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About Enjin Coin
Disclosures
Enjin Coin risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Enjin Coin. All crypto assets are risky, there are general risks in investing in Enjin Coin. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
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Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
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Enjin Coin FAQ
Enjin is a cryptocurrency and blockchain platform tailored for the gaming sector. It empowers game developers to seamlessly create, manage, and exchange in-game items using non-fungible tokens (NFTs). Furthermore, Enjin provides a transparent and secure ecosystem, granting players ownership and the ability to monetize their virtual assets.
Enjin ensures the authenticity and ownership of in-game assets through blockchain technology and NFTs. It also provides a decentralized marketplace where players can trade and sell their in-game items, opening up opportunities for earning real-world value. Additionally, Enjin incentivizes community participation and engagement, fostering a vibrant and active gaming ecosystem.
Easily buy ENJ tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include ENJ/USDT.
You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for ENJ with zero fees and no price slippage by using OKX Convert.
Dive deeper into Enjin Coin
Enjin is a cryptocurrency and blockchain platform that has gained attention in the GameFi industry. By utilizing blockchain technology and non-fungible tokens (NFT), Enjin aims to redefine virtual asset ownership for game developers and players.
What is Enjin
Enjin is a cryptocurrency and blockchain platform focusing on the gaming industry. It is designed to empower game developers and players by providing them with the tools and infrastructure to create, manage, and trade in-game items. Enjin is built on the Ethereum blockchain and utilizes NFTs to represent unique in-game assets.
The core objective of Enjin is to simplify the gaming experience for both developers and players using an array of tools like software development kits (SDKs), game plug-ins, wallets, and payment gateway platforms.
The Enjin team
Enjin is a Singapore-based company that has been active in the gaming industry since 2009. The team behind Enjin consists of experienced professionals in gaming, blockchain technology, and software development. Maxim Blagov is one of the project's co-founders and also serves as the CEO. Witek Radomski is the second co-founder and serves as the CTO. Other notable names include Oscar Franklin Tan, Enjin’s CFO and CLO, and Rene Stefancic, Enjin’s COO.
How does Enjin work
Enjin works by integrating blockchain technology into the gaming industry. Game developers can utilize the Enjin platform to create and manage in-game assets as NFTs. These assets can represent various items, such as weapons, armor, or virtual currency, that hold real-world value. Blockchain technology ensures the authenticity and ownership of these assets. Players can own, trade, and sell their in-game items on the Enjin marketplace. This provides a transparent and secure way for players to own their virtual possessions and monetize their gaming experience.
Enjin’s native token: ENJ
ENJ is the native cryptocurrency of the Enjin platform. It plays a vital role in powering the ecosystem and facilitating transactions within the network. ENJ has a limited supply, and it can be used by game developers to back the value of in-game assets. Each NFT minted on the Enjin platform is backed by a certain amount of ENJ, giving it intrinsic value.
ENJ tokenomics
Enjin Coin has a total supply of 1 billion tokens. The distribution of tokens is designed to support the growth and adoption of the platform. A portion of the tokens is allocated to the Enjin team, advisors, and early contributors. Another portion is reserved for marketing, partnerships, and ecosystem development.
Enjin Coin also includes a mechanism in its tokenomics called "melting." This feature allows users to destroy their in-game items in exchange for ENJ. Melting creates scarcity by reducing the supply of certain items, thus increasing their value. It also provides a way for players to convert unused or unwanted items into valuable cryptocurrency.
ENJ use cases
The ENJ token has several use cases within the Enjin ecosystem. It can be used to purchase and trade in-game items on the Enjin marketplace. Additionally, game developers can use ENJ to mint new NFTs, creating unique and valuable assets for their games. ENJ also serves as a means of incentivizing and rewarding community participation and engagement.
Distribution of ENJ
The initial token distribution of ENJ is as follows:
- 40 percent: Private sale
- 40 percent: Public sale
- 10 percent: Team and advisors
- 10 percent: Community, marketing, and partnerships
Revolutionizing gaming with blockchain technology
Enjin is a pioneering blockchain platform that aims to revolutionize the gaming industry. By utilizing NFTs and blockchain technology, Enjin empowers game developers and players by providing them with a decentralized and transparent marketplace for in-game assets. With its native token ENJ, Enjin creates a value-backed economy enabling players to own and monetize their virtual possessions. As the gaming industry continues to grow, Enjin is poised to play a significant role in shaping the future of gaming and blockchain integration.
Disclaimer
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