What Is Enjinstarter (EJS)?
Enjinstarter is a launchpad for blockchain based games and metaverse related projects. Centered around the Enjin ecosystem, the launchpad is built on Enjin’s JumpNet and targets Efinity in its roadmap. Enjinstarter’s declared goal is to enable creators and game developers to run capital-raising campaigns and build communities with the help of blockchain technology. The launchpad also facilitates other ways of raising capital, such as selling virtual items as NFTs. All GameFi projects incubated by Enjinstarter receive end-to-end support, including assistance with sustainable strategy development and campaign launch promotion.What Is Enjinstarter (EJS)?
Enjinstarter is a launchpad for blockchain based games and metaverse related projects. Centered around the Enjin ecosystem, the launchpad is built on Enjin’s JumpNet and targets Efinity in its roadmap. Enjinstarter’s declared goal is to enable creators and game developers to run capital-raising campaigns and build communities with the help of blockchain technology. The launchpad also facilitates other ways of raising capital, such as selling virtual items as NFTs. All GameFi projects incubated by Enjinstarter receive end-to-end support, including assistance with sustainable strategy development and campaign launch promotion.Who Are the Founders of Enjinstarter?
Enjinstarter was launched by a diverse team of experienced blockchain developers and entrepreneurs. Prakash Somosundram, the platform’s CEO, previously served as an advisor to several blockchain and fintech-related projects, such as iBG Finance, CGX.io, and the BCMG Genesis Bitcoin Fund. Enjinstarter’s CTO Alvin Tang is an experienced software engineer who, prior to Enjinstarter, founded and headed a Singapore-based software company for more than 14 years.Enjinstarter also enjoys the backing of several heavyweights in the blockchain gaming space. Among its angel investors are Gabby Dizon, co-founder of YGG, Maxim Blagov and Witek Radomski, CEO and CTO of Enjin, in addition to multiple high-profile venture capital funds.
What Makes Enjinstarter Unique?
By partnering with Enjin, Enjinstarter is in a prime position to help blockchain based games and apps leverage Enjin’s technology and infrastructure, which, in turn, supercharges their growth. This includes building their subsidiary projects on the gas-free Jumpnet blockchain, as well as on Efinity, a Polkadot-based NFT parachain. Enjinstarter’s CEO Prakash Somosundram declared that the project shared Enjin’s vision for blockchain games and the metaverse and that it was honored to contribute to Enjin’s ambitious roadmap.Enjinstarter takes a multi-level approach to growth. On the one hand, its strategic stakeholder network cooperates with leading venture capital funds involved in blockchain gaming, while its scouting system helps identify and bring in interesting projects to the platform. Moreover, it boasts gamified incentives for community engagements like play-to-earn allocations in incubated projects.
Enjinstarter has already successfully incubated several projects. One example is Pixelverse, a next-generation NFT metaverse for games, communities, and creators. Another one is Project Defina, a play-to-earn blockchain game with DeFi elements and Gaia Everworld, an immersive fantasy game where players can explore lands and build their own kingdom. Finally, Enjinstarter helped launch Scottybeam, an “NFT teleporter” that helps to move NFTs across different blockchains.
How Many Enjinstarter (EJS) Coins Are There in Circulation?
The total supply of EJS is five billion. The token distribution is as follows:- Seed round (10%): $0.001 per token, one month cliff, 10% linear vesting each month.
- Strategic (10%): $0.002 per token, one month cliff, 10% linear vesting each month.
- Private Sale 1 (13%): $0.004 per token, 5% on TGE, 9.5% linear vesting each month.
- Private Sale 2 (3%):$0.006 per token, 10% on TGE, 9% linear vesting each month.
- Public Sale (1%): $0.008 per token, 50% is unlocked at TGE, 50% after one month
- Team (15%): 15% is unlocked at TGE, then linear vesting over the next 24 months
- Ecosystem fund (8%)
- Company reserves (20%)
- Community rewards (20%)
How Is the Enjinstarter Network Secured?
EJS is a ERC-20 token on Ethereum, one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.Enjinstarter is built on the Jumpnet blockchain, meaning it benefits from no gas fees, carbon-negative NFTs, and smart contract support. Enjin offers a bridge to move assets from Ethereum to Jumpnet.
Can Enjinstarter Hit $1?
Enjinstarter is in a prime position to see further growth, as the blockchain gaming sector is booming and new projects are popping up almost daily. However, from its current price of $0.17, it will need more than 5X growth to hit $1, which is not a small feat, even considering the powerful network Enjinstarter can rely on.Where Can You Buy Enjinstarter (EJS)?
Enjinstarter is available on Uniswap (V3), MEXC, BigONE,and Uniswap (V2).Related Pages:
Check out Decentraland (MANA) — a virtual world where land ownership is backed by cryptocurrency.Check out Enjin — the gaming ecosystem partnering with Enjinstarter.
Read this deep dive into Sotheby’s metaverse.
Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
