EJS

Overview of Enjinstarter(EJS)

Enjinstarter, known in the cryptocurrency community by its ticker EJS, was established in 2021 by a dedicated team comprising Prakash Somosundram, Alvin Tang, Shitij Gupta, and other key members in the roles of CFO and CIO.

Since its introduction, EJS has been recognized and listed on notable exchanges such as LATOKEN, MXC, and Gate.io. For users looking to store EJS tokens, a myriad of options are at their disposal, including web wallets, mobile wallets, and desktop wallets. The trajectory of Enjinstarter in the crypto landscape underscores its promise and the vision held by its foundational team.

Pros and Cons

Pros:

1. Gaming-centric Platform - Enjinstarter has a specialized focus on blockchain gaming. This clear niche emphasis makes it a potential go-to platform for enthusiasts and developers in this space.

2. Enables Blockchain Game Development - The platform facilitates the creation and launch of blockchain games by providing developers with necessary resources. This potentially accelerates the development of new games in this sector.

3. Voting Mechanisms for Project Approval - With the inclusion of voting mechanisms, EJS places decisions about which projects should proceed into the hands of its community. This express community involvement can lead to greater engagement and commitment from users.

4. Provides Liquidity and Staking Options - The capability to provide liquidity and stake tokens can offer additional financial benefits for users beyond just fundraising.

Cons:

1. Dependence on Ethereum Platform - EJS operates on the Ethereum platform. Consequently, any issues or changes in Ethereum's performance or infrastructure may possibly impact Enjinstarter's operation and token value.

2. Value Susceptibility to Market Fluctuations - The value of EJS, like all cryptocurrencies, can be highly volatile. This exposes investors and users to potential substantial losses.

3. Requires EJS Tokens for Interaction - Participation in the platform, including voting and access to presales, requires ownership of EJS tokens. This may limit accessibility for those interested in the platform but unwilling or unable to acquire the tokens.

4. Investor Risk - Given the nature of cryptocurrencies, there's a level of risk associated for investors. Potential participants should conduct a thorough due diligence review before deciding to invest.

What Makes Enjinstarter(EJS) Unique？

Enjinstarter (EJS) is innovative in the way it intersects the worlds of gaming and blockchain. This platform targets the gaming industry, seeking to provide resources for developers to create and launch games powered by blockchain technology. This distinguishes it from other cryptocurrencies that do not have such a clear industry focus.

Additionally, unlike some other tokens, EJS tokens have a specific and significant function within their platform. They are not only for investment but are also used for accessing presales and voting on the platform. This creates a unique ecosystem where token stakeholders actively participate in decision-making processes about which projects should proceed.

Furthermore, Enjinstarter's business model relies more heavily on the idea of community. The voting process empowers the community: they get to decide which projects deserve to progress to the fundraising stage. This level of engagement might differ from traditional cryptocurrencies where token holders have little to no say in matters of project selection and progression.

Lastly, Enjinstarter strides in the provision of liquidity and staking options, which enhances potential rewards for investors beyond just the appreciation of the EJS token in value. These features, while presented by other cryptocurrencies, are seamlessly integrated with Enjinstarters primary focus, which is its gaming-centric platform.

While all of these features distinguish Enjinstarter from many other cryptocurrencies, it's worth highlighting that the project's reliance on the Ethereum platform also places it among a large number of Ethereum-based projects. Therefore, while it does innovate within its chosen field, it also shares common characteristics and potential vulnerabilities with other Ethereum-dependent projects. These factors encapsulate the uniqueness of Enjinstarter but also underline some of the common challenges faced by many cryptocurrencies.

How Does Enjinstarter(EJS) Work？

Enjinstarter operates as follows:

1. Ecosystem Support: Enjinstarter assists creators and game development studios in adopting its robust ecosystem for their blockchain and digital asset strategies. This support enables these entities to harness the potential of blockchain technology and digital assets in their projects.

2. Web3 Innovation: Enjinstarter helps web2 brands and businesses develop cutting-edge web3 strategies, facilitating their transition into the evolving landscape of decentralized technologies.

3. Launchpad: Enjinstarter offers a next-generation launchpad that has successfully funded more than 50 IDOs (Initial DEX Offerings). This launchpad serves as a platform for new projects to secure initial funding and gain exposure within the blockchain and crypto space.

4. Incubator: Enjinstarter maintains a carefully selected portfolio of projects, treating them as their own and preparing them for global success. These projects receive the necessary guidance and support to thrive in the blockchain and digital asset market.

5. EVENT Fundraising: Enjinstarter provides fundraising support to its partners, which includes assistance with investor planning, roadshows, fundraising strategy, and any other necessary help to secure the required funds for their projects.

6. Partnerships: Enjinstarter facilitates introductions to critical partners such as centralized exchanges (CEX), layer 1 or 2 solutions, market makers, key opinion leaders (KOLs), media partners, and community gatekeepers. These partnerships enhance the visibility and credibility of the projects.

7. Events: Enjinstarter organizes and partners with significant web3 events, ensuring that partner brands and projects receive maximum visibility within the blockchain and digital asset industry. This exposure helps these entities reach a wider audience and establish themselves in the web3 ecosystem.

Exchanges to Buy Enjinstarter(EJS)

When acquiring Enjinstarter (EJS), it is important to note that the token can be purchased on multiple exchanges. Here are some examples:

• LATOKEN: A well-known exchange in the crypto landscape, LATOKEN may list EJS for trading. Potential pairs could encompass EJS/BTC, EJS/ETH, and EJS/USDT, among others.

• MXC: Gaining traction in the cryptocurrency market, MXC's support for EJS underscores its growing prominence. Trading pairs could include EJS/BTC and EJS/USDT.

• Gate.io: Known for its extensive token listings, Gate.io could offer EJS trading options with pairs such as EJS/BTC and EJS/USDT.

• Binance - Binance is one of the world's largest and most popular cryptocurrency exchanges. On Binance, EJS can be purchased using several pairs, such as EJS/BTC and EJS/ETH.

• KuCoin - Another major global crypto exchange, KuCoin supports a variety of cryptocurrency pairs. Here, you can buy EJS with pairs including EJS/USDT and EJS/BTC.

• Uniswap - Uniswap is a decentralized exchange operating on the Ethereum Network. On this platform, EJS, being an ERC-20 token, can be swapped with Ethereum (ETH) or any other token based on the Ethereum blockchain.

• PancakeSwap - As a decentralized exchange running on the Binance Smart Chain, PancakeSwap also trades EJS. It allows for the swapping of EJS with Binance Coin (BNB) or other tokens on the BSC network.

• SushiSwap - Similar to Uniswap, SushiSwap also operates on the Ethereum network. EJS can be purchased here by swapping with ETH or other ERC-20 tokens.

• 1inch - 1inch is another decentralized exchange operating on several networks, including Ethereum. Purchase of EJS using various tokens is possible on 1inch.

It's important to remember that market availability varies. Hence, an investor should check if the exchange operates within their jurisdiction, consider the associated fees, the security systems, and ensure that the necessary currency/token pairs are supported. Always perform due diligence before proceeding with transactions.

How to Store Enjinstarter(EJS)？

Enjinstarter (EJS) is an ERC-20 token, meaning it is based on the Ethereum blockchain. Therefore, it can be stored in any wallet that supports ERC-20 tokens. Wallets can fall into several categories, including:

1. Web Wallets - Web wallets, like MyEtherWallet (MEW), allows users to store and manage their EJS tokens directly in the web browser. These offer convenient access and functionality but can be relatively less secure compared to other solutions due to potential vulnerabilities of web browsers.

2. Mobile Wallets - Mobile wallets, such as Trust Wallet or MetaMask (which has a mobile version), can store EJS tokens. They deliver practicality by allowing management of assets directly from your mobile device, ideal for those who are frequently transacting or checking positions.

3. Desktop Wallets - Gateways such as Exodus or Atomic Wallet are desktop applications that allow users to store their EJS tokens. These wallets offer an intuitive interface and more robust security measures than web wallets.

4. Hardware Wallets - For those with a significant investment in EJS tokens and who prioritize security over convenience, hardware wallets like Ledger or Trezor can be an ideal solution. These wallets store your tokens offline in 'Cold Storage', keeping them safe from online threats or vulnerabilities.

5. Paper Wallets - Paper Wallets are another form of 'Cold Storage'. They involve printing out your private keys and storing them in a secure place. This option, while secure, doesn't offer the same user-friendly interface or easy access as the other wallets listed.

Remember, irrespective of the wallet type you choose, key aspects such as security, control over private keys, backup features, and compatibility with different operating systems ought to be considered in your decision-making process. Always ensure that all security measures are appropriately put in place, such as creating back-ups for your keys and using two-factor authentication where available.

Should You Buy Enjinstarter(EJS)？

The suitability to buy Enjinstarter (EJS) can depend on a range of factors. Here are a few categories of individuals who might consider acquiring EJS:

1. Blockchain Gaming Enthusiasts – As Enjinstarter is a gaming-centric platform, individuals with passion and interest in the blockchain gaming industry may find value in buying EJS.

2. Developers/Project Creators - They may find EJS beneficial in raising funds for their blockchain-based game projects.

3. Long-term Investors - Those who see potential in the intersection of gaming and blockchain technology might consider holding EJS for the long term.

4. Active Platform Participants - If you want to get involved with the projects on the Enjinstarter platform, owning EJS is a requirement as it allows you to participate in various activities like voting and accessing presales.

For those considering buying EJS, here are some professional and objective advice:

1. Always Do Your Research - It's crucial to thoroughly understand the token, including its use, the platform functions, and its roadmap. Read the whitepaper and research the team behind the project.

2. Market Volatility - Cryptocurrency prices can fluctuate widely, and EJS is no exception. Only invest money you are willing to lose and always invest responsibly.

3. Ethereum Dependence - Because EJS operates on the Ethereum platform, it's also good to follow Ethereum updates, as any changes here may affect the EJS operations.

4. Regulatory Risk - As with all cryptocurrencies, regulatory changes can impact the value and functionality of the token. Keep up to date with relevant news.

5. Security - Ensure that your tokens are safely stored in a secure wallet. Remember to consider web, mobile, desktop, and hardware storage options.

6. Trading Platforms - Check that your chosen trading platform(s) support EJS and provide a secure, reliable trading experience with reasonable fees.

7. Long-term Potential - While EJS may be appealing for its niche focus on gaming, consider the long-term viability and potential growth of the sector when investing.

Finally, like any investment, purchasing EJS should align with your financial goals and risk tolerance. Ensure to seek advice from a financial advisor if you're uncertain.

Conclusion

Enjinstarter (EJS) is an Ethereum-based cryptocurrency specifically designed to cater to the blockchain gaming industry. It operates as a decentralized crowdfunding platform, allowing developers to bring forward game projects and raise funds via token sales and presales, with EJS tokens required for participation. Additionally, token holders gain the power to vote on project validity, providing a unique opportunity for community engagement in project growth.

The future development prospect of EJS is tied closely to the evolution and expansion of the blockchain gaming industry, and the adoption of blockchain technology in gaming. If these industries continue to grow and evolve, EJS, given its unique position and objective, could see increasing appeal and value.

However, like any cryptocurrency, EJS's value can fluctuate widely, influenced by market dynamics, platform evolution, regulatory changes, technological advancements with the Ethereum platform, and broader economic factors. Thus, while EJS has the potential to appreciate and provide financial gain, it also carries inherent risk. Potential investors should carry out comprehensive research and financial analysis, remain cautious, and practice responsible investment behavior.

FAQs

Q: What factors influence the value of EJS tokens？

A: The value of EJS tokens can vary on account of market dynamics, the progress and success of projects funded on the Enjinstarter platform, changes in the Ethereum platform, and general fluctuations in the broader cryptocurrency market.

Q: Can one expect to earn money from holding or trading EJS？

A: Possibilities for financial gain exist through the appreciation of EJS tokens and staking rewards within the platform, yet it's essential to note that the cryptocurrency market's volatile nature entails potential risks.

Q: How are EJS tokens acquired？

A: EJS tokens can be purchased on various cryptocurrency exchanges that support it, including but not limited to Binance, KuCoin, Uniswap, PancakeSwap, SushiSwap, and 1inch, using several possible currency and token pairs.

Q: Who would be the ideal candidate to invest in EJS tokens？

A: Ideally, blockchain gaming enthusiasts, long-term investors focusing on gaming and blockchain technologies, and active participants in the platform who desire to contribute to project decision-making for blockchain games would benefit the most from investing in EJS tokens.

Q: What kind of future prospects does EJS have？

A: The potential growth of EJS is intrinsically linked to the progress of the blockchain-gaming industry, meaning increased blockchain integration in gaming and successful fundraising projects within the platform could lead to its value growth over time.

Q: What kind of precautions should be taken while investing in EJS？

A: Due diligence, knowledge of Enjinstarter's operation, an understanding of Ethereum, awareness of market fluctuations and potential risks, secure storage of tokens, and responsible investment behavior are prerequisites for investing in EJS.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.