EnjinCoin - The Decentralization of the World of Video Games

in #cryptocurrency7 years ago (edited)

Payment Forms of Video Games, Online Item Trading, Virtual Property, Decentralized Network, this is ENJINCOIN


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Hello friends of Steemit .;

In my walk through the web and doing my respective research of cryptocurrencies I found a coin that particularly caught my attention, one that I think we can keep an eye on, keep it close and evaluate a possible investment that could bring us a good return. Of course, I do not advise investing just to do it like every investor we must verify all the information and be sure when doing it.

This currency is called: EnjinCoin and is identified by the acronym ENJ, this is a project based on ERC-20 token that operates in open source to make intelligent contracts. The development of this was carried out by the company ENJIN that directed its actions towards the implementation of real value to virtual goods, and likewise, considered the addition and creation of open source software, wallets and payment platforms for each one of its users.

In the middle of my research I noticed with great relevance that the company ENJIN has a very marked trajectory in the world of video games and entertainment, since among its services is to provide platforms to facilitate the development and creation of pages for minecraft , sites for clans and teams, forums and more tools for socialization and maximum experience of video players.

The advantage of the platform is that the simple fact that this company provides a place for interaction of millions of players online can maximize and boost the use and value of this cryptocurrency.

Imagine this, a community of gamers promoting the use of a cryptocurrency should be something revolutionary in the world of gaming, but if this is not any community, if not the largest community where millions of users converge, the effect could be colossal.

Many people who have done analysis of this cryptocurrency say that it is like a sleeping giant, it may be that this is a currency that can exploit its value in the coming months, all as long as the trust it provides is strengthened and its use is expanded, achieving the acceptance of the blockchain as technology and this cryptoactive as an integral part of the life of each user.
ENJ was developed to facilitate the operation, management and commerce in the video game platforms, as well as to reward the interaction and socialization of the same players online, providing a new model of digital property never before seen, in addition to providing the facility of integration of different gaming platforms, communities and servers. EnjinCoin is so revolutionary that it allows users to earn money while playing, sharing, interacting, socializing, that is to say, for a large number of people who dedicate their day to day games, allowing each user to give real value to the achievements in each game while each Gamer does what he likes best.


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Imagine a cryptocurrency that is integrated into different games and operates transparently, where you can do a powerup, buy and sell items, weapons, clothing and also that each item has an equivalent value in EnjinCoin is a real value from where they are obtained income.

EnjinCoin Purpose

In this research it is clear that the EnjinCoin platform considers not only the aspect as cryptoactive or as real value of currency, but also, considering other more integral aspects that unify the commerce and the value of the videogame platforms with all and in all its areas, be forums, chats, or where it points to the interaction of this vast online world. I am not openly fan of video games, but studying this currency I can verify that there is a number of resources to exploit in these platforms, for which, EnjinCoin is taking a step forward to provide the best services that guarantee protection of the integrity of the virtual belongings, the transparency of the exchange operations, and the ease of integration of communities and platforms by the use of open source in API and SDK in different programming languages.

It is a very ambitious project, since EnjinCoin intends to become the first cryptocurrency of easy use and application for the video game industry.

On the site www.enjin.com offer page creation services, tools for clans and communities for interaction and specialization, is an exclusive platform for Gamers around the world, with figures over 19 million Gamers, providing services to users of the platforms of World of Warcraft, Star Citizen, Minecraft, Guildwars, Star Wars The Old Republic, Unturned, League of Legends, Counter Strike, World of Tanks, Call Of Duty, among others.

Enjin, as a company, seeks with this currency to change the style of video games and leverages on its video game platform so that users who already participate, work, socialize and create a large-scale trade of this cryptoactive.

It is incredible to see that the technological advance and the impact that the unlocking offered by the technology in the block chain brought will reach to such a point, where it will allow online gambling to obtain greater value, greater control, and based on the objective of these developers, which is, a world much more controlled and transparent than the real world, where to dedicate to play had many achievements and allowed to profit from them, this is why, EnjinCoin, in my opinion, is a currency that has not had an explosion of its own in the Gamer world.

Challenges and key points in favor of EnjinCoin:

  • Low cost transactions (This is one of the characteristics that matter most to us when exchanging assets and doing operations.)
  • Decrease in fraud for the ITEMS trade and virtual goods. One of the vital points for the creation of the EnjinCoin is that the amount of frauds committed in the gaming industry are enormous, they are in view of the day when exchanging items, and pseudo virtual stores.
  • Reduce transaction speeds. Those of us in this world know how late confirmations can be in sending cryptoactives, but whoever guarantees faster execution of transactions will gain more acceptance from users.
    -Reduce transaction speeds. Those of us in this world know how late confirmations can be in sending cryptoactives, but whoever guarantees faster execution of transactions will gain more acceptance from users.
  • Reduce transaction speeds. Those of us in this world know how late confirmations can be in sending cryptoactives, but whoever guarantees faster execution of transactions will gain more acceptance from users.
  • Guarantee users the real ownership of the items they obtain, either by purchase or win on the gaming platforms. For example, by winning, "A Sword of Light that throws rays" this will not be limited to the game where I am playing, if not I can take my stock with me, market it and change it in turn by EnjinCoins. So if I am banned from the game, the property of the items is and will be mine, and only I can take part of it, having the security that the property will be safeguarded.
  • By integrating EnjinCOin into a community and forums, users are rewarded for participating in them, and they receive real money for contributions, as well as being really active in communities, clans, guilds, among others.


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The benefit that arises with this cryptocurrency to the communities:

  • First, it allows you to integrate your community with EnjinCoin. (Once integrated, participating in the community becomes somewhat lucrative)
  • Unequivocally increases the participation of users in the forums because it generates rewards.
  • Get automatic rewards when you reach the conditions that configure the community within the forum.

EnjinCoin to content creators provides you with the following:

  • Create new tokens to represent virtual currencies, game items and privileges.
  • Create virtual goods via app.
  • Create rentals or subscription based on virtual items
  • Integration of virtual store.
  • Set in decentralized payment method with no other factor in between for a transparent transaction.
  • Eliminate fraud, cancellations or charges against.
  • Minimum commissions for transactions.
  • Open APIs and SDKs code for each programming language.
  • Provide a smart wallet for easy payment of users.
  • Integration of virtual items with the community or forum.


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Benefits for Players or Gamers:

  • Buy and sell items without risk.
  • Commerce between different games, communities and platforms.
  • Take the cryptocurrencies with you, and use them in any community and video game.
  • Protect the property of all your virtual items.
  • Get EnjinCoins playing video games.
  • Can change items by enjincoins.
  • Earn EnjinCoins by participating in communities and posting on forums.
  • Buy items on thousands of game servers that support ENJ.


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My conclusion :

I think that Enjin tries to revolutionize the way in which it interacts both in the commercial and social part of the video game industry, I think that this blockchain technology allowed to apply a suitable solution to coexistence and virtual property, it is like an abstract term for those who do not know, but the laws do not reach the best way to these worlds and ethics is applied in a good way and the owner is protected, I believe that this coin is only for the fact of having such a large audience of users worldwide, as well as the proliferation of Esports, and that every day we are more and more connected make the EnjinCoin a giant that is at the door and dormant to raise its value in the coming months.

Dear readers of Steemit, I hope this is a contribution to be considered by the community that is aware of the progress of the blockchain technology and the multiple applications that are continually being given. Thank you dear reader for taking a few minutes to read me.

Until next time.

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How do you think ENJ compares to WAX? In game items will be tradeable for WAX and while they are currently ERC20, they are developing their own blockchain now.

Practically the two currencies have similarities when they try to cover the trade of virtual items without the need for third-party platforms. Particularly though wax seems to me a project with a lot of marketing and a detailed plan, it is striking to me that EnjinCoin focuses a lot on protecting virtual property. Another point that determines which currency takes the lead is who joins the best partners. The interesting thing about this friend is that both currencies have a value well below that can give a return on investment, in 2018 there is much expectation in this market.

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ahhhhhh so you told me to come here and check this out and I did (obviously, truce lol) This is the type of stuff I have been looking for lately, I know crypto will be out right HUGE in the video game sector i will def check this one out.

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I appreciate your friend vote, only the image that you left inspires me a lot to keep improving and bring good content. Greetings and you have a good friend over here.

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