What is Enjin Coin (ENJ)?
Launched in 2017, the Enjin Coin, ENJ, is a cryptocurrency created by the Enjin company based in Singapore. It is an ERC20 token that operates within the Ethereum ecosystem. Enjin is first and foremost a platform that allows users to manage and store digital assets for use within decentralized games. The Enjin Coin powers the entire Enjin ecosystem which has a focus on NFTs and gaming. Its product suite consists of a marketplace, wallet, and developer platform. It can also be used within games themselves.
ENJ has a total supply of 1,000,000,000.
What are Enjin Coin’s key features and how does it work?
As mentioned, the ecosystem comprises a range of products and services. Users can enter the marketplace and can purchase, trade, and sell NFTs and other digital items for use within games such as Spirit Clash and Lost Relics. Collectibles, Art, Music, and other types of NFTs can also be listed and traded on the platform.
The Enjin platform also provides an end-to-end solution for creating, developing, and launching NFTs, suited for projects and businesses looking to launch their own collections. Digital assets can be tailored to suit specific use cases with the help of Enjin’s software development kits (SDKs).
Enjin also has its own wallet, the Enjin Blockchain Wallet. It is a software wallet, built specifically for mobile devices, that is ideally suited for storing NFTs, as well as for cryptocurrency. Any digital item created within the Enjin network can be sold for ENJ in the wallet.
Additionally, in-game currencies can also be created by developer games. They are created by purchasing ENJ and then using it to transfer value to the currency. Players can then trade these new tokens amongst themselves and later sell them for ENJ, if desired.
Also worth noting, since ENJ is an ERC20 token, it is automatically secured and powered by Ethereum miners.
Where can you buy ENJ?
ENJ is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, OKX, CoinBase Pro, Huobi Global, and KuCoin. The price of ENJ will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for ENJ market prices, please view the price charts on this page.
How to Buy ENJ on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing ENJ. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing ENJ.
Step 5: Purchase ENJ
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of ENJ you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy ENJ.
Step 6: Store Your ENJ
After purchasing, you can choose to store your ENJ in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and ENJ assets, be sure to use a strong password and enable two-factor authentication.
ENJ Price:Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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