What is Enjin Coin?
Enjin is a blockchain gaming ecosystem with various gaming products, including its flagship social gaming network known as Enjin network. Users can create clans and interact with others on the platform. Enjin coin is used to buy, sell and trade in-game digital assets. ENJ is locked in every digital asset created or mined on the platform, giving it intrinsic value and instant liquidity. ENJ can be retrieved by “melting” or destroying the assets or NFTs. This adds utility to the gaming platform. Gamers, developers and other stakeholders can monetize their tokenized digital assets in order to acquire, engage and retain supporters.
Why buy Enjin Coin?
The Enjin platform has simplified the creation, minting and integration of digital assets. This has boosted the growing adoption of decentralization in the gaming industry. ENJ is an ERC-20 token. Since every digital asset minted on the blockchain is tokenized with ENJ, they have real world liquidity. Enjin coin is backed by secure smart contracts and can be traded on the Enjin platform. Once ENJ is minted into an asset, it is removed from circulation and hence its supply is reduced.
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