What You Need To Know About Enjin Coin?
Blockchain technology is tightly bonded with the gaming communities. Enjin — a utility token created specifically for the purposes of the gaming platform is the best example.
The increasing popularity of tokenized digital assets is revolutionizing the gaming market. To keep up with the emerging trends, business enterprises are weighing the possibility of integrating blockchain assets into their platforms. Enjin coin is an example of such a revolution.
What is Enjin?
Enjin started off as a social gaming platform in 2009 and was founded in Singapore. It met with an enthusiastic response primarily from gaming communities in Singapore and Korea. With a strong community base at home, Enjin continued its expansion spree by gradually roping in players across the globe. Today, it has over 20 million users worldwide.
One might wonder — What's so unique about the Enjin platform? To clarify, there are a few aspects worth mentioning here. To start with, Enjin allows members to create groups to build and gather a fanbase of particular games. Additionally, users can also create websites within it as well as manage them using CMS. Not just the players, Enjin also enables developers to create mobile gaming apps using the platform's ready-made tools. The initiative to bring gamers and game developers under the same roof can prove extremely valuable in the long run.
What is Enjin Coin?
Enjin Coin (ENJ) was created in response to a growing demand for utility tokens; tokens that would be used for multiple purposes by the platform users. Its creators have decided to take advantage of the possibilities that the Ethereum blockchain network offers. Gamers can use ENJ to get access to various app functionalities. They also get rewarded for their advance by receiving Enjin coins.
Using Enjin coin, participants can emit fungible, half-fungible and non-fungible tokens. With Enjin, creating your own custom coin is simple and doesn't require any technical background in development.
Buying Enjin Coin?
The market cap of Enjin coin ENJ, as all the tokens tied to the Ethereum, is changing dynamically. Lately it's been gathering interest due to sudden value increase in 2021. In March 2021, the price of the Enjin coin has suddenly tripled and in the next months, it's been reaching even higher peaks. The growth has slowed down in the second half of the year, but Enjin coin price remained high.
You can manage your tokens through a digital Enjin wallet, which is available both for Android and iOS. Before investing in Enjin coin ENJ, you should always check a current price. They tend to change very dynamically, so if you want to buy a significant amount, it's worth reaching out for an investment advice.
Enjin price will most likely rise until the end of 2021. Keep yourself updated!
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