Enjin Coin

Enjin Coin is a decentralized cryptocurrency, started in 2017 by Enjin, a company focused on blockchain-based gaming and digital assets. 

What can you do with Enjin Coin (ENJ)?

Compatible with the Ethereum network, ENJ, pronounced “Ehn-jin,” is an ERC-20 token. You can use ENJ to trade and stake digital currencies, as well as participate in the Ethereum network. Enjin Coin’s ecosystem is powered by technology called smart contracts. 

What is a smart contract?

A smart contract is a digital agreement written in computer code that lives on Enjin Coin's blockchain. It automatically does something when certain conditions are met. For example, if you send me 1 ENJ, the smart contract instantly mints a digital asset or NFT backed by that ENJ. No human needs to be there to make it work; the smart contract follows the rules it was programmed with.

Why is the Ethereum network important for ENJ?

The Ethereum blockchain network that the ENJ token is compatible with is a huge, secure, ever-growing ledger of smart contract transactions, which everyone can see, and is immutable. Once a traditional smart contract is created, it can't be altered. These types of smart contracts will always follow the original rules that they were programmed with. Upgradable smart contracts allow for changes to be made, adapting to new requirements, or fixing bugs.

What are the most popular use cases for Enjin Coin (ENJ)?

Today, gaming and NFTs are the most popular use cases for ENJ. Named after its parent company, Enjin, ENJ token owners are typically gamers, developers, and participants in blockchain-based digital economies.