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View ChartEnjin Coin (ENJ) is the native utility and governance cryptocurrency that powers the Enjin Blockchain, a network built specifically for gaming and non-fungible tokens (NFTs). ENJ serves as the economic fuel for this ecosystem, enabling transaction fees, NFT value backing, and ecosystem governance. The token was originally launched in 2018 as an Ethereum-based token and pioneered the ERC-1155 multi-token standard. In September 2023, Enjin migrated to its own dedicated Layer-1 blockchain, allowing users to bridge older tokens 1:1. The ecosystem supports digital scarcity with structured token limits, and ENJ remains central to minting, trading, and utilizing NFTs across games and virtual worlds.
The Enjin project was founded by Maxim Blagov and Witek Radomski in 2009 as a community gaming platform, later pivoting toward blockchain. Their vision was to enable seamless, gamified blockchain adoption so that anyone could create, use, and trade digital assets. Enjin's mission focuses on driving real digital ownership and interoperability, powering open economies in games and beyond. Detailed public information about the current core development team beyond the founders is currently limited, but the project maintains active development and documentation.
ENJ operates on the Enjin Blockchain, a Substrate-based chain using Nominated Proof-of-Stake (NPoS) consensus where ENJ holders can stake tokens to help secure the network and earn rewards. The token powers transaction fees and secures the blockchain. A key mechanism is "ENJ Infusion," where users lock ENJ inside minted NFTs to give digital assets intrinsic, recoverable value. When an NFT is destroyed or "melted," the underlying ENJ returns to the user's wallet. This process balances scarcity, demand, and utility. The migration from Ethereum to its own blockchain aimed to improve scalability, drastically reduce transaction fees, and enable better cross-chain interoperability, particularly within the Polkadot ecosystem.
ENJ's defining feature is its direct utility in asset creation. Beyond paying for gas and storage, ENJ is the required reserve for minting NFTs. This "infusion" mechanism permanently removes locked ENJ from circulation until the asset is destroyed, creating deflationary pressure on the token's supply. This directly ties token demand to the creation and use of digital assets within its ecosystem, a model distinct from many other gaming or NFT platforms. Additionally, ENJ provides a tangible price floor for NFTs, moving beyond speculative value to intrinsic worth. The token also enables ecosystem governance, allowing holders to vote on network upgrades and future proposals.
ENJ has multiple core uses within its ecosystem. First, it pays for transaction fees and secures the Enjin Blockchain. Second, users can lock ENJ inside NFTs to give digital assets intrinsic, recoverable value. Third, token holders can vote on network upgrades and future proposals through ecosystem governance. Fourth, ENJ serves as the gaming backbone, connecting in-game items across different virtual worlds and applications. Developers use ENJ to mint unique NFTs and in-game items, providing intrinsic value and seamless transfer. The entire process—from issuance to destruction—relies on transparent smart contracts, enabling easily managed, tradeable goods with real value in the growing metaverse economy.
Enjin continues to expand its NFT offerings, developer toolkits, and metaverse integrations. Recent updates feature cross-platform bridges, NFT staking, and new partnerships with game studios. The Enjin platform supports Unity, Java, Godot, and Unreal Engine SDKs, enabling easy NFT minting and management with minimal coding. Notable ENJ-partnered games include "Lost Relics," where every item is an ENJ-backed NFT, and "The Six Dragons," featuring over 26 billion in-game items living on the blockchain. These platforms showcase Enjin's robust toolkit for creative, player-owned economies. The team envisions a truly open, community-driven NFT economy integrating art, collectibles, and DeFi tools for endless innovation.
ENJ is not mined through traditional proof-of-work mining. Instead, the Enjin Blockchain uses a Nominated Proof-of-Stake (NPoS) consensus mechanism. ENJ holders can stake tokens to help secure the network and earn rewards. This staking process involves nominating validators who produce blocks and validate transactions. By participating in staking, token holders contribute to network security and decentralization while potentially earning staking rewards. The migration to the Enjin Blockchain aimed to improve scalability and reduce transaction fees, making staking more accessible. Specific staking requirements and reward rates may vary and should be verified through official Enjin documentation.
Security is pivotal in the Enjin ecosystem. Each transaction uses smart contracts, ensuring transparent and tamper-proof action logs. Enjin employs regular audits and bug bounties to enhance reliability. For maximum safety, use wallets with two-factor authentication and back up your recovery phrases securely. ENJ can be stored in compatible wallets including the Enjin Wallet, hardware wallets such as Ledger or Trezor, or reputable exchange accounts. Always verify smart contract addresses and NFT authenticity when interacting or trading digital assets. When withdrawing, enter your destination wallet's ENJ address and complete 2FA. Never share your private keys or recovery phrases with anyone, and consider using a hardware wallet for long-term storage.
ENJ is listed on select exchanges. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended. Follow these general steps:
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
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ENJUSDTZero slippage, ultra-fast matching, supports large spot transactions seamlessly, ideal for long-term asset allocation and spot accumulation.
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TradeAs of right now, the live price of Enjin Coin (ENJ) is $0.025457. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated ENJ to USD rate at the top of BTCC’s price page. In terms of market scope, Enjin Coin records a 24h trading volume of $4.406744M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $49.300325M. Its current circulating supply stands at 2B out of a maximum supply cap of ∞.
The price volatility of Enjin Coin (ENJ) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (2B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Enjin Coin (ENJ) hit an all-time high (ATH) of $4.846962 on 2021-11-25 09:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.01562 on 2017-11-02 19:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading ENJ futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($4.406744M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s ENJUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Enjin Coin, simply log into your BTCC account with USDT margin available, navigate to the ENJUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for ENJUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.025457), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for ENJUSDT with zero financial risk.
Trading Enjin Coin (ENJ) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for ENJUSDT, and review its live price ($0.025457) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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