Review on Enjin by Bukola Joy

Name: Enjin
Item: Enjin
Rating: 4

May 06, 2021

Enjin a gaming platform

Check this Enjin cryptocurencies exchange platform review out which is what I have for you. It was established in in May 1,2009 by  Maxim Blagov, Witek Radomski and has headquarters in Asia Pacific APAC. 
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Enjin cryptocurencies exchange platform is house to over 250,000 top Gaming Communities, but also the creators of Enjin Coin and it's cutting edge Blockchain Gaming tools. ENJ is set out to create a whole ecosystem for Gaming entities from Publishers to Indies in enabling them to create a new revenue streams and new experiences for their players.
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Enjin Coin (ENJ) is an Ethereum token that aims to “make it easy for individuals, businesses, and brands to use non-fungible tokens (NFTs).” ENJ is used to directly back the value of NFTs minted within the Enjin ecosystem.
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 It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.
Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users like
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Infuses them with a reserve value
Ensures their transparency and scarcity
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Gives them instance liquidity
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Provides utility in games and apps
Anti-inflationary
Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.
Enjin Coin is an ERC-20 token issued on the Ethereum blockchain, meaning that any on-chain ENJ transactions are validated and secured by the Ethereum network using a proof-of-work consensus algorithm. Miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.
The underlying smart contracts that power Enjin Coin have undergone several audits, including by Ethereum developer Matthew Di Ferrante in September 2017, smart-contract auditor and developer ZK Labs in early 2018, and Castillo Network in July 2019.
In October 2020, Enjin launched a bug bounty program via information security company HackerOne.
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