PAPA CRYPTO'S LIGHTNING FAST ICO REVIEW ---- Enjin Coin
What is it? According to their website, Enjin Coin is a "customizable cryptocurrency and virtual goods platform for gaming". In other words, it will be used as a currency via Enjin's platform to transact video game assets in the real world.
Who are they? The team behind the Enjin Coin is the same team behind Enjin (https://www.enjin.com/), an all-in-one website building platform catered to gamers and offering various services that bring gaming communities together.
What problem does it solve? In the current state of things, gamers who wish to buy or sell video game assets have one of two options:
Buy from a shady third-party online auction house or dealer.
Send your money/ item to someone directly and pray that they will take the agreed upon action.
These situations place many gamers at risk for being cheated or becoming victims of fraud. The Enjin Coin will work as an intermediary of sorts via smart contracts, thus significantly reducing the risk for fraud.
When is the ICO? Presale is LIVE until September 15, 2017
PAPA CRYPTO'S VERDICT: 9/10
Here's a few reasons why:
• The Enjin company has been around for 9 years and has a great reputation within the gaming community.
• Gamers are a demographic that can easily wrap their minds around crypto as there is already value associated with in-game digital currency for various titles.
• Enjin as a company currently does $1mm/ month in transactions for in-game items (majority of which come from the title "Minecraft").
• Enjin is in the top 1,000 most visited websites in the United States.
• They are in talks with game devs/ publishers to bring the token natively to some of the largest titles.
In Conclusion: It doesn't take a gamer to see the fantastic potential and utility of this token (unlike most ICO's being pushed). Enjin Coin is a great team coupled with a strong online presence, market longevity and a concept that is already proven. This one is definitely a no-brainer.
Links:
Enjin Coin Website: https://enjincoin.io
Enjin Website: https://enjin.com
Slack: https://enjincoin.io/slack/
Blog: https://www.medium.com/@coinfork
Twitter: https://twitter.com/enjincs
Facebook: https://www.facebook.com/enjinsocial
Telegram: https://t.me/enjin_coin
Disclaimer: I have not been paid or asked to write this review. I do this because I want to bring value to you all. Please don't take this as financial advice, as I am just a dumb cat.
Forever yours,
Papa Crypto