With gaming now a multi billion $ industry & with it being one of the fastest growing industry's there is at the moment there is a lot of scope for untapped potential within this market...
This is where 'Enjin' comes in...
Enjin was launched in 2009 is already the biggest gaming community creation platform with over 250'000 gaming communities across thousands of games. They have over 18.7 million users with over 60 million global views per month & already have millions of USD traded per month in virtual traded goods across Enjin community stores...
Enjin is introducing Enjin Coin (“ENJ”), a new cryptocurrency (ERC-20 Bancor Protocol
Token) and smart contract platform that gives game developers, content creators and
gaming communities the required crypto-backed value and tools for implementing and
managing virtual goods.
The Enjin platform will have full support for these tokens in the next 6 months.
Enjin will develop a powerful framework of open-source software development kits (SDKs),
wallets, game plugins, virtual item management apps and a payment gateway platform.
Virtual Goods market:
It’s estimated that, the overall value of the Global Social Gaming market by 2019, is to reach
US$17.4BN. Virtual goods, advertisements, and lead generation offers are the main revenue
generation sources of the global social gaming market.
Among these, the virtual goods segment is likely to expand the fastest at a compound annual growth rate of 15.20%.
This is a massive market to be tapped...
What Enjin want to do is create a platform for gamer's to trade there virtual goods in a safe & secure way, trying to stop the scammers that rip off a lot of gamer's while trading on current platforms while using the 'ENJ' coin as the currency to do this...
Also they want to open up the option to trade your hard earned items from one game & be able to use the proceeds from that sale to use on another game. So say you have a LVL 85 character on an online MMO & you started another character on a different game but wanted to buy some in game gold for that new LVL 5 character, you would be able to sell say a rare sword from the original MMO for 'ENJ' & then use that 'ENJ' to buy in game gold or items for the new LVL 5 character on the other game... So this gives you the option to use items as an asset across multiple gaming platforms...
Not only that but it will also give you the option to monetise any items/In-game gold on the blockchain markets by selling your items for 'ENJ' & then trade that on the blockchain exchanges for BTC/Fiat so you can turn your virtual items into real time cash.
As it stands you have factories of people farming virtual items & in-game gold for sale to gamer's across many platforms as a job, this just goes to show how big this market is...
The pre-sale is currently running for another 5 days at time of writing & they have sold around 65% of the coins which are available in the pre-sale already.
In the pre-sale each coin is being sold at $0.03 so you'll get around 10'000 'ENJ' per 1 ETH with a chance to get up to a 50% bonus depending on how much you invest. The pre-sale will end on the 15th of Sept.
All the coins purchased in the pre-sale will be distributed before the public sale starts on the 3rd of Oct & you can hold these in any wallet that accepts ERC_20 coins. I.e MEW, JAXX, also to be accepted on Coinomi.
The public sale will be from the 3rd-31st of Oct & the pricing system will stagger in weekly stages:
WEEK 1: 1 ETH = 6,000 ENJ
WEEK 3: 1 ETH = 4,000 ENJ
WEEK 2: 1 ETH = 5,000 ENJ
WEEK 4: 1 ETH = 3,000 ENJ
There will 1'000'000'000 Coins created & the distribution will be as follows:
Pre-sale: 40% - 400'000'000
Public Sale: 40% - 400'000'000
Team & Advisers: 10% - 100'000'000
Marketing & Partnerships: 10% - 100'000'000
Any unsold tokens in presale go into public sale. Team tokens are locked for the first 6 months, and will be vested over a period of 24 months total. Team members will be transferred 25% of their tokens after 6 months, and then 12.5% every 3 months afterward. The team list may be updated during the 24 month vesting period.
Adviser tokens are locked for 2 months and distributed fully. Any unsold tokens are locked for 6 months and will go into the Marketing and Partnership pool.
The team & advisers behind 'ENJ' have a mass of experience across the board from the gaming industry & having researched the people involved I think this project really has the breath & diversity needed to make this a massive success...
So in conclusion, with such a massive following, a well seasoned team, one of the biggest markets & big plans for both gamer's & developers to benefit from, I think this could be a solid investment for the future...
Are there any coins you have your eye on.? Let me know in the comments...
Follow the links below for more information:
ICO page: https://enjincoin.io/
Whitepaper: https://enjincoin.io/enjincoin_whitepaper.pdf
Facebook: https://www.facebook.com/enjinsocial/?ref=br_rs
Twitter: https://twitter.com/enjincs
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