Enjin Coin is the native token of the Enjin ecosystem, which provides blockchain-based related gaming products. Based on the Ethereum network, Enjin Coin is a digital asset that allows users to create websites and clans, chat and host virtual stores.
Enjin Coin was launched on the Ethereum mainnet in June 2018. It is a cryptocurrency used to directly back the value of Non-Fungible Tokens (NFTs). The coin can be converted into many other digital properties like game items or in-game gold.
3. Characteristics of Enjin
Enjin Coin aims to make it easy for people, companies, and brands to use NFTs. The Enjin blockchain ecosystem aims to give software products that make it easy for people to trade, develop, monetize, and market with blockchain.
With Enjin Coin, every token is minted with Enjin Platform and gives in-game items real-world liquidity. The project aims for a future in which millions of gamers use digital things supported by Enjin Coin without even knowing it exists. The coin is a virtual asset made for the game industry.