By using ENJIN COIN (ENJ) they are able to trade virtual assets without any need for a third party like steam or other game management applications like that. Blockchain technology is still new in the industry but it has huge potentials when it comes to smart contracts and security through ownership which makes blockchain perfect for this kind of project.
Before getting into all of its features I would like to point out one fact about ENJIN COIN (ENJ). It was the first ICO based on Ethereum while having over 13,000 investors from 100 countries including institutions such as Lbank that represented close to 5 billion dollars market capitalization within a week since it ended its ICO period. That's huge and is a very interesting number since we cannot imagine how many people bought ENJIN COIN (ENJ). There was no marketing and it still managed to become the 4th biggest ICO in August. This is an amazing result for this type of project which also shows us that investors trust ENJIN COIN (ENJ) more than others.
Enjin Coin is a gaming cryptocurrency that provides value from gaming, without the massive drain of energy resources for mining. With Enjin Coin, you can create items on our blockchain platform called "The Enjin Network" which gives your items actual value inside games. For example, you could sell an item that's actually rare in game or trade it with other players like an Armoured Vehicle for Gold Coins . These are not just cheap virtual items; they're now worth real money! Virtual assets created using Enjin Coin cannot be duplicated unlike similar platforms like Second Life - which means you own your assets.
Enjin Coin has similar characteristics to other virtual currencies such as Bitcoin and Ethereum but there is one very important difference: Enjin Coin isn't just a cryptocurrency - it's an ERC-20 token that can be linked with ERC-721 smart contracts which makes them different from each other in terms of traits and properties. The biggest difference between the two is that all Enjin Coins were created at once and cannot be mined , while Ethereum or Bitcoin can be generated by miners after reaching their block limits. Even though mining is mostly out of date, I think this combination will allow ENJIN COIN (ENJ) to provide users with much more flexibility regarding payments, security and simplicity in general.
If you're not familiar with Enjin Coin (ENJ) yet, I would recommend reading this article which is a short introduction to Enjin Coin by its developers.
Developers in ENJIN COIN (ENJ) are split in two major groups: the development team in Korea that encircles mastermind Maxim Blagov and another group in Japan lead by technical director Witek Radomski . Both teams work together on bringing gaming items to life which will be tradable inside games using ENJIN COIN (ENJ). With over 20 years of experience in game development Maxime has managed to create an amazing community around Enjin Coin which contains more than 18 million users inside Enjin platform . Maxim is also the CEO of CoinLaunch which is a subsidiary company for creating initial coin offerings. Together with Witek, who worked at places like EA and Unity3D he has managed to gather an impressive team around ENJIN COIN (ENJ).
