What is Enjin (ENJ) ?

Enjin is a blockchain platform facilitating Web3 game development tools to build the most robust games and businesses through Relaychain. The Enjin ecosystem boasts a suite of powerful components: Enjin Platform, NFT.io, Enjin Wallet 2.0, Beam, SDKs, and other tools and services, making Enjin a versatile platform for businesses of all sizes. The platform leverages the innovative crowdfunding model NFT.io that allows users to create gaming assets like weapons, characters and real estate that can be quickly transacted through QR codes using the world's first QR-based blockchain distribution service, Beam.

Furthermore, Enjin also lets players transform their artwork into NFTs and display them in virtual galleries or as proof of ownership for physical pieces. Additionally, users can produce music, tokenize comics, rare paintings and real estate and design one-in-a-kind, easily tradeable and programmable digital collectables.

ENJ is the native token of Enjin Blockchain that facilitates network transactions, rewards active community participation and serves as the medium of exchange within the ecosystem. Moreover, the NFTs on the platform are also minted with ENJ. It furthermore provides governing and voting rights to its holders, empowering them to make crucial decisions regarding the development of the Enjin ecosystem.

How does Enjin (ENJ) work?

Enjin is a community gaming platform that Maxim Blagov and Witek Radomski created to provide a secure and scalable environment for developing gaming and other apps. It is a Layer 1 protocol that leverages high-end NFT functionalities. The blockchain uses a proof of work consensus mechanism to verify and validate the transactions.

Enjin blockchain is composed of Relaychain and Matrixchain. These chains have defined purposes that enable the Enjin blockchain to work efficiently.

The Enjin Relay Chain is the central backbone of the Enjin ecosystem. This chain facilitates validators to stake their ENJ and validate the transactions. The Relaychain is responsible for coordinating the activities on the Enjin network along with the interconnected Matrixchains.

The Matrixchains are equipped with multifunctional features catering to the requirements of different projects. It offers specialized functionalities tailored to non-fungible tokens (NFTs), allowing distinct projects to establish customized features and economies. Because of this trustless, permissionless network, anyone can create nodes and participate in the Enjin network activities. It leverages the Substrate network for seamless functioning, thereby contributing to the growth of the NFT ecosystem.

How to Buy Enjin (ENJ) in India?

There are many platforms where you can buy, sell, trade and invest ENJ in India.

One such platform is Flitpay. To buy ENJ in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, make sure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy ENJ and execute the ENJ purchase.

You can instantly convert your INR to ENJ and ENJ to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What Do I Do After Buying Enjin Coins?

Enjin Coin (ENJ) is an ERC20 compatible token that can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY.  You can also till it reaches a high price and then sell it through the FLITPAY OTC order facility. Users can earn significant profit from buying it at a lower price and selling it at a higher price. Lastly, you can also use Enjin Coins to buy, sell, and trade NFTs through ENJ wallets.

FAQs

What is Enjin (ENJ)?

Enjin is a blockchain gaming ecosystem that provides tools for games, business and individuals to create, manage and trade virtual goods such as digital art, games, or virtual marketplaces. ENJ or Enjin coin is the native token of the project that can be used to trade virtual goods within the ecosystem.

What is the Enjin (ENJ) price in India?

Check out the current INR price of Enjin coin in India on Flitpay

What are the Benefits of Enjin (ENJ)?

Enjin provides crypto-backed value and tools for managing the virtual assets on the Ethereum blockchain. You can also use Enjin Coin to buy, sell, and trade NFTs.

Which is the best cryptocurrency app to buy Enjin (ENJ) in India?

The best crypto exchange/app to buy ENJ, buy Ethereum in India is Flitpay. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

Is it safe to invest in Enjin coin (ENJ) in India?

Yes, investing and trading Enjin coin is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying Enjin coin. It offers real-time prices and advanced investing features.