Enjin is a company that provides an ecosystem of interconnected games based on blockchain. Enjin’s most popular product is Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item shops. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to support digital assets issued using its platform, which means items can be bought, sold, and traded for value in the real world.
To serve its gaming platform, Enjin launched the Enjin Coin (ENJ) running according to the ERC-20 standard on the Ethereum Blockchain platform, which was released by the company Enjin in 2017.
ENJ (Enjin Coin) is the electronic currency of the game development platform applying Blockchain technology to Enjin. Enjin Coin (ENJ) has two main functions in Enjin’s ecosystem, including: