Currently for every successful virtual transaction 7.5 virtual items are lost to fraud, and fees are too high on an item gamers are more likely to not receive than actually be able to add to their inventory.

By using a decentralized platform goods become easier to manage, distribute, or trade and begin to lend real value to the virtual ownership model. Enjin is connected to their community and to provide a more favorable user experience for players and enthusiasts. The new digital currency that will allow participants to have total control of their virtual goods and a secure wallet to keep them in. Even Android users will have their version early this year.

The wallet, just waiting on Android App store approval Enjin Coin supports the following coins:

Bitcoin

LItecoin

Ethereum

All ERC20 Tokens by Default

According the the latest update by the development staff who had this to say.

“It all begins with security, and after a careful analysis of all other major mobile wallets on the market (some with surprisingly weak security) we can confidently state that the Enjin Smart Wallet is exponentially more secure.”

The update will tell you just how far they have taken their security measures with their custom keyboard, the “Rule of Two 2” Encryption, memory dump, screenshot protection, and a myriad of other goodies.

The Most Secure Mobile Wallet in the World

Even if you are not a gamer who wants to keep a wallet akin to a secret lair protected by five levels of forcefields, and boobytraps the wallet will behave as normal and you cannot find another that is more secure than this one. Gamers love updates so they tried to anticipate what everyone would need and the API in testing right now will send real time price updates to the wallet for currencies in USD and BTC.

Valuable Information:

Coin Name : Enjin Coin (ENJ)

Total Supply : 1,000,000,000 ENJ

Circulating Supply : 756,192,535 ENJ

Market Cap : $106,819,001 USD

Pre Ico Price : 1 ENJ = 0.0300 USD

Ico Price : 1 ENJ = 0.0512 USD (0.00017 ETH)

White Paper : https://enjincoin.io/enjincoin_whitepaper.pdf

What problems does this solve in the real world, and what advantages does it provide?

Enjin coin solves problems in the virtual world that will alleviate problems in the real world. Fees will be lowered for transactions and fraud will be reduced and in some cases eliminated completely. The Enjin Coin enables unique coins to be minted by using smart contracts. CryptoKitties are a recent example of how successful unique coins can become.

How will Enjin solve this?

Everyone likes to save on fees. Enjin’s new system allows for multi-token transfers in a single transaction, batching many together and saving everyone on transfer fees. They have even created an adapter that will link a custom token to the Ethereum ecosystem. This means custom items found within games can now be pulled out and stored in existing wallets and cryptocurrency exchanges. This unique method optimizes the way the blockchain is used and is 78x cheaper than any other solution in existence currently.

Technology and how it works

Minting options are planned which can increase real inventory within games. Other bells and whistles provided by smart contracts that will be upgradeable are whitelist items and better control of the economy. The Enjin Coin Java SDK allows devs to integrate minted items directly into their games. Player inventories can display items, make transaction requests, and link wallets to players, or fetch live metadata for all a supported currency or item. They are also working with independent game developers that already use Java to use Enjin Coin seamlessly in their games. Taking Enjin Coin to an even broader audience. The rest of the team is equally impressive.

Team

The Team at Enjin has a long history of working with blockchain technologies, software engineering, business & marketing ops. The CEO is a big picture guy, like you would expect, he oversees the whole community and has over 15 years experience in creative direction, PM, and UX design. The CTO and cofounder with the CEO draws on his skills as a software designer, security and testing. This is the guy that drove all those crazy security features on the wallet. Check him out.

Here is the list of the entire team for your information and perusal:

Staff / Team Info :

Name : Maxim Blagov

Title : Founder & CEO

LinkedIn : https://www.linkedin.com/in/maxim-blagov-24787214/

Name : Witek Radomski

Title : Founder & CTO

LinkedIn : https://www.linkedin.com/in/witek-radomski-5318a274/

Name : Josh Woelfel

Title : Lead Engineer

LinkedIn : https://www.linkedin.com/in/joshwoelfel/

Name : Vyacheslav Volkov

Title : Lead Mobile

LinkedIn : https://www.linkedin.com/in/vyacheslav-volkov-075b2b80/

Name : Lilia Pritchard

Title : Marketing & Operations

LinkedIn : https://www.linkedin.com/in/lilia-pritchard-30b2b2148/

Name : Brad Bayliss

Title : Security & Full Stack Engineer

Name : Evan Lindsay

Title : Java & Game Server Engineer

LinkedIn : https://www.linkedin.com/in/evanlindsay/

Name : Chris Hirasawa

Title : Community Manager

LinkedIn : -

Name : Anthony Diiorio

Title : Co-founder of Ethereum

LinkedIn : https://www.linkedin.com/in/anthonydiiorio1/

Name : Pat LaBine

Title : Gaming Technical Advisor

LinkedIn : https://www.linkedin.com/in/pat-labine-4903b41/

Name : Robin Hanson

Title : Economics Advisor

LinkedIn : https://www.linkedin.com/in/robin-hanson-5156b/

Name : Ryan Lackey

Title : Security Advisor

LinkedIn : https://www.linkedin.com/in/ryanlackey/

Name : Trung Seng

Title : Marketing Advisor

Name : Daniel He

Title : Economics Advisor

Name : Frederick Heartline

Title : General Advisor

LinkedIn : https://www.linkedin.com/in/frederick-heartline-7047811b/

Name : Roy Tay

Title : Asia Business Advisor

LinkedIn : https://www.linkedin.com/in/roy-tay-b4433734/