What is the issue price of ENJ coin? Introduction to the issue price and issue quantity of ENJ coin

During its Initial Coin Offering (ICO) in 2017, Enjin Coin (ENJ) was initially sold at an issue price of $0.017 per coin.

Oct 01, 2024 at 02:48 am

1. Understanding ENJ Coin Issue Price

Enjin Coin (ENJ) is an Ethereum-based cryptocurrency designed specifically for the gaming industry. It serves as a utility token within the Enjin ecosystem for various purposes, including purchasing and upgrading in-game assets, creating and trading NFTs, and powering virtual worlds.

2. Initial Coin Offering (ICO) and Issue Price

ENJ was first offered during an Initial Coin Offering (ICO) in 2017. The ICO commenced on June 1, 2017, and concluded on June 10, 2017. During the ICO, each ENJ coin was sold at an issue price of $0.017.

3. Token Distribution

A total of 1,000,000,000 ENJ coins were created, with the initial distribution as follows:

ICO: 750,000,000 ENJ (75%)
Team and Development: 200,000,000 ENJ (20%)
Advisors and Partners: 50,000,000 ENJ (5%)

4. Current Market Value

Since its ICO, the value of ENJ has fluctuated significantly. As of [date], the current market value of ENJ is approximately [$Price per ENJ] with a total circulating supply of [Total Circulating Supply].

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