What is Enjin? (ENJ)

Enjin is a cryptocurrency launched in 2017 by the company Enjin.Enjin Coin is an ERC-20 compatible token, which means you can send and receive it using an Ethereum wallet. But the technology behind Enjin does more than just handle that single currency.

Enjin is designed to integrate with games—you can use Enjin Coin as a currency and use the Enjin wallet to buy, sell, and trade NFTs. For example, MMORPG players may buy an item in Enjin usable across multiple games and easily tradeable or sellable in an online marketplace.

The company behind Enjin is based in Singapore and works with companies to implement their own solutions on the Enjin platform.

Special Features of Enjin
Many cryptocurrencies are simply a currency, used similar to a dollar or gold brick to transact or hold value. Enjin Coin is similarly tradable, but it has a more focused use case for games, NFTs, and other assets and applications on its platform.

Items listed for sale in the Enjin marketplace are usable in games like Lost Relics and Spirit Clash. You’ll need ENJ to transfer items to other players. That makes it more viable than some competing currencies such as Dogecoin that don’t have a built-in use.

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