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Does enjin have its own Blockchain?

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Does enjin have its own Blockchain?

There is no method to mine Enjin coin directly, as it doesn’t operate on its own blockchain. It’s a currency on the Ethereum blockchain, so Ethereum miners do the work to secure and power Enjin.

How does enjin work?

According to co-founder Witek Radomski, Enjin Coin is unique in a way that every token minted with Enjin Platform is directly backed by ENJ, the platform’s token. He imagines tomorrow’s future where millions of gamers use digital items backed by Enjin Coin without even knowing it exists.

Is enjin decentralized?

Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized. The fund will also support gaming projects built on “all platforms” alongside other areas related to the metaverse, NFTs and Efinity’s core infrastructure.

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Is enjin based on Ethereum?

The gold standard for digital assets. Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used to back the value of next-generation fungibles and NFTs.

What is the purpose of enjin coin?

Enjin Coin (ENJ) is the coin that represents value on the Enjin network, with each asset on the platform being assigned a value in ENJ. ENJ has a circulating supply of about 835 million out of the 1 billion that are to be minted in totality.

Who uses enjin?

Enjin is known for its community management tools that have helped over 20 million Minecraft users stay connected and form robust networks of like-minded players.

Is enjin on the Kraken?

Instantly buy ENJ with a bank account or credit card on the Kraken app. The official Kraken app is perfect for you, whether you are a crypto beginner or an experienced trader looking to conveniently buy or sell Enjin while on the go. Credit card purchases available in select countries here.

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Will Coinbase add enjin?

1inch (1INCH), Enjin Coin (ENJ), NKN (NKN) and Origin Token (OGN) are now available on Coinbase. Starting today, Coinbase supports 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN) and Origin Token (OGN) at Coinbase.com and in the Coinbase Android and iOS apps.