Enjin is a blockchain project that aims to create a decentralized ecosystem for gaming. The Enjin ecosystem includes the Enjin Coin (ENJ) token, which is used as a store of value and as a means of exchange between gamers, developers, and businesses. The project offers a suite of blockchain-based tools and services, including the Enjin Wallet, EnjinX blockchain explorer, and the Enjin Marketplace. One of the main features of Enjin is its ability to tokenize in-game items and assets. This means that game developers can create unique and valuable digital items that can be bought, sold, and traded on the blockchain, offering players true ownership of their virtual assets. The Enjin ecosystem also allows game developers to create their own cryptocurrencies that can be used within their games.
About $ENJ token
$ENJ is the native cryptocurrency of the Enjin ecosystem, which is built on top of Ethereum blockchain and offers a suite of products and services for creating, managing, and monetizing gaming assets. The token serves as a means of payment and reward within the Enjin network, allowing gamers and developers to buy, sell, and trade in-game items, as well as access premium features and services. $ENJ is also used as collateral for minting new blockchain-based assets, which are backed by Enjin's reserve of $ENJ tokens. The maximum supply of $ENJ is capped at 1 billion tokens, and a significant portion of it has been locked up in smart contracts or reserved for development and community incentives.
How to buy $ENJ with a payment card
1. Enter the amount of $ENJ and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $ENJ wallet
You are given the option to enter your $ENJ wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $ENJ with a credit and debit card.
1. Market Position and Adoption: Enjin Coin (ENJ) is a cryptocurrency token that is primarily focused on the gaming industry. It is the native currency of the Enjin ecosystem, which includes a platform for creating and managing virtual assets, marketplaces, games, and other related services. As of now, it has a rank of #85 in terms of market capitalization, with 587,092 watchlists on enjin.io. ENJ is increasingly gaining adoption in the gaming world as a means of facilitating in-game purchases and transactions.
2. Technology and Platform: ENJ is built on the Ethereum blockchain, which makes it an ERC-20 token. Its platform offers various tools and features for game developers, including a software development kit (SDK) for creating custom blockchain-based games and a minting platform for creating and managing non-fungible tokens (NFTs). Enjin Coin also offers a range of open-source plugins and tools for integrating blockchain technology into existing games and platforms.
3. Team: Enjin was founded in 2009 by Maxim Blagov and Witek Radomski. The Enjin team is composed of experienced professionals in various fields, including gaming, blockchain technology, and software development. The team has an extensive background in the gaming industry, having previously developed and released over 20 games.
4. Competition: ENJ faces competition from other blockchain-based gaming tokens such as CHZ, SAND, and MANA. Additionally, traditional payment systems such as credit cards and PayPal are also potential competitors in the gaming industry.
5. Supply: ENJ has a total supply of 1 billion tokens, and all of them are currently in circulation. There is no inflationary policy for ENJ, and the total supply will remain fixed. Its circulating supply is 1,000,000,000 ENJ, and its market cap is $525,999,161.
1. Volatility: Like many other cryptocurrencies, ENJ is highly volatile and its value can fluctuate rapidly based on market conditions, news, and other factors. This volatility can make it challenging for investors to predict the price movements of ENJ and could lead to significant losses.
2. Regulatory risks: The cryptocurrency industry is still largely unregulated, and there is always a risk that governments or regulators could impose restrictions or bans on cryptocurrencies, which could negatively impact the adoption and price of ENJ.
3. Competition: Enjin Coin faces competition from other blockchain-based gaming and NFT platforms, which could limit its market share and adoption. Some notable competitors include Decentraland, Axie Infinity, and The Sandbox.
4. Security risks: The Enjin platform and its associated smart contracts could be vulnerable to hacking and other security breaches, which could result in the loss of ENJ tokens or other digital assets stored on the platform.
5. Adoption risks: While Enjin has been successful in partnering with various gaming and NFT projects to integrate its technology, there is always a risk that the adoption of the Enjin platform and ENJ token could be slower than expected, which could limit its long-term growth potential.
Potential market development triggers
1. Increased adoption of blockchain-based games and non-fungible tokens (NFTs) as Enjin Coin is specifically designed for the gaming and NFT market.
2. Partnerships with major gaming companies and developers could bring more attention and demand for Enjin Coin.
3. Introduction of new features and upgrades to the Enjin platform, such as EnjinX (block explorer for Ethereum and Enjin) and JumpNet (energy-efficient network for minting and trading NFTs), could attract more users to the platform and increase demand for the token.
4. Broader adoption of cryptocurrency payments in the gaming industry, as Enjin Coin can be used as a payment method within the Enjin ecosystem.
5. Positive regulatory developments and increased acceptance of cryptocurrencies by mainstream financial institutions could boost the overall demand for Enjin Coin and other cryptocurrencies.