What is ENJ Coin
Enjin Coin is a scheme of Enjin, a firm that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin’s flagship present is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host digital item stores.
Enjin enables the game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that things can be bought, sold, and traded with real-world value.
Key features of ENJ Coin
- The most comprehensive value Enjin Coin brings to the gaming society is in its creation and administration of virtual goods. Developers on all platforms can create a currency unique to their community that Enjin Coin backs as the parent currency.
- This gives the coins all the advantages of the blockchain while still staying customized to their respective platforms.
- Because each asset is recorded on a single Registry smart contract, all Enj-in Active Wallets recognize them.
- You can trade virtual goods for Enjin Coins at whatever time. This forms an interconnected ecosystem of games and societies in which you can even transfer assets across platforms.
- Beyond money, this functionality also refers to opportunity tokens as well as individual game items like swords or attack attributes.
How to buy ENJ Coin?
Buy ENJ Coin in India — Step by Step Guide For Beginners
BuyUcoin is an exchange that provides buying and selling ENJ Coin in India as well as other cryptocurrencies. Below is a step by step guide to buying ENJ Coin via BuyUcoin:
Step 1 — Open a Digital Wallet
A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to do in-depth research before you decide what is best for you; however, there are several providers of digital wallets. Today, BuyUcoin’s the leading digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin/Signup account, register and open a service account, choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
Step 3-KYC
For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centers. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. Pictures of your pan card will be required. The mobile number connected to your Adhar is essential.
Step 4-Google 2 step Verification
To use 2FA, the Authenticator app must be installed and enabled on your smartphone or tablet. If enabled, any time you log in to your BuyUcoin account, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered. You should set up 2FA for your social media provider settings by using Facebook or LinkedIn.
Step 5-Add Bank details
Add your name credentials, the account name of the holder and the IFSC code information.
Trade ENJ Coin
The Enjin Coin SDK introduces a decentralized payment gateway. The gateway is strong, empowering you to create customized carts, receipts, payments, etc. It further provides a widget to receive Enjin Coin and Customized Coin repayments on your website.
The repayment gateway only prices a little fee in Ethereum on each transaction — zero additional.
Appropriating functionality from the Smart Wallet, you can set up automatic installments to games and websites that you list as a Trusted Platform as a user. This sums faster and extra trustworthy payments to normal support services.
Can I Use Regular Money to Buy ENJ Coin?
Yes, you can use regular money or any fiat currencies such as INR to buy ENJ Coin in India, where ENJ Coin can be stored in your wallet with a single tap to buy or sell your desirable cryptocurrencies without any hidden transaction fees using one of India’s leading cryptocurrency exchange BuyUcoin.
Getting an ENJ Coin Wallet
BuyUcoin is a multi-currency crypto wallet where ENJ Coin can be stored with high-end security features where cold storage wallets are used. Hardware wallets are the most secure wallets, and if you want to keep a lot of wealth in your wallet, it is strongly recommended because they add an extra level of safety.
Once we have sent the ENJ Coin to your wallet, we will send you a confirmation email. The ENJ Coin will appear in your wallet when you restart the BuyUcoin wallet.
ENJ Coin Exchanges
If you want to buy Bitcoin for ENJ, an exchange called BuyUcoin is one choice. You can even buy the BTC using your credit or credit card with an easy-to-understand interface. When you register, BuyUcoin requires your ID and address. This conforms to the anti-money laundering (AML) legislation and knows the legislation of your customer (KYC).
ID checks are considered the best methods by many exchanges, although technically not a legal requirement in most countries. It helps avoid the use of exchanges for criminal activity. But there are legitimate reasons why your ID should not be revealed to a trader aware of the trade and privacy.
Conclusion
Enjin Coin is combining the advantages of blockchain with the over $17 billion virtual assets market. The company serves to counter fraud in the gaming entrepreneurs and present valid claims to virtual goods holders. Designed and supported by gaming behemoth Enjin, the plan has a solid base of support.
However, Enjin yet has significant to prove. This is improbable to foretell how successful it will be, but if its modern achievements and team are at any notice, Enjin Coin could have a bright future ahead.