On Jan 19, Blockchain-based Enjin Coin (ENJ) grew to become the primary gaming cryptocurrency to be legally licensed for commerce by the Japanese D
On Jan 19, Blockchain-based Enjin Coin (ENJ) grew to become the primary gaming cryptocurrency to be legally licensed for commerce by the Japanese Digital Foreign money Alternate Affiliation (JVCEA).
This coincided with a sudden 71% improve to the coin’s greenback worth which occurred inside simply 9 hours, and noticed the ENJ coin value soar from $0.236340, as much as a 3-year excessive of $0.406356.
“Enjin Coin has been permitted by the JVCEA and can be listed on Coincheck alternate, making it the primary gaming token licensed to be used in Japan,” stated the official Enjin announcement from Jan. 19.
As of Jan. 26, Enjin Coin will change into the primary gaming token listed on Coincheck, and one among 15 digital currencies in whole, together with the likes of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and extra. ENJ can be purchasable with JPY, and tradeable towards BTC.
Enjin’s in-road to the Japanese market was helped alongside by Hashport Accelerator. Seihaku Yoshida, CEO of HashPort, stated:
“Enjin made a daring dedication coming into the Japanese market in 2019, decided to develop their enterprise within the area no matter market circumstances. After greater than a yr of due diligence, the approval and itemizing of Enjin Coin on Coincheck is a crucial milestone for Enjin and adoption of its blockchain platform in Japan.”
Maxim Blagov, Enjin CEO, stated the corporate hoped to make the most of organising store in one of many busiest gaming markets on the earth, and aimed to learn from the nation’s tradition of technological innovation:
“From Tremendous Mario to Pokémon and Ultimate Fantasy, Japan is house to pioneering video games that maintain a long-lasting place in popular culture. Japan’s tradition of innovation is straight aligned with Enjin’s. We imagine a number of the world’s greatest blockchain video games will come from the Japanese gaming trade, and we can be there to assist them leverage this highly effective expertise to the fullest.”
Enjin Coin was first introduced in 2017, and launched a mainnet the next yr. In 2019, Enjin made headlines after it was introduced Enjin Coin would ship as one of many purposes native to the then newly launched Samsung Galaxy S10.