# Introduction to ENJ

**Published by:** [apla](https://paragraph.com/@apla/)
**Published on:** 2024-10-14
**URL:** https://paragraph.com/@apla/introduction-to-enj

## Content

Enjin is an exciting project in the blockchain space, focusing on enabling developers to create and manage virtual goods for games using blockchain technology. The goal is to reduce the high fees and fraud often associated with the transfer of virtual goods. The platform uses Enjin Coin (ENJ), an ERC-20 token, which is used to pay for digital goods and services on the Enjin platform. As of now, Enjin Coin has a market cap of $268,033,124 and ranks 237th in market cap rankings. The fully diluted valuation of Enjin Coin is $280,091,649. The project is led by Maxim Blagov, the co-founder and CEO, and Witek Radomski, the CTO. Both are active in the blockchain community and have profiles on platforms like LinkedIn and Twitter. Enjin has received investments from notable firms such as GenBlock Capital and MV Global. If you're interested in learning more about Enjin, you can visit their official website or follow them on Twitter for the latest updates. Introduction to ENJ: Enjin Coin (ENJ) is the native token of the Enjin Blockchain, which is the first blockchain specifically designed for games and apps. It's a Proof-of-Stake dual-layer Substrate chain with NFT-specific functions at the protocol level. The Enjin Blockchain offers scalability, customization, and interoperability through its robust architecture, which includes components like the Enjin Relaychain and Enjin Matrixchain. It also supports a seamless, no-code app layer for integrating NFTs into games and other platforms. Social Media and Community: You can learn more about Enjin Coin by visiting their official website. They are also active on Twitter, Telegram, and Discord. Market and Holder Information: As of now, the price of ENJ is $0.16, reflecting a 3.62% increase over the past week. It ranks 235th in market capitalization, with a 24-hour trading volume of 16,100,455. The token is held by 158,339 addresses. Token Narrative: ENJ is categorized under Layer 1 (L1), NFT, Metaverse, Gaming (GameFi), Gaming Blockchains, and Entertainment. Over the past week, Layer 1 tokens have seen a 5.3% increase, NFT tokens a 4.9% increase, and Metaverse tokens a 4.4% increase. Token Distribution: The distribution of ENJ on the Ethereum chain is as follows: 15.91% in centralized exchanges, 34.25% with large holders, 14.45% with mid-level holders, and 5.57% in project/smart contracts. Market Stats: ENJ is available on exchanges like Bibox, Nami.Exchange, and Binance. Trading on centralized exchanges can offer better liquidity and prices while avoiding gas fees. You can also trade ENJ on Uniswap, where the current liquidity for the token is 267,553.78. Holder Preferences: ENJ token whales also hold significant amounts of PEPE, LINK, and SHIB.

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