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ENJIN – STRONG BUY
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About Enjin Coin
Since its founding in 2009, Enjin has launched a gaming community platform called the Enjin Network and has grown it to approximately 20+ million users.
In 2017 following an ICO that reportedly raised $18.9 million, Enjin has been building a suite of user-centric blockchain products that aims to enable anyone to create, manage, trade, store, explore, distribute, and integrate blockchain assets.
The Enjin ecosystem (comprising the Enjin Platform, Explorer, Wallet, Beam) aims to empower gamers with ownership of digital assets and enables game industry businesses to increase revenue. Enjin’s tools and services can also be used by companies seeking to create blockchain products or utilize tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies.
The Enjin ecosystem is fueled by Enjin Coin (ENJ), an Ethereum-based cryptocurrency used to directly back the value of blockchain assets.
According to the team, there are currently millions of ENJ locked in blockchain-based digital assets.