Enjin Coin was created with a special focus on the gaming industry. The main objective is to build a strong virtual gaming store for the gaming industry. With this digital coin, the players or users of the platform will be able to trade virtual gaming goods, and at the same time, it will enable content creators to monetize their content. They will use the platform to create demand and supply of virtual gaming commodities. To understand how this will work, we can use an example or illustration of what happens in the gaming industry.
If you are an online gaming fan, you know that you require your character to have a good look and tools like guns, swords, and cars. Where you buy the items, is called a virtual goods market in the online gaming industry. With that in mind, you can now see why it is important for the online gaming community and other stakeholders to have a cryptocurrency. It is basically so that they can trade via the platform.
With the Enjin coin, the game publishers, game servers and the creators of the virtual content (digital game items creators) will have a way of monetizing the content and the games that offer more robust features and toolsets than the traditional platform. Just like other digital currencies, the gaming industry will enjoy a decentralized platform that has several supporting frameworks.
Benefits of Enjin Coin to Gaming Communities
Communities will need the digital coin to be able to create gaming websites that will enable the users to get tokens as rewards for doing something that will help the community. They will also be able to strengthen the user’s participation so that the users can be rewarded for being active on the gaming platform. This will encourage them to continue playing. And lastly, Enjin coin will help the communities to automate the rewarding process.
Benefits of Enjin Coin to Content Creators
For the creators of digital gaming items, they will be able to create tokens that will represent the different gaming assets such as the swords and the guns. This will help by enabling an efficient management of the virtual gaming commodities, and this is by having a real market value attached to each commodity. Lastly, through the Enjin coin, they can be able to manage subscriptions in games or the online gaming forums.
Benefits of Enjin Coin to Gamers
The gamers who keep the communities and content developers busy will be able to buy and sell the digital game assets for real value and get the money in the bank. They can trade between the gaming virtual commodities because they will have a valuable currency.