PR: Enjin Coin Chooses Bancor for Tokenizing In-Game Items

PR: Enjin Coin Chooses Bancor for Tokenizing In-Game Items

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or quality within the press release.

SINGAPORE, September 11, 2017 – Enjin has partnered with Bancor and announced their adoption of the Bancor protocol as a component of Enjin Coin, the Ethereum-based cryptocurrency for the game industry. Enjin Coin will be implemented with a Bancor Token Changer and become exchangeable with the rest of the coins on the Bancor Network. More importantly, all game items created on the Enjin Coin Platform will now have the ability to tie into the same network and benefit.

“Bancor will open up liquidity channels from gaming items to BNT and other smart tokens on the Bancor network.” said Enjin CEO Maxim Blagov, adding: “It brings us closer to our goal of tokenizing all kinds of items for gamers and preserving their intrinsic value. Enjin is the first to use the Bancor platform in such a pioneering way.”

A 2% reserve of ENJ and equivalent Bancor Network Tokens will be committed as reserve in the Token Changer (ENJBNT) to facilitate this liquidity network.

Game developers adopting Enjin Coin may eventually add hundreds of thousands of new ERC-20 tokens to the ecosystem, each unit backed by Enjin Coin reserve tokens. While the reserve ENJ tokens represent the “material cost”, the true value of game items is defined by their gameplay properties inside the game.

Must READ:   Scrutiny Intensifies as Tether Exceeds Supply of 1 Billion USDT

As Bancor smart tokens, items can finally be traded with the full representation of their actual intrinsic value and user demand. Bancor exchanges are like automated robots on the Ethereum blockchain. They give gamers the ability to liquidate or trade items at the time of their choosing, even if willing human buyers aren’t immediately available for rare end-tail items.

Enjin CTO Witek Radomski stated: “This is especially useful for independent games or newer titles where the player-base is still just growing. The automation of markets across any type of game is unprecedented in the gaming world!”

Enjin Coin will be extending its token pre-sale until September 15th in light of this development, to allow the community enough time to participate in the pre-sale. The gaming cryptocurrency has raised 22,000 Ether (over US$7 million) at the time of writing, and will be entering its Public Crowdsale phase on October 3rd.

For those interested in participating in the Token Pre-sale, visit

Enjin is the largest gaming community creation platform online with over 18 million users. The company, based in Singapore, was launched in 2009 and now sees more than 60 million global views a month. Enjin’s gaming communities process millions of USD per month in virtual good sales.

For press inquiries contact: Lilia Pritchard at

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

14 Replies to “PR: Enjin Coin Chooses Bancor for Tokenizing In-Game Items”

  1. I am really loving the theme/design of your website.
    Do you ever run into any browser compatibility problems? A couple of my blog readers have complained about my website not working correctly in Explorer but looks great in Opera.
    Do you have any ideas to help fix this issue?

  2. Hello there I am so excited I found your webpage, I really found you by accident, while
    I was looking on Yahoo for something else, Regardless I am
    here now and would just like to say thanks a lot for a incredible
    post and a all round thrilling blog (I also love
    the theme/design), I don’t have time to go through it
    all at the moment but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the awesome work.

  3. An impressive share! I’ve just forwarded this onto a co-worker
    who was conducting a little research on this. And he actually bought me lunch simply because I stumbled upon it for him…
    lol. So allow me to reword this…. Thank YOU
    for the meal!! But yeah, thanks for spending the time to talk about this issue here on your web site.

  4. I really like your blog.. very nice colors & theme. Did you create this website yourself or
    did you hire someone to do it for you? Plz respond as I’m looking to
    create my own blog and would like to find out where u got this from.

    thank you

  5. I blog often and I seriously appreciate your content.
    The article has truly peaked my interest. I will take a note of your website
    and keep checking for new information about once a week.
    I opted in for your RSS feed as well.

  6. Hey! This post couldn’t be written any better!

    Reading through this post reminds me of my good old room
    mate! He always kept talking about this. I will forward this
    page to him. Fairly certain he will have a good read.
    Thanks for sharing!

Leave a Reply

Your email address will not be published. Required fields are marked *