Enjin is a company with an ecosystem of blockchain-focused products, mainly related to gaming and nonfungible tokens (NFTs). What is Enjin Coin (ENJ)? Enjin Coin is a token running on the Ethereum blockchain that is one of the main assets used within the Enjin ecosystem. Enjin Coin’s ticker symbol is ENJ.
How does Enjin Coin (ENJ) work?
Enjin Coin is part of the broader Enjin ecosystem. Who are the founders of Enjin Coin? Witek Radomski and Maxim Blagov established Enjin as a company in 2009. Shortly afterward, they launched an online forum for the gaming community, naming it the Enjin Network. The company later transitioned to focus on blockchain after having an initial coin offering (ICO) in 2017.
Over the years, Enjin has developed several blockchain-related offerings, particularly the Enjin Platform — a blockchain platform giving developers infrastructure to help simplify the process of building blockchain games and various types of NFTs.
Assets built via the Enjin Platform utilize Ethereum’s ERC-1155 token standard, which allows for both fungible and nonfungible tokens to be created. Radomski is one of the people responsible for ERC-1155’s conception as an Ethereum token standard. Enjin also has a private mainnet blockchain that is available for building NFTs. Called JumpNet, the blockchain uses a proof-of-authority (PoA) consensus algorithm and has a native asset known as JENJ. ERC-1155 tokens built via the Enjin Platform are backed by ENJ, while tokens built on JumpNet are backed by JENJ.
Enjin Coin USD price
While “coin” is a part of its name, Enjin Coin is technically a token, as it was built on Ethereum instead of its own blockchain. JENJ, on the other hand, is a coin because it’s the native asset of the JumpNet blockchain. The Enjin Coin circulation supply (ENJ circulating supply) is 1 billion tokens. The Enjin Coin maximum supply is also 1 billion tokens, meaning all tokens have entered circulation.
The Enjin Coin price today can be valued in U.S. dollars (USD), shown in the ENJ to USD live price at the top of the page. This page also includes the Enjin Coin marketcap, an Enjin Coin price chart and more. Wondering how to buy Enjin Coin (ENJ)? Or where to buy Enjin Coin (ENJ)? Numerous crypto exchanges facilitate ENJ trading.