Enjin Coin, a cryptocurrency developed by Enjin, is tailored for virtual goods within the gaming realm. Enjin, heralded as the "largest online gaming community platform," hosts over 250,000 gaming communities and boasts 18.7 million registered gamers. The Enjin Coin is specifically crafted for the gaming industry, aiming to be the most user-friendly cryptocurrency within this sphere. The initiative encompasses the Enjin Coin alongside a suite of software development kits (SDKs) for seamless integration into games and communities. By infusing blockchain into gaming, Enjin aims to tackle issues like high fees and fraud prevalent in virtual goods transactions.
Operating as an ERC20 token on the
Ethereum network, Enjin Coin possesses
smart contract capabilities and serves as an early participant in testing Ethereum’s Raiden Network, akin to the Lightning Network. Leveraging a public API and SDKs, the Enjin Coin platform offers a multitude of features, prominently enabling the creation and management of virtual goods. Developers can easily establish a custom currency for their community, backed by Enjin Coin, ensuring blockchain benefits while retaining platform-specific customization.
Enjin, the driving force behind Enjin Coin, is a colossal online gaming community creation platform founded in 2009, boasting 60 million monthly views and processing millions in transactions within their community stores. Enjin Coin deployment spans the entire Enjin CMS platform, encompassing over 250,000 gaming websites. Supported by advisors like
Anthony Diiorio (Ethereum co-founder) and Pat LaBine (former producer and technical director at Bioware), Enjin has forged partnerships with Unity, PC Gamer, and NRG eSports. The project’s successful ICO in late 2017 raised approximately $35 million across private and public rounds.
Enjin's roadmap for 2018 includes various platform plugins, the Efinity release, and several SDKs. The project integrates TopLists, a tool enabling user-ranking of games, servers, and teams via a decentralized smart contract mechanism, incentivizing list creators with tokens for user engagement. Enjin Coin ambitiously aims to merge online virtual gaming with decentralized technologies, with its success contingent on time and its ability to fulfill its promises.
