Enjin Coin (ENJ) API and Price Oracle

Enjin Coin API Logo

Enjin Coin

ENJ
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0xF629...3B9c
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Enjin Coin (ENJ)?

Enjin Coin (ENJ) is a cryptocurrency token designed for use in the gaming industry. It was founded in 2009 by Maxim Blagov and Witek Radomski, and is developed by the company Enjin. ENJ is built on the Ethereum blockchain and is used to create and manage virtual items in games. The name "Enjin" originates from the words "Engine" and "Energize," representing the project's aim to power the gaming world with blockchain technology.

How does Enjin Coin work?

Enjin Coin (ENJ) is a cryptocurrency and platform that utilizes blockchain technology to enable the creation, ownership, and trade of digital assets. The underlying technology behind Enjin Coin is based on the Ethereum blockchain, which provides a decentralized and secure environment for digital asset management.

Enjin Coin leverages non-fungible tokens (NFTs) to enable the creation and ownership of unique digital assets. NFTs are digital tokens that represent ownership of a specific item or asset, whether it's an in-game item, a digital collectible, or a virtual real estate. By using NFTs, Enjin Coin allows developers and users to create, own, and trade these digital assets in a transparent and verifiable manner.

Enjin Coin utilizes smart contracts on the Ethereum blockchain to facilitate the creation and management of these digital assets. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They ensure that the transactions involving digital assets are secure and transparent, without the need for middlemen or centralized authorities.

The Enjin Coin platform also includes various tools and a user-friendly interface that allows developers to integrate digital assets into their games, apps, and websites. It provides a seamless experience for users to easily interact with and trade these assets within a secure environment.

In summary, Enjin Coin works by utilizing the Ethereum blockchain and NFTs to enable the creation, ownership, and trade of unique digital assets. Through smart contracts and a user-friendly platform, Enjin Coin provides a decentralized and secure ecosystem for the development and management of these assets.

What are the benefits of Enjin Coin?

Enjin Coin (ENJ) provides several benefits that distinguish it from its direct competitors.

First and foremost, Enjin Coin offers a unique value proposition by enabling the integration of blockchain technology into the gaming industry. By utilizing ENJ tokens, developers can create and manage virtual assets on the Ethereum blockchain, providing users with true ownership and interoperability of in-game items. This enables players to transfer their assets seamlessly between different games and platforms, fostering a vibrant and decentralized gaming economy.

Furthermore, Enjin Coin stands out due to its strong community and partnerships. The project has established collaborations with major gaming companies such as Microsoft, Unity, and Samsung, which enhances its credibility and market reach. This network effect is a significant advantage over its competitors, as it provides access to a broader user base and potential adoption.

In terms of scalability, Enjin Coin utilizes the Ethereum network, benefiting from its robust infrastructure and security. However, it has also implemented a unique technology called JumpNet, which allows for faster and more cost-effective transactions within the Enjin ecosystem. This helps to address the scalability challenges faced by Ethereum and provides a competitive edge compared to other blockchain gaming platforms.

Enjin Coin's commitment to community building and user experience is another advantage. The project offers developer-friendly tools and resources, making it easier for game creators to implement blockchain technology into their games. Additionally, Enjin Coin has a thriving community that actively engages in discussions, events, and collaborations, creating a supportive ecosystem for developers and users alike.

While there are other blockchain gaming platforms in the market, Enjin Coin's focus on gaming, its strong partnerships, scalability solutions, and community-driven approach distinguish it from its competitors and position it as a leading player in the blockchain gaming industry.

What is Enjin Coin used for?

Enjin Coin (ENJ) is a cryptocurrency that is specifically designed for the gaming industry. It is part of the broader Enjin ecosystem, which aims to bring blockchain technology to the gaming world.

Enjin Coin has several use cases within gaming. One common use case is for the creation and management of non-fungible tokens (NFTs). NFTs are unique digital assets that can represent in-game items, characters, or even virtual real estate. Enjin Coin allows game developers to mint and distribute NFTs, giving players ownership over digital assets that can be bought, sold, and traded on the blockchain.

In addition to NFTs, Enjin Coin can also be used for item crafting and fusion in games. Players can combine different items or assets to create new, more valuable items. Enjin Coin serves as a utility token that facilitates these operations, providing a seamless and secure way to transact within the game.

One specific case where Enjin Coin is being used is in the game "Age of Rust." This game is an immersive blockchain-based adventure game that incorporates NFTs. Players can explore a post-apocalyptic world and collect unique in-game items that are stored as NFTs on the Enjin blockchain. These items can then be traded or used within the game to unlock new areas and features.

Overall, Enjin Coin is used to enable the creation, distribution, and management of digital assets in the gaming industry. It gives players true ownership over their in-game items and provides a secure and transparent medium for transactions within the gaming ecosystem.

What is DIA's Enjin Coin API?

DIA's Enjin Coin API is one of the many API endpoints provided by DIA that offer real-time price feeds for various crypto assets. These price feeds are constructed using raw data gathered from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, making them highly reliable and comprehensive. DIA's API endpoints serve as a valuable resource for developers in the blockchain ecosystem.

Regarding the availability and accessibility of DIA's API endpoints, it is important to note that DIA provides both free and customisable API feeds. The free API endpoints are primarily meant for testing purposes and offer standardised price feed data that can be utilized by developers. However, for more specific requirements and tailored configurations, developers can request custom API feeds from DIA.

Custom feeds are a key focus for DIA, as they allow users to have more control over their data sources, methodologies, and update mechanisms. To request a custom feed, developers can reach out to DIA via Discord or Telegram.

DIA's API endpoints have numerous use cases within the blockchain ecosystem. In DeFi applications, the price information from DIA's APIs can be utilized in derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in NFTfi applications, DIA's API feeds can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.

In conclusion, DIA's Enjin Coin API is part of a comprehensive suite of API endpoints that provide real-time price feeds for crypto assets. While DIA offers free API endpoints for testing purposes, their emphasis is on providing custom feeds that can be tailored to unique requirements. These custom feeds enable developers to have more control and flexibility in utilizing DIA's data sources and methodologies. Overall, DIA's API endpoints serve as a valuable resource for developers in the blockchain ecosystem, offering a wide range of use cases in DeFi and NFTfi applications.

What is DIA's Enjin Coin price oracle?

DIA's Enjin Coin price oracle is a smart contract that provides real-time price feeds for various crypto assets. As part of DIA's extensive integration, their price oracles can be deployed on over 35 layer 1 and layer 2 networks. These oracles are constructed using raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring the accuracy and reliability of the information provided. Unlike other web3 data providers, DIA's oracles offer a level of customization and flexibility that sets them apart.

While DIA offers demo oracles for developers to test, these are not suitable for production applications. However, for users who require a custom configuration for a price feed, DIA can build a dedicated price feed oracle tailored to their specific needs. Whether it's selecting specific sources, defining methodologies, or updating mechanisms, DIA's custom oracles offer users the ability to fine-tune their price data to suit their requirements.

The use cases for DIA's price oracles are diverse and span across the blockchain ecosystem. In the realm of DeFi, their price information can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi space, DIA's oracles enable activities such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

As a brief explanation, a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. DIA's custom oracles offer users the ability to access reliable price data and enhance their blockchain-based applications. To request a custom feed, users can contact DIA via Discord or Telegram and discuss their specific requirements. By leveraging DIA's custom oracles, users can unlock new possibilities and drive innovation in the blockchain space.

Why use DIA's ENJ API & price oracle?

Both DIA's ENJ API and ENJ Price Oracle offer a range of benefits for users in the blockchain ecosystem. By utilizing DIA's technology, users gain access to accurate and reliable price data for cryptocurrencies and NFTs. The main advantage of using DIA's API or Price Oracle for the ENJ token is the high level of customization available.

DIA's API and Price Oracle can be tailored to meet the specific needs of decentralized applications. Users have the flexibility to configure various settings such as the data sources that make up the feed, the data cleaning filters, pricing methodologies, and update mechanisms. This level of customization ensures that the data and oracle remain robust and resilient, even in the face of unique market conditions.

Transparency is another key benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency across the entire data journey. Users can track and monitor the oracle and API feeds closely, ensuring complete visibility into the data sources and processes.

By leveraging DIA's ENJ API and Price Oracle, users can access tailored and transparent price data for the ENJ token. This empowers individuals and businesses in the blockchain space to make informed decisions and build applications with reliable data feeds. Whether it's for global market prices or specific individual or cross-chain market prices, DIA's technology offers a reliable and customizable solution.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.