community
User support through developed software and applications.
Step 1: Open your free crypto wallet BuyUcoin Account
Step 2: Register & Open your free Cryptocurrency account with BuyUcoin
Step 3: Visit the BuyUcoin Exchange menu in your crypto wallet to find ENJ Coin or exchange pair with ENJ-USDT pair.
Step 4: If you don't have USDT, add funds from your favorite UPI payment mode to buy USDT, i.e., Paytm, PhonePe, Mobikwik, Google Pay, Bhim Pay, or credit card and debit card.
Step 5: Buy ENJ in India with your INR & USDT token.
You can purchase ENJ legitimately utilizing the best crypto exchanger named BuyUcoin because you can spare ENJ in a wallet that is profoundly viable for it. ENJ is traded for about $240,000 a day, and BTC is the only trading pair. For desktop systems, the enterprise has its Wallet.
ENJ can be sold by utilizing any of the crypto exchanges where both exchanging and edge exchanging are upheld. BuyUcoin is the main crypto exchanger in India and worldwide, where INR is viable with selling ENJ.
Numerous worldwide digital currency exchanging stages offer quick and secure trade of ENJ to INR and INR to ENJ where it very well may be sold in distributed, executed, and handily adapted.