Trade ENJ - ENJ Markets, Exchanges, Broker
Since July 2017, Enjin Coin has been a busy player in the crypto currency market. The name alone does not make it clear which target market this is. After a short research, clarity is quickly provided here. It is a smart crypto currency that concentrates on the gaming industry.
The currency is linked to a project called the Enjin Smart Wallet Foundation, which is intended to ensure that the user's smartphone is converted into a heavily insured hardware wallet.
No mining planned
The coins were distributed via an ICO, which took place via a crowdsale. 66% of all coins were circulated. In total, there is a maximum number of 1,000,000,000 ENJ. 18% of this is used for the founding team, while the remaining 16% is reserved for marketing purposes, bounties and various partnerships that are to follow in the future with the game manufacturers.
There is therefore a pre-mining of 34%, which initially resulted in a lot of skepticism among the users. Since the Enjin Coin is listed on many Exchange platforms, it is not too difficult to trade them. The most common crypto currencies are always accepted. These include Bitcoin and Ethereum.
What is the goal of the Enjin Coin?
In the long run, in-game purchases in particular should be able to be processed with this coin. In the further future, gamecards may also be considered, with which, for example, a game subscription for the popular title World of Warcraft could be paid by the manufacturer Blizzard. Whether this will actually be implemented, however, is so far only a stubborn rumor.
The developers haven't really said anything about this yet. Plugins for the game titles Unturned and Minecraft will be available in the near future. Already with the latter the founders provide a well known server landscape to make the game accessible for the users.
The team includes, among other things, a well-known name
Anyone who counts video games among his hobbies has already heard of Pat Labine at some point. Some time ago he worked as a producer and technical director for well-known games like Mass Effect or Dragon Age for Bioware. Now he works as a Gaming Tech Advisor on the development of the Enjin Coin and can use his entire know-how from the gaming industry.
This gives the two founders Maxim Blagov and Witek Radomski a clear advantage. While more and more crypto currencies dedicated to the gaming industry are spreading on the market, hardly any team has such expertise. This is very important for a company that might want to launch its own gaming titles in the future.
Back to the wallet: What do the developers offer for the smartphone?
In order not only to convince them that their own crypto currency has been created on the basis of ERC20, they are focusing on the Enjin Digital Smart Wallet. According to the developers themselves, this is the safest wallet in the world that has been launched on the market to date. Its source code not only includes what is currently regarded as high-end in terms of security algorithms, but also includes targeted two-phase user authentication.
The program is deeply rooted in the operating system that is present on the smartphone and so the device is transformed into an anonymous and highly secure hardware wallet. The data records anchored in the blockchain ensure that no data can be traced, and at the same time there is no access to other apps outside the wallet.