Enjin Coin (ENJ)

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Enjin aim to give a true sense of ownership and value to items. Gives players a very quick fraudless transaction when selling or buying in game items or privileges.

Our Joke Name

Enjin = Game Value

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (EJN)

Coin or Token

Circulating Supply (756 million)

Total Supply (1 billion)

Block time (Under 60 seconds)

Market Cap Ranking

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.

Aim

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.

Key Features

● True sense of ownership

This is an idea is where i see the innovation coming out of the Enjin team.

The current model for games lacks the users true ownership. Let us take the game Counter Strike: Global Offensive for example. The account you own acquires skins through unboxing which can be sold and bought on the market place. Now if the CS:GO servers where to get shutdown all the players lose every skin they have and along with the skin, its dollar value.

EnjinCoin solves the ownership problem that can arise by backing each in game item with a smart contract and a set value of Enjin attached to the item in the owners name, giving true ownership of that item to the player. In the event of a server shutting down the player can exchange the item for the Enjin in the smart contract and the item would get burnt.

EnjinCoin has a very large use amongst the Minecraft community, Altho they have adoption and use in other smaller communities if minecraft ever loses popularity in the future we could see EnjinCoin take a large hit.

Key Team Members

  • Maxim Blagov
  • Witek Radomski
  • Josh Woelfel
  • Vyacheslav Volkov

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.

Pros

  • Growing gaming market
  • Big user base
  • Digital backing

Cons

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