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(ENJ) – ENJIN

What is ENJ?

In this report we’ll be covering Enjin coin but to understand that we first need to take at the company behind (ENJ), Enjin. They were founded in 2009, and provide a community management services (CMS) platform to gamers. Enjin allows developers, clan/guild leaders, and server owners to build: websites, forums, stores, and many other things with the use of modules, and in-game plugins.

Enjin Platform

Currently, Enjin has 18 million registered users, 250,000 communities, and 60 million global views per month. With millions of USD per month in virtual good sales across Enjin’s community stores. The most popular game on their platform is Minecraft. Many Minecraft communities are hosted on Enjin. With one server having over 1 million registered users. Minecraft has sold over 121 million copies, has 10,000 servers, 40 million monthly active users, with an average of 200-300k users online at a time. Minecraft was purchased by Microsoft in 2014 for $2.5BN USD. With massive followers and continuous development to the game such as Minecraft VR launching last year with Oculus Rift.

Global Gaming Market

The global gaming market is experiencing explosive growth, reaching US $108.9BN USD in 2017 and a projected US$128.5BN by 2020 . 9 Enjin PTE LTD is headquartered in Singapore, providing the perfect springboard to further target the Chinese, Japanese and Korean markets. 58% of the growth in 2016 came from Asia-Pacific countries.

Mobile Gaming Market

With the recent release of the Enjin Mobile App , featuring communities, forums, and more. Enjin is growing rapidly in the mobile app sector. It is expected 2.2 billion gamers across the globe will generate $108.9 billion in game revenues in 2017. Mobile is the most lucrative segment, claiming 42% of the market. In 2020, mobile gaming will represent just more than half of the total games market.

Virtual Goods Market

It’s estimated that, the overall value of the Global Social Gaming market by 2019, is to reach $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% over the forecast period.

What is (ENJ) Coin?

ENJ, is a smart token that will be fully integrated within the Enjin platform. Many communities on the Enjin platform have virtual stores to sells items, upgrades, in-game outfits, etc. By using ENJ token in the stores users will have the benefits of: minimized fraud, lower transaction cost, and faster settlement times. Game developers can create and manage virtual goods with ENJ tokens. Manufacturing unique in-game items, items that grant access to special areas of a game, etc.

This means when items are created such as a virtual sword, ENJ tokens are locked into a smart contract (meaning the tokens become the virtual sword). The best part about this, is Enjin coin can be redeemed back at anytime for the item, through the smart contract. The item will be destroyed, and the user will get their ENJ tokens back.

Enjin Subscription model

(ENJ) coin also has the functionality to create a pay-as-you-go subscription model. This means a user can subscribe to a game, think 30 day sub, and cancel the sub anytime, pay for a 30 day subscription and don’t like the game? You’ll be able to cancel anytime during that subscription and be refunded proportionately.

Enjin Wallet

Enjin has built a mobile wallet on the Android & IOS app stores. It was built with security in mind. The Enjin team began looking into other popular wallets, during their analysis, they found they were able to hack into most major mobile wallets. Using top of the line security architecture, with User Interface in mind, Enjin created a wallet that turns your smartphone into a hardware-like secure wallet on non-rooted devices. The Enjin smart wallet uses two independant layers of cryptography to protect confidential data. By using a data security principle from the NSAs Commercial Solutions for Classified Program. Hardware 256 AES encryption is employed on the lower level.

Software encryption is utilized at the application layer. Data is held in encrypted memory and any important values are deleted from the memory after processing takes place. Enjin has commissioned 3rd party audits. Meaning trusted security researchers try to hack the wallet and alert Enjin of any vulnerabilities. 
The wallet never has your public or private keys, and does not have access to your funds. You are in control of your private keys. The ENJIN wallet can be restored on any device with your 12 word passphrase.The wallet has a keyboard built into the wallet itself, and screenshots are disabled when it’s in use keeping you safe from data sniffing, and keylogging.

Enjin Team 

The token, ENJ is led by the co-founders of Enjin (the company).  Anthony (Co-Founder of Ethereum), and Pat Labine (12+ years at BioWare, and Creative Director of Mass Effect, Dragon Age) make great additions to this team. Pat Labine has even personally traveled with the team to many gaming events around the globe and is very hands-on with the project.

Enjin Coin Partnerships

Currently, Enjin has partnered with various other companies within the gaming industry widening their exposure thereby adding value to their overall ecosystem as whole.

Unity (Game Engine) – 
Unity is a cross-platform game engine developed by Unity Technologies, first announced and released in June 2005 at Apple Inc.‘s Worldwide Developers Conference as an OS X-exclusive game engine. As of 2018, the engine has been extended to support 27 platforms. The engine can be used to create both three-dimensional and two-dimensional games as well as simulations for desktops and laptopshome consolessmart TVs, and mobile devices. 

NRG Esports – 
An esports organization based in California. It has rosters in Clash RoyaleDragon Ball FighterZFortniteCounter-Strike: Global Offensive, Overwatch, SmiteHearthstoneFor HonorRocket League and Vainglory as well as a number of streamers on the streaming platform Twitch.

PC Gamer  –
magazine founded in the United Kingdom in 1993 devoted to PC gaming and published monthly by Future plc. The magazine has several regional editions, with the UK and US editions becoming the best selling PC games magazines in their respective countries. The magazine features news on developments in the video game industry, previews of new games, and reviews of the latest popular PC games, along with other features relating to hardware, mods, “classic” games and various other topics.

War Of Crypto – Enjin powered blockchain game 

A brilliant story, gorgeous 3D graphics, marvelous game mechanics — and blockchain-based gaming assets created with Enjin Coin. It’s a PvP multiplayer game that features unique, evolvable, tradeable heroes, set in an incredibly detailed epic fantasy world facing a relentless, imminent doom.

A Blockchain-Powered Realm is Under Siege

“A world that is alone in the universe can survive while remaining divided. But a world threatened by its very lack of solitude must come together. If it does not, it will fall apart upon the first knock at its door.” — Holo to Pasien

War of Crypto takes place in a high fantasy world threatened by an invasion from a merciless, ruthless faction that’s hell-bent on controlling the entire universe — and plundering all of it’s ubiquitous, mysterious energy source. The fate of this world now rests on the shoulders of mighty heroes — powerful champions that are the only ones capable of defeating the corrupt hordes fueled by greed, fear, and envy. They alone can save their realm from the imminent, heartless, unrelenting doom — and eternal slavery and death. Gamers will be able to level-up, customise, and battle ENJ-powered crypto-heroes — and buy and sell them for Enjin Coin. Enjin Coin’s platform will be used to create in-game virtual assets — but will also function as the in-game currency used to purchase gems in the in-game store and heroes on the marketplace.

War of Crypto takes place in a high fantasy world threatened by an invasion from a merciless, ruthless faction that’s hell-bent on controlling the entire universe — and plundering all of it’s ubiquitous, mysterious energy source. The fate of this world now rests on the shoulders of mighty heroes — powerful champions that are the only ones capable of defeating the corrupt hordes fueled by greed, fear, and envy. They alone can save their realm from the imminent, heartless, unrelenting doom — and eternal slavery and death. Gamers will be able to level-up, customise, and battle ENJ-powered crypto-heroes — and buy and sell them for Enjin Coin. Enjin Coin’s platform will be used to create in-game virtual assets — but will also function as the in-game currency used to purchase gems in the in-game store and heroes on the marketplace.

War of Crypto — Using the Full Potential of ENJ

War of Crypto is being developed by Lucille Games, the mega-successful team behind PokeFind, a viral Pokémon/Minecraft mashup game. Built for the web, with the mobile version following after the initial launch, War of Crypto is Made with Unity game development platform.The game will utilise never-before-seen, incredible battle mechanics — andwill be a full-blown 3D game.War of Crypto will utilise the Enjin Coin ecosystem to its full potential — employing the Enjin Unity SDK, Enjin Network, Enjin Wallet & EnjinX to power and grow their groundbreaking blockchain-based game.

The, Enjin team is working closely with Lucille Games, helping them to integrate ENJ with their game, and take full advantage of the powerful Unity SDK. In turn, Enjin will also help  promote Lucille Games by spreading the word about their game —with a massive promotion of the War of Crypto to the 19 million gamers on the Enjin Network.Gamers will be able to see, store and trade their War of Crypto heroes in the Enjin Wallet — which will get two massive, game-changing updates in the following weeks.

Enjin war of crypto

Sources/Links:
Website: Click to see website
Company Website: Click to see company website
Whitepaper: Click to see WhitePaper
Partners: Click to see Partners 1 / Click to see Partners 2
Team Members: Click to see members
 Article: Minecraft Statistics- 2/28/18
Article: Enjin Wallet

Investing in cryptocurrencies and Initial Coin Offerings or ICO’s is a highly risky as well as speculative financial maneuver. This article is not a recommendation by Cyber Lion Weekly or the author to invest in cryptocurrencies or ICO’s. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Cyber Lion Weekly makes no representations or warranties as to the accuracy or timelines of the information contained herein.

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November 6th 2018, 15:56

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(ENJ) – ENJIN - January 27th 2018

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