Enjin Coin is currently trading at $0.3040, after a price change of 1.04% in the last 24 hours.
Ranked as cryptocurrency #92 by capitalization today, ENJ market cap is valued at $304,067,157. ENJ trading volume reached $25,418,533 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ENJ coin price prediction page.
ENJ Coin Price PredictionWhat is Enjin?
Enjin is a decentralized network that supports the creation of digital assets using blockchain technology. The platform enables developers to turn gaming assets into NFTs and integrate them with tokens on the Ethereum ecosystem.
Enjin uses its native token, Enjin Coin, in transactions and smart contracts. ENJ is an ERC-20 token launched on the Ethereum Mainnet in 2018. All transactions with Enjin Coin are validated and secured via Ethereum’s Proof-of-Work consensus mechanism.
Enjin has a feature called the Software Development Kits (SDKs), which equip users with the tools to build virtual goods. Tokens created on the Enjin use the ERC-1155 standard for optimization. The platform runs its own NFT marketplace and a wallet.
There are 836,128,873.568 ENJ tokens in circulation out of a maximum supply of 1,000,0000,000. Enjin’s initial ENJ supply was 500 million tokens availed in the 2017 pre-sale event. Another 300 million ENJ coins were released in October 2017 during an ICO.
Maxim Blagov, currently the company’s CEO, and Witek Radomski, who serves as the Chief Technical Officer, founded Enjin in 2009 as a gaming community.