What is the issuance and circulation of ENJ coins?

Launched in 2017, Enjin's (ENJ) Ethereum-based token is primarily used as a gaming token within the Enjin ecosystem for managing in-game items and digital assets.

Oct 02, 2024 at 01:29 am

Issuance and Circulation of Enjin (ENJ) Coins

1. Issuance

Enjin (ENJ) is an Ethereum-based token that was launched in 2017.
It was created by the Enjin company, a provider of gaming software and blockchain services.
A total of 1,000,000,000 ENJ tokens were created at the time of launch.

2. Initial Distribution

8% of the total supply (80 million ENJ) was distributed through a token sale in 2017.
20% of the supply (200 million ENJ) was reserved for the Enjin team and advisors.
52% of the supply (520 million ENJ) was set aside for community development and ecosystem growth.

3. Circulation

As of August 2023, approximately 893 million ENJ tokens are in circulation.
The remaining 107 million ENJ are held in reserve by the Enjin company.

4. Token Use Cases

ENJ is primarily used as a gaming token within the Enjin ecosystem.
It is used to create and manage in-game items, such as weapons, armor, and collectibles.
ENJ can also be used for staking, voting, and purchasing digital assets.

5. Market Value

ENJ's market capitalization as of August 2023 is approximately $322 million.
Its price has fluctuated over time, reaching an all-time high of $4.08 in April 2021.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

AURA

$0.1697

86.04%

Trade Now
STMX

$0.0059

35.56%

Trade Now
VENOM

$0.1783

30.28%

Trade Now
WHITE

$0.0012

21.87%

Trade Now
XOR

$0.00

17.74%

Trade Now
REKT

$0.0...03737

17.60%

Trade Now

Latest Crypto News

HashFly, a Pioneering Force in the Cloud Mining Industry, Solidifies Its Position as the Most Trusted Platform of 2025
2025-06-13 11:00:25
Nimanode Raises Over 15% of its Soft Cap in Token Presale
2025-06-13 11:00:25
US President Donald Trump released a prerecorded message for attendees of Coinbase's State of Crypto Summit as Congress considers legislation to regulate payment stablecoins and establish a digital asset market structure framework.
2025-06-13 10:55:12
Xpfinance (XPF) Token Presale Surpasses 40% of Its Soft Cap Allocation
2025-06-13 10:55:12
Official Trump (TRUMP) Is Closing in on VeChain (VET) in Market Cap – and Fast
2025-06-13 10:50:11
The race for the next big crypto coin is on. SUI is flashing bullish signals with a possible 2x breakout.
2025-06-13 10:50:11

Related knowledge

Why is NFT suitable for creators? How can artists use NFTs to make profits?

Jun 12,2025 at 09:42pm

Understanding the Role of NFTs in Empowering CreatorsNon-Fungible Tokens (NFTs) have emerged as a groundbreaking innovation in the blockchain space, particularly for creators and artists. NFTs offer a unique opportunity to tokenize digital assets, making them verifiable and tradable on decentralized platforms. For creators, this means being able to asse...

What are the ways to combine NFT and DeFi? How does mortgage lending work?

Jun 10,2025 at 10:57pm

Understanding the Intersection of NFT and DeFiThe non-fungible token (NFT) space has grown beyond digital art and collectibles, intersecting with decentralized finance (DeFi) to unlock new financial instruments. This integration enables users to leverage their NFTs in a permissionless, trustless environment. One of the most prominent ways these two ecos...

Why can some NFT projects increase in value in the long term? How to view practicality and empowerment?

Jun 10,2025 at 05:35pm

Understanding the Factors Behind Long-Term NFT Value AppreciationThe phenomenon of certain NFT projects appreciating in value over the long term has intrigued both investors and creators within the digital asset space. Unlike traditional assets, NFTs (Non-Fungible Tokens) are unique and often tied to digital art, collectibles, or utility-based tokens on...

How to use tools to monitor NFT market trends? Which data indicators are the most critical?

Jun 12,2025 at 08:02am

Understanding the NFT Market Monitoring ToolsTo effectively monitor NFT market trends, it's essential to use specialized tools that aggregate and analyze data from various blockchains and marketplaces. Platforms like DappRadar, CoinGecko NFT, and OpenSea Analytics offer real-time insights into trading volumes, floor prices, and project performance. Thes...

Why do some NFT projects return to zero after release? How to identify rug pull scams?

Jun 13,2025 at 10:13am

Understanding the Volatility of NFT ProjectsThe rapid growth of the non-fungible token (NFT) market has attracted both genuine creators and opportunistic scammers. One of the most alarming phenomena in this space is when certain NFT projects drop to zero value shortly after launch. This sudden collapse often stems from a combination of poor project fund...

What is the relationship between NFT and the metaverse? Is virtual land worth investing in?

Jun 10,2025 at 04:49pm

Understanding the Concept of NFT and Its Role in the Digital SpaceNFT, or Non-Fungible Token, represents a unique digital asset verified using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, each NFT is distinct and cannot be directly replaced by another token. Th...