Enjin Coin (ENJ) Review, Price, Market Cap and more | Coinopsy

Enjin Coin (ENJ) Review, Price, Market Cap and more | Coinopsy

Enjin Coin (ENJ) logo

Enjin Coin (ENJ) - Game Value

Enjin aim to give a true sense of ownership and value to items by allowing players a quick fraud proof transaction when selling or buying in game items or privileges.
Enjin Coin's current price is $0.074 USD. In the past 24 hours, Enjin Coin's price has decreased by -3.9 percents..
Name (Ticker)
Enjin Coin (ENJ)
Price (USD)
$0.0738344176374
Rank
82
Active Supply
799.4 million
Total Supply
1.0 billion
Volume(24H)
4.2 million
Market cap
59.0 million
Fun Name
Game Value
Meta Tags
Website Links
Social Links
Block Explorer

Enjin Coin (ENJ) Chart

Pros of Enjin Coin (ENJ)

  • Growing gaming market
  • Big user base
  • Digital backing

Cons of Enjin Coin (ENJ)

  • No physical backing (asset, profits, commodity)
  • One large pillar

Enjin Coin (ENJ) Review

Enjin is an ERC20 Token that started out as an ICO around August 2017 and opened its Token Sale publicly be purchased a few months later in October. Enjin is being designed for the gaming industry with both developers and gamers in mind.

Enjin aim to give a true sense of ownership and value to items. I will go more into this later on. The experience they are designing will gives players a very quick fraudless transaction when selling or buying in game items or privileges.

  • True sense of ownership

Enjin Coin (ENJ) Summary

EnjinCoin is very promising. It has a working use case with in a very large community and is proven to be very useful. While the ownership is not the only part of EnjinCoin, in my mind it is the most prominent feature it has to offer and what makes it stand apart from the competitors that are in the same market.

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Enjin Coin (ENJ) Benefits for Content Creators/Publishers

  • Create new tokens to represent virtual currencies, game items, or privileges.
  • Create and manage virtual goods programmatically or via an app.
  • Create time limited or subscription based virtual goods.
  • Mint non-fungible items or special edition items.
  • Setup a virtual goods store.
  • Run a decentralized payment gateway with no middle-man.
  • Transparent transactions. Setup reports and commission systems.
  • No fraud, chargebacks, or cancellations.
  • Minimal fees for blockchain transactions and no commission fees.
  • Open-source suite of APIs and SDKs for every popular platform and engine.
  • Smart wallets that facilitate easy automatic payments from users.
  • Easily setup a site and mobile community with full virtual goods integration.

Enjin Coin (ENJ) Technical Overview

ENJ cryptocurrency is a digital platform token based on Ethereum network for creating centralized applications in the game field. With Enjin Coin (ERC20 token standard), developers can not only create virtual game products but also implement them. 

The most common use of Enjin is to create community, clan or guild sites. Modules built on the Enjin platform, such as the Wiki page, ticket support system, message board, and application system, allow users to create a custom website specifically for their communities.

Enjin Coin (ENJ) Benefits for Gamers

  • Buy & sell items with no risk of fraud.
  • Trade between gaming items from different games using Bancor for liquidity.
  • Take your currency with you across any community or game and retain value.
  • Own valuable currency and rare items that can never be taken away.
  • Use Enjin’s marketplace and social network to find and trade game items.
  • Earn Enjin coins playing games.
  • Convert custom virtual goods directly back to Enjin Coins and retain value.
  • Earn coins by participating in communities and posting on forums.
  • Buy in-game items on thousands of game servers and games that support ENJ.
  • Prove ownership of items by showing them off in website widgets.

Enjin Coin (ENJ) Benefits for Communities

  • Gamify your website and mobile community with custom Enjin Coins
  • Increase user participation and contribution on forums and walls.
  • Automate rewards and setup a variety of condition based triggers.
  • Tie-in your community rewards with in-game goods on servers or games.

Enjin Coin (ENJ) Team

  • Maxim Blagov
  • Witek Radomski
  • Josh Woelfel
  • Vyacheslav Volkov
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Enjin Coin (ENJ) Hardware Wallets

Since ENJ is an ERC-20 based token, it can be stored both on the Ledger and Trezor.

Ledger

As for using the Nano Ledger S, the first step towards setting up your device is unboxing you device and checking if you have received all the accessories with the device. Once you have unboxed your device, you need to configure it and initialize it before being able to use it. The process is quite simple and will hardly take about 20-30 minutes post which you will be set to use your Ledger Nano S device.

 

Before you start

Install the Ethereum app

  1. Open the Manager in Ledger Live.
  2. Connect and unlock your Ledger device.
  3. If asked, allow the manager on your device.
  4. Find Ethereum in the app catalog.
  5. Click the Install button of the app.
    • An installation window appears.
    • Your device will display Processing...
    • The app installation is confirmed.

Next steps

  • Check the MyEtherWallet user guide for setup instructions.
  • Reach out to MyEtherWallet via email for support.
  • Activate contract data in the settings of the app if you want to send ERC-20 tokens, else invalid status 6a80 is returned.

This video does a pretty good job at explaining how the setup works.

Trezor

As for Trezor, installing is really simple. To properly install it users should attach the unit to the computer. After that continue with installing the  bridge which allows the Trezor to join with the computer. The first step is to connect the Trezor to device’s USB slot with the cable given in the box.  After that, go to myTrezor.com and proceed with installing the browser extension. Trezor can also be used on Android or an iPhone, or on a Windows or Mac computer. Now, initiate the extension and myTrezor will direct you to pick a PIN. After this, you will notice nine buttons but the numbers are hidden. After this, users should check the Trezor’s screen to recognize which numbers are in which place because it switches every time. Now set the PIN. Shortly after, Trezor should present a 24-word wallet “seed”. In short, one word at a time. Note down this seed and save it carefully. If your Trezor device malfunctions or is lost, you can utilize the seed to reconstruct the complete wallet. This video explains how to set up your trezor quite well. 

Enjin Coin (ENJ) Desktop Wallets

Exodus

First, we have Exodus, which supports a ton of other cryptocurrencies along with ENJ and is pretty straightforward and easy to use. Just download the app from the official site(exodus.io) and get straight into creating your wallet.  Exodus stores your Private Keys on the machine you choose and not on any server, providing you with a relative peace of mind when it comes to the security of your coins. 

Atomic Wallet

Another option is Atomic Wallet.

Atomic Wallet is a desktop wallet built with security, anonymity and decentralization in mind.

Atomic Wallet was designed to leverage the potential of atomic swaps and become part of a fully-fledged decentralized cryptocurrency ecosystem. 

The “physical” wallet itself is a PC application that can be downloaded onto your computer. Your private keys and other data will then be stored on your PC in an encrypted form.

This means you hold your own keys, which are encrypted and kept only on your own device, control your own funds and can efficiently swap tokens without needing to go through a centralized exchange.

This application then interacts with the blockchains of supported coins. For example, if you check your transaction history in the program, it looks it up on the blockchain and then shows it to you, rather than storing this potentially sensitive information somewhere.

Enjin Coin (ENJ) Online/Web Wallets

MEW

ENJ is based on the Ethereum ERC-20 standard which means that all ERC-20 supporting wallets can house your ENJ. For an online-based wallet, we recommend MyEtherWallet. The wallet offers a brilliant combination of speed, trustworthiness and simplicity, making it the most popular online wallet for ether and any ERC20-based tokens.

Simply visit myetherwallet.com and set up your wallet with a method of your choosing, just make sure to store your private key somewhere safe. It's wise to have it written down on paper in case your PC/notebook malfunctions.

The only downside to using an online wallet like MEW is that there are literally hundreds of phishing scams out there to get your eth, so you better double check the address everytime and make sure to watch out for any malicious activity on your browser or PC.

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