Cryptocurrency Q&A
How does Enjin make money?
How does Enjin make money?
Riccardo
Sat Jun 29 2024
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7 answers
1481
Could you elaborate on the financial model behind Enjin and how it generates revenue? As a cryptocurrency and finance practitioner, I'm particularly interested in understanding how platforms such as Enjin sustain their operations. Does it rely primarily on transaction fees? Or does it derive income from partnerships, subscriptions, or other revenue streams? How has this approach impacted the platform's growth and adoption among users? Your insights into this aspect would be highly valuable in helping me form a more comprehensive understanding of Enjin's financial landscape.
7 answers
SamsungShineBrightnessRadianceGlitter
Mon Jul 01 2024
In 2017, Enjin took a significant step towards this vision by launching an initial coin offering (ICO).
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DigitalEagle
Mon Jul 01 2024
The ICO was a resounding success, raising approximately $18.9 million through the sale of ENJ tokens.
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DiamondStorm
Mon Jul 01 2024
Enjin, a for-profit enterprise, was established in 2009 by its co-founders, Maxim Blagov and Witek Radomski.
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Stardust
Mon Jul 01 2024
Its primary purpose was to serve as a gaming platform with a strong community foundation.
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StarlitFantasy
Mon Jul 01 2024
These funds were intended to power the development of Enjin's new blockchain platform, providing a secure and efficient means of asset ownership and management within the gaming world.
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