Enjin Coin (ENJ)

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Official site (website): https://www.enjin.com Official site (website): https://enjincoin.io Android app download: https://play.google.com/store/apps/details?id=com.enjin.mobile.wallet Official Twitter account: https://twitter.com/enjin Official Telegram channel (group): https://t.me/enjin_coin Reddit: https://www.reddit.com/r/EnjinCoin/ YouTube video (channel): https://www.youtube.com/channel/UC7F0a-BLue6W5E0Qcg-r5kw Official Facebook account (fb): https://www.facebook.com/enjinsocial Official blog (news): https://www.enjin.com/blog Github: https://github.com/enjin/contracts Discussion forum: https://www.enjin.com/forums PDF document file: https://enjincoin.io/enjincoin_whitepaper.pdf Discussion forum: https://bitcointalk.org/index.php?topic=2042871.0 Explorer: https://etherscan.io/token/EnjinCoin Explorer: https://ethplorer.io/address/0xf629cbd94d3791c9250152bd8dfbdf380e2a3b9c CoinMarketCap (coin market cap): https://coinmarketcap.com/currencies/enjin-coin/#markets Alexa website traffic ranking: https://www.alexa.com/siteinfo/enjin.com

Truth and facts[edit]

  • Enjin Coin is the decentralized smart cryptocurrency for gaming.
  • Enjin Coin is a smart cryptocurrency for creating better game items and currencies.
  • Game developers can build better games using engine tokens and smart contracts to ensure security, item value and minimal fees.
  • Players can buy, sell and trade items with others across thousands of games.
  • Enjin Coin runs on Ethereum, a huge decentralized network of computers across the world.
  • Enjin coin is both a cryptocurrency and the utility token designed specifically for gamers and game developers.
  • Enjin coin allows the creation of in-game items and virtual goods on blockchain.
  • The Enjin coin platform is made for the game industry, with developing software development kits from multiple languages, wallets and payment platforms, all freely available for anyone to use.
  • Developers will be able to issue, manage, and create virtual currencies, game items or privilege based tokens with ease, inject the power of blockchain into games with Enjin Coin, create time limited or subscription-based virtual goods, mint non-fungible or special edition items.

Official

  • Enjin Coin (ENJ) is based in Singapore.

Token

  • The official ticker symbol for Enjin Coin token: ENJ
  • Token type: ERC20
  • Total token supply: 1,000,000,000 ENJ
  • Circulating Supply: 756,192,535 ENJ

ICO

  • ICO from 3 Oct 2017 to 31 Oct 2017.
  • Pre-ICO from 21 Aug 2017 to 15 Sep 2017.

Video Playlist[edit]

What is Enjin Coin?

00:00 Online gamers put a lot of time and money into playing their favorite games.
00:02 But game items are not decentralized, so a player could lose everything.
00:07 But now there's engine coin, a smart cryptocurrency for creating better game items and currencies.
00:14 Game developers can build better games using engine tokens and smart contracts to ensure security, item value and minimal fees.
00:21 Players can buy, sell and trade items with others across thousands of games.

Enjin Coin Video Overview

00:00 Hi I'm Lilia, a community manager for Enjin.
00:02 I'm going to give you a quick overview of Enjin coin.
00:04 What is Enjin coin? Enjin coin is like a big coin for gamers but much more advanced.
00:09 It runs on Ethereum, a huge decentralized network of computers across the world.
00:14 This network allows running custom applications that will power Enjin coin.
00:20 Enjin coin is going to change the gaming world and the Enjin network is the launch pad where millions of gamers will start using the coin.
00:27 So what can Enjin coin do? Enjin coin is both a cryptocurrency and the utility token designed specifically for gamers and game developers.
00:36 It allows the creation of in-game items and virtual goods on blockchain.
00:41 We foresee blockchain as the next revolution that games will be fantasy in future gameplay, as it gives us the security and incentive to participate for real ownership and value.
00:50 If you're a gamer, then you know how good it feels to get that rare item or how rewarding it can be be to score a big loot.
00:58 With Enjin coin, these rewards transcend the game and you will hold real world value.
01:06 Items minted with Enjin coin will gain instant protection from fraud and hackers, and you'll be able to trade them across all supported games and communities.
01:16 So how does this benefit developers?
01:18 The Enjin coin platform is made for the game industry.
01:21 We are developing software development kits from multiple languages, wallets and payment platforms, all freely available for anyone to use.
01:30 Developers will be able to issue, manage, and create virtual currencies, game items or privilege based tokens with ease.
01:38 Inject the power of blockchain into games with Enjin Coin.
01:42 Create time limited or subscription-based virtual goods, Mint non-fungible or special edition items, the possibility are insane.
01:50 This is just a small snippet of what anyone can do.
01:53 Visit our website at enjincoin.io, check out the white paper, hit like and subscribe for more.

ICO Review: Enjin Coin (ENJ) - Smart Cryptocurrency for Gaming

00:00 Hi there, this is Victoria from crush crypto dot com.
00:02 In this video, I will be covering Enjin Coin, a new cryptocurrency for a gaming content management platform known as Enjin.
00:07 A quick disclaimer before I start, we aren't paid or mandated to do any of our reviews, this is just a personal opinion and analysis and not investment advice.
00:15 Enjin is an established all-in-one website content management system for the gaming community and they have been around since 2009.
00:26 It is most commonly used for building clan, community or guild websites for popular games like minecraft and world of warcraft.
00:33 This graphic shows some of the key features that they offer, including an easy website builder, forums, mobile apps and so on.
00:42 The platform also has over 70 modules that users can use to create a customized website specifically for their communities, by adding things like their own wiki page, a support ticket system, a forum board and so on.
00:54 Enjin January's revenues through packages that start from $0 up to $30 a month.
01:00 Here are some stats on Enjin.
01:00 According to the white paper, as of June, they have 250,000 gaming communities across thousands of games.
01:08 They also have almost 19 million registered gamers and 3.5 million active users.
01:13 As of August, they have 12 million global visits and 52 million global views on a monthly basis for Enjin Network.
01:20 They are still quite popular but it appears traffic has been declining since it peaked in mid 2014.
01:26 Here's a screenshot of one of the most popular communities created using Enjin.
01:32 Mineplex has over 1.1 million registered users, they have various modules on their site including teamspeak 3 which is a chat hub for online gaming, an online forum, a support ticket system and an online store.
01:43 The Enjin team is now issuing a new cryptocurrency called the Enjin coin or ENJ for short.
01:50 These ERC 20 tokens give game developers, content creators in gaming communities, the currency and tools for implementing and managing virtual goods.
01:59 With these tokens, Enjin plans to develop open source SDKs wallet, game plugins, virtual item management apps and a payment gateway platform.
02:07 In conjunction with a new Enjin coin, the Enjin team also plans to roll out the Enjin wallet, which essentially processes in-game purchases and trades.
02:16 This is a user interface for their wallet with custom in-game items and currencies.
02:22 And here's a summary of their technical development roadmap for Enjin coin.
02:27 According to the white paper, the Enjin platform will have full support for ENJ tokens within the next six months.
02:33 Enjin will be issuing ENJ tokens starting on October 3rd in a public crowd sale, and the tokens will be distributed once the crowd sale has ended.
02:42 The hard cap is set at 50-thousand ether at a conversion of one ether for 6000 tokens in the first week.
02:46 This bonus structure will drop off to one ether for 3,000 tokens in the fourth week.
02:51 The total token supply is 1 billion ENJ tokens.
02:56 So assuming the hard cap is reached in week 1 and accounting for the pre-sale contribution of 12 million dollars, the maximum market cap on a fully diluted basis is 31 million dollars.
03:06 This chart shows how the tokens will be allocated.
03:08 10% of the tokens will be going to the team and advisors with a lot a period of 6 months for the team and a lock-up period of 2 months for the advisors.
03:17 And this chart shows how the funds from the crowdsale will be used.
03:19 For the most up-to-date information, please visit their official website.
03:23 Enjin Coin is to be a common currency between multiple games that are implemented, providing portability and transferability of virtual goods and digital assets.
03:33 ENJ tokens can potentially be used for various things such as linking community rewards, with in-game goods on servers or games, ability to create a new token to represent virtual currencies, game items or privileges, ability to set up a virtual good store, ability to trade gaming items from different games for liquidity and the ability to take that token across any community or a game and retain value.
03:58 As ENJ tokens can be used for various activities on the Enjin platform, with more usage and more integration with the platform, the more valuable these tokens should theoretically be.
04:08 Enjin has a core team of eight people with the majority of the team having worked at Enjin for several years already.
04:15 The CEO and co-founder has 15 years of expertise in creative direction, project management and user experience design.
04:22 The CTO has overseen the technical and engine for nearly a decade.
04:26 Some of their partners include bankcor, prime tech, Vanbex group and the integrated engineering blockchain consortium.
04:33 So onto the opportunities, the gaming industry is large and growing very rapidly.
04:40 According to their white paper, the global gaming market could reach a hundred and twenty eight point five billion dollars by 2020, with over fifty percent coming from mobile games.
04:48 If Enjin can achieve this vision, the value of their ecosystem could potentially be higher than its 25 million initial market cap, or 31 million dollars on a fully diluted basis.
04:58 And some of their opportunities, the team behind engine grew the web site from almost zero traffic in mid 2011 to over 50 to a million global visits per month.
05:09 So this speaks to the ability of the team and the popularity of their platform.
05:13 According to Alexa, Enjin.com is ranked 7132 globally in terms of website traffic.
05:21 The ENJ tokens will be introduced to engine communities pretty quickly, which is not something that other ICO tokens can do at the moment.
05:27 The tokens will likely gain traction in the near future.
05:31 And finally the Enjin platform is quite established already with a lot of registered users.
05:35 The white paper also has good stats and commentary on the gaming industry, so the team seems to know what they are talking about.
05:42 And here are some of our concerns.
05:45 The pre-cell investors received a much more favorable conversion rate and they received a bonus ranging from five to fifty percent depending on the amount that they contributed.
05:55 This means that their cost spaces could be as low as 40 percent of the price to be paid by the public crowd sale participants.
06:01 This could create selling pressure once the tokens are treatable, as free sell participants may be willing to sell at much lower prices than the public crowds their participants.
06:11 This table summarizes the differences in token allocation and conversion rates.
06:16 Although the website and paper says 400 million tokens are allocated to the pre sell and another 400 million tokens to the public crowd sale, in reality, the pre sale participants will have 500 million tokens as they were given a bonus of 100 million tokens.
06:32 Here are some of our other concerns.
06:33 Generally speaking, if a project is willing to give out a lot bonuses or discounts, it could indicate lower quality of the project or token sale, unless those participants can genuinely a strategic value to the projects.
06:48 We feel that giving a 50% bonus for anyone contributing over two million dollars may be unfair to public crowdsale participants.
06:56 During the pre-sale, a group of participants worked out a deal of Enjin and created a group on Ethereum smart contract that was reviewed by Enjin CTO.
07:05 However the contract was found to have a critical flaw and the kill switch for the contract had to be activated.
07:10 This may cause some to question the team's technical competency in relation to blockchain developments.
07:16 And finally, we are not sure if in-game traits can really be made in a trustless fashion on the engine platform.
07:23 The escrow feature seems like it would require a redesign of various games to integrate with the ENJ tokens and the escrow account.
07:29 For example, if a trade involves someone paying ENJ tokens in exchange for an in-game weapon, where will the virtual weapon be sent to?
07:38 There is no escrow account for in-game items to be sent to unless the game redesigns and specifically creates one.
07:44 There needs to be some mechanism to verify the correct in-game item and the correct amount of ENJ tokens are being exchanged before the trade is executed.
07:53 Overall, the concept for the project is quite interesting and if they are successful, they sent a benefit from adoption of their tokens by the large existing community of 19 million registered users.
08:03 They could also provide the solution for solving issues surrounding the purchase of virtual goods such as payment fraud, high fees and slow transactions.
08:13 From an investment perspective though, we currently have a negative view on flipping.
08:18 Our main concern is that pre sale participants may be willing to sell their tokens at a much lower price than public crown sale participants, since they received a hundred and fifteen percent bonus on average.
08:29 In addition, the pre-sale participants were allocated more tokens than those in the public crowdsale, so the potential selling pressure from the pre-sale participants will be substantial.
08:39 For long-term holding, we have a neutral view.
08:42 While the potential is there, we believe there may be some technical difficulties in integrating the tokens into different games to facilitate trustless in-game trades.
08:49 As the tokens can only be on the Enjin platform, this may restrict the use of ENJ tokens until they overcome these barriers.
08:57 Thank you very much for watching this video, please check out our website at crush crypto dot com for a full report on Enjin coin.
09:04 If you haven't already, please subscribe to our YouTube channel to get the latest updates on the crypto space and upcoming ICO.
09:12 See you next time and I hope you'll keep on crushing your crypto game.

Wallets[edit]

Exchanges[edit]

List of exchanges, trading platform and marketplaces to trade, buy and sell Enjin Coin (ENJ).

Roadmap[edit]

Date Events and Milestones
21 Aug 2017 - 15 Sep 2017 Presale sold out! 38,800 ETH Raised (~$12 Million USD)
3 Oct 2017 - 31 Oct 2017 ICO completed! 75,084 ETH (23M) raised from 18,559 backers.
Q4 2017
  • Core Smart Contracts
  • Platform API
  • Mobile Smart Wallet (Core features)
  • Minecraft Plugin
  • Java SDK
Q1 2018
  • C# SDK
  • Unity SDK
  • Unturned Plugin
  • ARK Survival Evolved Plugin (pending review)
  • Mobile Smart Wallet Updates
  • PC Smart Wallet
  • Enjin Store Modules
  • Enjin Automations
  • Enjin Forum Integration
  • Token Manager
Q2 2018
  • Unreal Development Kit
  • iOS Swift SDK
  • Android SDK
  • Escrow​ Trading ​System
  • PHP SDK
Q3 2018
  • Enjin Mobile App
  • Payment​ ​Gateway​ ​Contract
  • Payment Gateway Framework
Q4 2018
  • Subscription​s
  • TopList​ ​Contract & UI
  • Enjin Coin Community App

Team members[edit]

  • List of team members in Enjin Coin (ENJ).
Official list of team members
Name Position Details
Maxim Blagov CEO, co-founder

Official LinkedIn account: https://www.linkedin.com/in/maxim-blagov/

  • Maxim Blagov is the CEO and co-founder of Enjin Coin (ENJ) cryptocurrency project.
  • Visionary and creative director with 15 years of expertise in creative direction, project management, and UX design. Expert in concept & strategy development for large interactive applications, specializing in the video gaming industry.
  • From Singapore.
  • Graduated from University of Sydney with degree in science field, Computer Science.
Witek Radomski Founder & CTO
Josh Woelfel Lead Engineer
Vyacheslav Volkov Lead Mobile Engineer
Lilia Pritchard Marketing & Operations
Brad Bayliss Security & Full Stack Engineer
Evan Lindsay Java & Game Server Engineer
Chris Hirasawa Community Manager

Advisors[edit]

  • List of advisors for Enjin Coin (ENJ).
Name Details
Anthony Diiorio Co-founder of Ethereum
Pat LaBine Gaming Technical Advisor
Robin Hanson Economics Advisor
Ryan Lackey Security Advisor
Trung Seng Marketing Advisor

Partners[edit]

White papers[edit]

Communities[edit]

API[edit]

Bounty programs[edit]

Affiliate programs[edit]

Frequently asked questions[edit]

Reviews[edit]

References[edit]