RE: Ask Steemit: What Is Your Favorite Cryptocurrency Other Than STEEM And Why?
Man.. This is really hard the way things are going now. Over the last couple of years I have been really into several coins. Particularly Enjin Coin. I actually still do believe in this project, but ended up dumping my stake that I've been holding since the ICO.
It isn't their fault, but I just can't wait for the price to drop to zero and recover while they drag their heels getting all the things that they promised to a finished state. I may buy back in later, but for now I'm all in on STEEM. At least here I can put my stake to use for me. To be honest, I feel like this is really the only project that has put its coin to work in a real way.
I think a lot of projects are doing some really cool stuff, but it is taking too long, meanwhile the market just keeps taking a beating. About 90% of the projects that I was interested last year promised a lot, but really did nothing. It seemed like every day 20 new coins came out with some really amazing idea but nothing ever came of them.
I have to say, I am quite surprised that Steem is not a top 10 coin being that transactions are free and super fast, the product is fully functioning (albeit still not perfect) and has a good sized consistent community. What other coin can even say that?
I have never heard about Enjin. What draws you to their tech?
You aren't alone thinking that way!
The company has already been established for many years and they have a huge community of active users already. Enjin have been working with the team at Unity (game engine) to create an API to fully integrate ENJ coin into games as a currency.
The thing that is cool is that these coins can be used to buy and sell items in game - that later can be 'melted' down back into coin if you decide you want your money back.
They have also developed a fantastic mobile wallet that supports multiple coins, as well as game items. Not to mention they've also developed a new ERC token to replace ERC20 which is way more robust.
You should check out their site to learn more. These guy are very active. I may buy back in at some point but I just didn't want to watch my investment drop below the ICO price of 0.02 after it climbed to .50.
My stake was worth almost 1 million dollars at one point...
Sounds really interesting thank you for taking the time to spell it out for me.