Buy Enjin in Australia

Buy Enjin: Why? Because it is the bridge between gaming and blockchain.

What Is Enjin Coin (ENJ)?

Enjin Coin (ENJ) is a token launched by Enjin in 2017, and it operates on the Enjin blockchain. Its primary purpose is to power transactions within the Enjin ecosystem.

Enjin has made big strides to integrate blockchain technology with the gaming industry.

Here are the things ENJ can be used for.

Minting NFTs

Developers use ENJ to mint NFTs. When they create an NFT, it is backed by a certain amount of ENJ, giving it intrinsic value.

Trading and collecting

ENJ facilitates trading and collecting rare NFTs within the Enjin marketplace.

Paying gas fees

Enjin Coin is used to pay for gas fees when minting NFTs, for example.

Custom coins

Developers can create custom coins without any coding requirements using ENJ.

ENJ and NFTs

Enjin was originally built on the Ethereum network. Since then Enjin has created its own blockchain. By the end of 2023, Enjin had moved 200 million NFTs across from the Ethereum Network.

Using an NFT-centric fork of the Polkadot Network, Enjin Blockchain aims to speed up the network and offer low transaction fees of just $0.005. “This, combined with a throughput of 5,000 transactions per second and the capability to mint up to 2,000 NFTs in a single transaction, sets a new standard in NFT usability,” they said.

Some interesting things about Enjin

Backing digital assets

Enjin Coin backs the value of blockchain assets, particularly non-fungible tokens (NFTs). These NFTs represent unique digital items, such as in-game skins, collectibles, and virtual goods.

Smart contracts

ENJ not only acts as a cryptocurrency but also has smart contract capabilities. This means that developers can create programmable assets with specific rules and behaviours using ENJ.

Enjin’s approach differs from some other solutions. Unlike traditional smart contract-based systems, Enjin Blockchain doesn’t rely solely on smart contracts for critical functions related to creating, using, and transferring non-fungible tokens (NFTs). Instead, Enjin integrates these essential features directly into its foundational code.

Why do investors buy Enjin Coin?

Integration with gaming

Enjin has successfully integrated its technology into popular games, including Minecraft. Players can earn ENJ through in-game achievements and use it to purchase virtual items within the Enjin Marketplace.

Real-world value

Every asset minted with the Enjin Platform contains ENJ. This means that items in games or virtual worlds can be exchanged with real-world value. You can own a rare sword in a game that you can also trade for ENJ or convert into other cryptocurrencies.

Community and adoption

Enjin has a strong community of gamers, developers, and blockchain enthusiasts. Its adoption continues to grow, making it an exciting project to watch.

##Conclusion: Buy Enjin in Australia

Enjin Coin represents a fascinating intersection of gaming, blockchain, and creativity. As the gaming industry continues to evolve, keep an eye on ENJ.

How to buy Enjin on CoinJar

If you’re in Australia and want to buy Enjin (ENJ) using Australian dollars (AUD), you can do so through CoinJar, the longest-running cryptocurrency exchange in the country.

Here are the simple steps to get started:

Sign Up to CoinJar: Download the CoinJar app. Create an account and verify your ID within the app.

Deposit Funds: Transfer funds from your bank account to CoinJar using bank transfer, PayID, or Osko.

Buy Enjin: Once your funds are deposited, you can buy Enjin by following these options: Cash or Credit Card: Purchase Enjin instantly using Visa or Mastercard.

Crypto-to-Crypto: Convert other cryptocurrencies to Enjin with a single click.

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