Blockchain expertise and cryptocurrencies have taken the world by storm. Since 2019 alone, cryptocurrency adoption has grown by practically 2300 p.c, in response to the 2021 Geography of Cryptocurrency Report by Chainanalysis.
Together with Bitcoin (BTC), Ethereum (ETH), and meme cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and so forth., many others have proved to be a significant attraction for traders and blockchain builders. Enjin Coin is amongst these altcoins.
Enjin is a platform that has empowered customers to create their very own NFTs (and FTs) since 2017. Enjin supplies providers for evolving the blockchain and gaming business and likewise operates a digital items market for digital belongings on Ethereum.
Learn on to study all the things that you must know concerning the Enjin Community, the Enjin Coin (ENJ), and purchase Enjin (ENJ).
Let’s dive in!
What Is Enjin Coin
Enjin coin’s mother or father firm Enjin was launched as a Gaming Group platform in 2009 in Singapore. The founders of the corporate are Maxim Blagov and Witek Radomski.
The corporate’s goal was to develop the gaming business, and its first product was the Enjin Community designed for players. The Enjin Community has grown to over 20 million customers previously decade.
The corporate dwelled into Bitcoin and cryptocurrencies as early as 2012 because of the curiosity of Witek Radomski in Bitcoin. In consequence, Enjin grew to become one of many first firms to simply accept Bitcoin as a cost methodology for its clients.
In 2017, the corporate integrated blockchain expertise into its functioning by conducting its first ICO that raised $18.9 million. The cryptocurrency Enjin (ENJ) got here to life by means of the ICO and was created on the Ethereum blockchain. Nonetheless, it dates again to 2009, when its gaming group platform was launched.
Witek Radomski is without doubt one of the first individuals to write down the code for the primary NFT (Non-Fungible Tokens). It makes the Enjin coin one of many tokens with probably the most real-world use circumstances and robust fundamentals behind it.
Because the Enjin coin’s mother or father firm is targeted on gaming, Enjin coin is solely meant for the gaming business. The Enjin blockchain goals to allow everybody to simply mint, commerce, distribute, and combine blockchain belongings, and so forth.
In 2020, Enjin launched its blockchain asset growth platform, the Enjin Platform, designed to allow tokenized digital belongings’ creation, distribution, storage, commerce, and even integration.
Enjin customers are centered on each gaming and enterprise use circumstances. They create ENJ-backed digital belongings on the Enjin platform and use them creatively – from artwork NFTs (non-fungible tokens) to digital vouchers to objects used throughout totally different video video games.
The Enjin platform is the last word all-in-one tokenization platform primarily based on the user-first strategy. Each token minted on the Enjin platform is backed by the Enjin token, giving it real-life liquidity.
The platform can be utilized to mint each Fungible tokens (ENJ coin) and Non-Fungible Token (NFTs).
All these options make Enjin one of many world’s leaders within the NFT area.
Value Evaluation of Enjin Coin
The Enjin Coin was launched in June 2018 on the Ethereum Mainnet.
The worth of the Enjin Coin has been going up steadily through the years to achieve an all-time excessive of $4.73 on twenty fifth November 2021. Despite the fact that the token’s value has come down beneath $2.5 as of 14th December 2021, it stays one of many hottest cryptocurrencies out there.
Be taught extra concerning the Enjin Coin, the worth historical past, and so forth., on CoinStats.
The utmost provide of ENJ tokens is capped at 1,000,000,000 with 934,340,660 tokens already in circulation with a complete market cap of USD 2.2 Billion, in response to CoinStats. This leaves an immense potential for the market cap to develop and the worth to extend additional in the long term.
Find out how to Purchase
The ENJ token is without doubt one of the most sought-after cryptocurrencies out there, and it’s listed on virtually all main centralized and decentralized exchanges.
The next picture shows the main markets the place you should purchase Enjin Coin ENJ:
Shopping for ENJ may be very simple and just like buying different cryptocurrencies.
Observe our step-by-step information on purchase Enjin on two main exchanges, Binance and Coinbase:
Purchase Enjin Coin on Binance
Binance is without doubt one of the world’s largest centralized cryptocurrency exchanges with a 24-hour buying and selling quantity of greater than 30 billion USD. Binance gives numerous cryptocurrencies and buying and selling pairs, and it additionally lets customers purchase cryptocurrencies utilizing credit score or debit playing cards, financial institution transfers, P2P trades, and so forth.
To purchase ENJ on Binance:
Create a Binance Account
When you don’t have an account on Binance, that you must enroll utilizing your cellphone quantity and electronic mail deal with. Nonetheless, to start out buying and selling, you want additionally to endure a typical KYC process.
General, it solely takes a couple of minutes to sign-up and add the mandatory paperwork to start out buying and selling on Binance.
Add Cash to Your Binance Account
When you’ve efficiently created your account, Binance offers you the choice to make trades in lots of fiat currencies comparable to USD, EURO, INR, GBP, AUD, and so forth. You may add your most popular fiat foreign money to your pockets utilizing financial institution playing cards (credit score/debit), financial institution transfers, and so forth.
Purchase ENJ
The subsequent step in shopping for ENJ is to go to the Spot market on Binance and seek for the ENJ coin. You’ll see all of the belongings in opposition to which you should purchase ENJ. Choose an asset and use the fiat foreign money in your pockets to purchase it first.
For instance, if you wish to purchase ENJ in opposition to USDT (TETHER), buy USDT for the quantity you want to purchase ENJ coin first.
Purchase USDT to swap for ENJ.
When you’ve bought USDT, navigate to the USDT/ENJ pair. Enter the quantity of USDT you’d prefer to swap and execute the commerce for ENJ.
As you possibly can see, shopping for ENJ on Binance is straightforward, making Binance the go-to place for many merchants and traders in ENJ or different cryptocurrencies.
Purchase ENJ Coin on Coinbase
Coinbase can be one of many world’s largest cryptocurrency exchanges relating to the buying and selling quantity and the variety of cryptocurrencies supplied.
Like Binance, Coinbase additionally lets you purchase ENJ in alternate for a number of cryptocurrency tokens.
To purchase ENJ on Coinbase:
Create a Coinbase Account
When you don’t have a Coinbase account, that you must register on the platform by offering private info comparable to your full identify, cellphone quantity, proof of ID, social safety quantity, and electronic mail deal with. You’ll even be required to endure a typical KYC process.
As soon as your account is verified, you’re set to purchase ENJ and begin buying and selling on Coinbase.
Hyperlink a Fee Methodology
Now, you possibly can select your favored fiat foreign money.
Relying in your nation of residence, totally different cost strategies could be out there for you, starting from financial institution or wire transfers to credit score or debit playing cards. There aren’t any transaction charges on financial institution transfers for purchasing ENJ or some other cryptocurrencies on Coinbase; nevertheless, you received’t have the ability to withdraw them for five days.
There are transaction charges on wire transfers, however there isn’t any ready interval.
Purchase ENJ
When you’ve added funds to your account, click on on “Withdraw” and enter the quantity you need to purchase ENJ for. After that, go to “Commerce” and select the market.
Suppose you’re shopping for from the USA, choose “ENJ-USD,” then enter the quantity of ENJ you need to purchase and click on on buy.
Your ENJ Cash will then be displayed in your Coinbase pockets.
Shopping for ENJ on Different Cryptocurrency Exchanges
Aside from Binance and Coinbase, shopping for ENJ is straightforward on all different platforms supporting ENJ. And a whole lot of exchanges, together with Binance, enable skilled merchants to leverage commerce on ENJ and different out there cryptocurrencies.
Nonetheless, remember that cryptocurrencies aren’t regulated and are extremely unstable. The vast majority of cryptocurrency exchanges have confronted a number of cyber-attacks and hacks previously, so it’s important to do your individual analysis and contemplate the dangers earlier than shopping for ENJ or some other tokens.
Every time investing in cryptocurrency tokens, together with ENJ, it’s essential at all times to take a position what one can afford to lose.
Storing Your ENJ Coin
So now that you’ve efficiently bought your first share of ENJ tokens, the subsequent essential step is to maintain your tokens protected.
Whereas most exchanges present a substantial quantity of safety when storing your digital belongings on their platform, most of them are proved to be weak to hacks and different malicious assaults.
So, after you purchase Enjin or some other cryptocurrency, the good factor is to retailer your worthwhile crypto holdings in a cryptocurrency pockets safely.
Software program wallets like Coinbase Pockets and Metamask are good selections for a lot of traders; nevertheless, contemplate buying a {hardware} pockets for security. A Ledger pockets, like Ledger Nano S or X, gives you long-term safe storage and is extremely beneficial as a safe pockets by professionals.
Let’s look into the options of Software program and {Hardware} Wallets:
- Software program Pockets: These are Sizzling Wallets linked to the Web always that retailer the crypto belongings on-line. One of the safe software program wallets is the CoinStats Pockets. You should utilize it to securely retailer all of your belongings and observe their development in real-time. One other instance is the Belief Pockets, which transfers crypto belongings from Binance and different crypto exchanges.
- {Hardware} Pockets: These are Chilly Wallets not linked to the Web that retailer the crypto belongings offline. It may be thought-about a USB-Drive used to retailer crypto belongings as an alternative of knowledge. So, if a {hardware} pockets is your alternative, as soon as you purchase Enjin, and so forth., simply ship them to your offline pockets.
Now you’ve gotten realized all the things concerning the Enjin Community and shopping for Enj.
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