About Enjin Coin
Enjin Coin is a project spearheaded by Enjin, a company that offers a comprehensive ecosystem of interconnected gaming solutions built on blockchain technology. At the core of Enjin's offerings lies the Enjin Network, a social gaming platform empowering users to establish websites, clans, engage in chats, and operate virtual item stores.
Enjin facilitates game developers in tokenizing in-game assets on the Ethereum blockchain. It leverages Enjin Coin, an ERC-20 token, to underpin the digital assets generated through its platform, enabling these items to be transacted with real-world value.
First unveiled in July 2017, Enjin Coin was officially launched on the Ethereum mainnet in June 2018. Functioning as a digital store of value, Enjin Coin (ENJ) is utilized to endorse the worth of blockchain assets such as non-fungible tokens (NFTs). Each asset minted with the Enjin Platform incorporates ENJ, serving as a minting resource locked within NFTs and consequently withdrawn from circulation. By minting blockchain assets with ENJ, creators and users benefit from various advantages, including infused reserve value, enhanced transparency and scarcity, instant liquidity, utility in games and apps, and an anti-inflationary mechanism. Enjin's "melting" feature empowers users to dismantle their blockchain assets at any point to retrieve the ENJ value enclosed within.
Enjin's vision is to furnish software solutions that simplify the development, trading, monetization, and marketing processes with blockchain technology for everyone. With origins dating back to 2009, Enjin originated within the gaming sector, culminating in the expansion of its inaugural product, the Enjin Network, to 20 million users over a decade. Following an ICO in 2017, Enjin transitioned into a prominent blockchain ecosystem developer, crafting a suite of software tools enabling effortless minting, management, trading, distribution, and integration of blockchain assets.
Witek Radomski, Enjin's co-founder, played a pivotal role in developing one of the earliest non-fungible tokens (NFTs) and co-authored the ERC-1155 Ethereum token standard. Enjin's ecosystem, built atop a robust on-chain infrastructure, empowers game developers and businesses of all sizes to incorporate tokenized digital assets into their acquisition, retention, engagement, and monetization strategies, with Enjin Coin (ENJ) fueling the ecosystem.
ENJ Price Live Data
The live Enjin Coin price today in INR is ₹ 19 , with a 24-hour trading volume of ₹ 180143.80 . Crypshots updates this ENJ to INR price in real-time. The current Enjin Coin price reflects a change in the last 24 hours, with a market cap of ₹ 26.22G . There are 1.38G ENJ coins in circulation today.
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