Understand the issuance price and total issuance of ENJ coins in one article

ENJ coins, offered initially at $0.02 during its ICO in 2017, have a capped total issuance of 1 billion, ensuring scarcity and preserving the token's value.

Oct 05, 2024 at 08:00 am

Understanding the Issuance Price and Total Issuance of ENJ Coins

1. Issuance Price

ENJ coins were initially offered in an Initial Coin Offering (ICO) in July 2017 at a price of $0.02 per ENJ.

2. Total Issuance

The total issuance of ENJ coins is capped at 1 billion. This means that ENJ coins will have a limited supply.

Additional Details:

• The ENJ token was created by Enjin, a company focusing on blockchain technology for gaming and digital assets.
• The ENJ token is an ERC-20 token, which means it is built on the Ethereum blockchain.
• ENJ coins can be used to purchase in-game items, create and manage digital assets, and participate in the Enjin ecosystem.
• The ENJ token has been listed on various cryptocurrency exchanges, including Binance, Huobi, and Coinbase.
• The price of ENJ coins has fluctuated since its initial issuance but has generally trended upward over time.
• The total issuance of ENJ coins is designed to ensure scarcity and maintain the value of the token.

Conclusion

The issuance price and total issuance of ENJ coins are key factors that impact the economics and value of the token. The fixed supply and initial offering price provide important information for potential investors and users of the Enjin ecosystem.