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Enjin Coin: On track to dominate the $100b+ gaming industry
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Ticker code ENJ
Current market cap $191 million
Current coin supply 756,192,535
Comparables (competitors) Gamecredits, Crycash, GTCoin
Website https://enjincoin.io/
Whitepaper https://enjincoin.io/enjincoin_whitepaper.pdf

 

ENJ: Smart cryptocurrency for gaming

EJIN is the largest social gaming website platform in the world, boasting:

  • 18.7 million gamers and hosting over 250,000 gaming communities

  • Reaches 60 million global views per month

  • Millions of USD per month in virtual goods sales

  • Gaming focused CMS & eCommerce platform

 

ENJ coin is an ERC-20 token and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods. Features include:

  • A decentralized platform to manage, distribute, and trade virtual goods on the blockchain

  • The first easy to use gaming cryptocurrency

  • Software Development Kits (SDKs) for the Game Industry

  • A new gaming experience with real ownership & value

 

$100 billion dollar industry

In 2017 the global video game market was estimated to be worth over $108 billion dollars.

By 2020, the gaming indstury is expected to hit $128.5 billion dollars.

Most if not all gamers make in-game purchases for virtual items, such as cosmetics, abilities and perks. It is one of the largest sources of revenue for gaming companies. However, there are a multitude of issues with counterfeit items, delays in payment processing, and lost goods which players can’t recover or transfer.

ENJ seeks to solve this problem. ENJ harnesses the power of the Ethereum blockchain to connect video game communities through commerce. It changes the way we view virtual items by giving them intrinsic value and security, allowing us to truly consider them digital assets. Players can buy and sell virtual goods minted with ENJ instantly and the value of those goods can be transferred from player to player and from game to game with security and trust provided by Enjin’s network.

This year, Enjin’s gaming communities will begin to use the token for minting virtual goods and to make in-game purchases.

 

Enjin Smart Wallet

The Enjin wallet seeks to be the most streamlined cryptocurrency wallet aimed at gaming.

The Enjin Wallet streamlines the user experience further by integrating with games and websites that the user trusts. User accounts on each trusted platform will be synced to the user's Ethereum address.

This wallet is a working released product that supports BTC, ETH, ENJ, LTC and all ERC-20 tokens (600 ), making it one of the most comprehensive wallets in the world.

 

Virtual goods store: create a store in minutes

Websites hosted on Enjin Platform can associate a specific wallet containing ENJ and Custom Coins to the website account. This would link any sellable assets to the Enjin Store module admin panel and these could be listed for sale in-game and on the website priced in ENJ, Custom Coins, Bitcoin, Litecoin, Ethereum or Fiat currency.

All of this points to a solid use-case for the ENJ coin.

 

Price analysis: top 30-40

  • ENJ is a unique coin that taps into the gaming indsutry: one of the fastest growing and most profitable industries in the world

  • ENJ coin is backed by Enjin, one of the top gaming platforms with 18.7m users and processes millions of dollars each month in sales

  • Enjin smart wallet is released and a working product, one of the most comprehensive mobile cryptocurrency wallets available, ever

  • The team has shown the technical and marketing capability to deliver on its roadmap to design a game-changer in how virtual goods are sold

On this basis, I would rank ENJ higher than most of the "hype" coins with no working product. If it is ranked around #35, this would give it a marketcap of approximately $900,000.

This represents a potential 400% gain, making it a very attractive coin at current prices.

 

Purchasing ENJ

ENJ is available on Binance | Cryptopia | Kucoin

Note that the Binance and Cryptopia links are my special invite codes. If you register with those, thank you - feel free to message me at any time if you have any questions or want further insight on ENJ or other coins.

 

Would love to hear everyone else's thoughts on this coin.

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6 years ago