- Blockchain: Ethereum
- Game(s): Lost Relics
- Whitepaper:
$ENJ (Enjin Coin) is the native utility and governance token of the Enjin Blockchain, supporting blockchain-based gaming and NFT ecosystems. It powers a wide range of functions including minting NFTs, paying transaction fees, staking for network security, and participating in governance. ENJ is infused into digital assets to provide intrinsic value, enabling true ownership and liquidity for players and creators.
It is a fungible, Ethereum-based token limited to a total original supply of 1,980,000,000.
The price of this token is subject to high volatility.
What are $ENJ tokens used for?
- NFT Minting – ENJ is used to create blockchain-based in-game items with real-world value.
- Medium of Exchange – ENJ is used to buy and sell ENJ-backed NFTs on marketplaces and in games that support it.
- Transaction fees – Pay for transactions on the Enjin Blockchain.
- Staking – Stake ENJ for network participation and potential rewards.
- Governance – Vote on key decisions in the Enjin ecosystem.
- Cross-game assets – Use ENJ-backed items across multiple games.
- Developer funding – Enable in-game economies and monetization for game creators.
How to acquire $ENJ tokens?
- In-Game Rewards: Players can earn $ENJ by engaging in activities and completing objectives in games that integrate the ENJ token as reward.
- NFT Melting – NFTs created using $ENJ can be destroyed to reclaim the $ENJ stored inside them.
- Marketplace Trading: $ENJ can be earned through NFT transactions in designated marketplaces (e.g. NFT.io).
- Airdrop Campaigns: Players may obtain $ENJ through airdrop events, including collaborative and partnership drops.
- Community Initiatives: In some cases, $ENJ may be earned by contributing to user-generated content initiatives or creating valuable content that enhances the ENJ community.
- Crypto Exchanges: $ENJ may be purchased on a cryptocurrency exchange, and imported into games through a player’s crypto wallet.
⚠ Disclaimer: The above information has been gathered from the coin's whitepaper and other official sources, such as social media channels. Some features may be planned, but never implemented. Web3gamer doesn't recommend buying cryptocurrencies except for gaming purposes, within your standard gaming budget, and after fully assessing and understanding the associated risks.