Cryptocurrency is one of the fastest evolving industries in the world that has provided significant potentials to the digitization of the currency. Coins are the most important fragment of any cryptocurrency platform that facilitates the trading processes. Over the years, there has been a constant emergence of improved and advanced crypto coins aimed to enhance the development of the industry. One of the smartest crypto coins for gamers that are doing rounds in the industry is Enjin coin. There have been instances where the cryptocurrency industry aimed to focus on the gaming industry, but none of the efforts were proven to be successful. However, the Enjin project, since its beginning, has been a significant contribution to the Minecraft platform.
Enjin is beyond just a crypto coin; it is a blockchain solution that can resolve your long term issues related to virtual goods in the gaming ecosystem. There are plenty of things that you can explore about Enjin coins. If you are interested to know more about the revolutionary Enjin and everything related to the Enjin coin, then this Enjin Review 2020 will certainly help you get better information.
Without further ado, let’s begin with knowing more about Enjin.
What is Enjin?
A fastest growing cryptocurrency project that supports 3000,000 gaming communities and has 19 million registered gamers, Enjin has created a breakthrough in the gaming industry. Since its inception in the year 2009, Enjin has created websites, forums, chat groups, and many more essential platforms for gamers, gaming guilds, clans, etc.
It is a Singapore based information technology company that was founded in the year 2009. It was in 2017 that Enjin decided to hold an ICO to introduce their technology on the blockchain as well. This was indeed a starting point of massive transformations in their technology. Though the concept was nothing new in the cryptocurrency world, it was primarily meant to serve as a reliable cryptocurrency bridge between gaming platforms. It was aimed to bring portability and transferability of virtual goods and assets on the gaming platform.
Quick Things That You Need To Know About Enjin
- Enjin Network is also a great social platform and content management system that involves gaming protocols and platforms.
- Enjin wallet can store collectibles and crypto coins.
- Enjin is a universal blockchain explorer which is designed to focus on the user experience and speed.
- Enjin has a solution to scaling problems in the Ethereum blockchain, which is called Efinity.
- Enjin also facilitates Ethereum token and offers end to end eCommerce solutions.
What is Enjin Coin?
Built on the Ethereum network, Enjin is an ERC-20 token. The Enjin project is not only built to benefit the gaming with blockchain, but it also proves to be helpful for smart contracts. It is evident that many fraudulent practices are prevailing in the transfer of virtual goods on gaming platforms. With the Enjin project, the makers are aiming to secure the interest of gamers and prevent them from falling into the pitfalls.
Enjin entered into the blockchain market with some groundbreaking advancements within the Ethereum ecosystem. For instance, Enjin has become the first project that has tested the capabilities of Ethereum’s Raiden Network. Compared to other coins in the market, Enjin coin has more substantial community support that eventually allowed it to create a strong market base. The Enjin project is also quite popular among the game developers and gamers who benefit from the Enjin free website.
Where To Buy Enjin Coins?
Just like any other coins in the market, Enjin coins can be availed in exchange for other crypto coins like Ethereum, QASH, USDT, and Bitcoin. Apart from being the cryptocurrency for gaming platforms, Enjin coins can also be traded on the following exchanges:
As a trader, you need to acquire some quantity of cryptocurrency to trade it for the Enjin tokens on any exchange. Once you avail of the Enjin tokens, you can transfer it to Enjin Wallet.
Buy Your Enjin Coin From ChangeNOW
Apart from the above-mentioned exchanges, one of the biggest crypto exchanges where you can avail Enjin without any hassle is ChangeNOW. It is the world’s largest and the most reliable instant exchange tool from where you can purchase Enjin. This efficient platform supports both fiat money and cryptocurrency. It is one of the top-rated platforms that can facilitate speedy crypto exchange that you are looking for. ChangeNOW works with multiple cryptocurrency trading platforms and exchange partners so that you have to no longer worry about choosing the best exchange rate.
What Makes Enjin Coin Popular in The Market?
The gaming world always had issues of security and trust, but with the inclusion of blockchain technology, there has been a sense of high-level security. Enjin was a great initiative to bring together the gaming ecosystem and blockchain. Enjin coin is known to provide plenty of benefits to the traders, and the following are some essential ones-:
- Trading and Exchanging of digital goods and virtual assets on Blockchain
Enjin coin supports a brand new model of digital ownership exclusively for gamers and content managers. It can be utilized as a decentralized crypto platform to distribute, earn, trade, manage all sorts of virtual goods in the digital ecosystem.
- SDKs For Gaming Platforms
Enjin also extends its support to online gamers as it is exclusively built for the gaming community. The open-source crypto coin has SDKs supporting multiple languages, payment platforms, and wallets.
- Solution For Fraud And High Fees
If stats are to be believed, almost 7.5 items purchased as virtual goods are lost to fraud and malpractice. Enjin coins aim to mitigate such issues by establishing security and trust by having minimal transaction fees. Enjin wallet fees are also minimal that allows gamers to trade within the ecosystem safely.
- Gaming Experience With Real Ownership
Online gamers can trade and exchange assets across different gaming communities, thereby nurturing their wallets with real value and ownership. Enjin wallet allows gamers to store their coins and safely trade them across platforms.
How To Store Your Enjin?
As Enjin is an ERC20 token, you can avail of multiple tokens that can be supported for storing the coin. There are many popular online wallets that can safely store your Enjin coins. Apart from the popular private wallets available for the coins, it is always advised to use the official Enjin Wallets that you can get from your Android and iOS devices.
All You Need To Know About Enjin Smart Wallet
Enjin Smart Wallets is a promising solution to the security and convenience issue prevailing in the cryptocurrency industry. It was launched back in 2018, which offers safe and convenient storage of the coins. Enjin Smart Wallet will also provide you with high-level security and expose you to a wide range of digital currencies as well. To be precise, it supports 700 digital currencies. It is not only used to trade Enthereum, Bitcoin, and other ERC20 tokens, but Enjin Smart Wallet will also help you manage the blockchain-based game assets.
Major Benefits of Enjin Smart Wallet
Enjin Smart Wallet is designed with a primary aim to transform your smartphone into a wallet. It will give you complete control over your private keys and provide a wide range of security features as well. With Enjin Smart Wallet, you can create, track, import, and split your funds into different accounts for efficient management.
With Enjin you can store the following cryptocurrencies:
- ERC20 tokens
- Enjin Coin
- ERC721 tokens
- ERC1155 tokens
- Support a wide range of digital tokens and coins
- Superior security features
- Impressive and simple user interface
- Supports Android and iOS devices
- Higher user ratings
- Not open source
Enjin has brought a significant revolution in the gaming industry by linking it with blockchain. According to the industry experts, there will be several advancements in the Enjin project. It is anticipated that a growing number of bets will be placed on ENJ tokens to enhance its performance. Enjin is undoubtedly one of the efficient and versatile crypto projects exclusively dedicated to the gaming community.
Enjin project is further set to explore new technologies in the gaming and blockchain ecosystem. The above mentioned were some of the vital details that you need to know about Enjin and Enjin coins, Enjin Smart wallets, etc. to help you make a better decision regarding entering the market and reaping its multitudinous benefits.
To learn more about ENJ price prediction, please visit the following Enjin post in our blog.