Enjin Coin is a platform that uses blockchain technology for social gaming and virtual goods.
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:
- Infuses them with a reserve value
- Ensures their transparency and scarcity
- Gives them instant liquidity
- 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.
