Enjinstarter price

EJS

#3896

Enjinstarter was launched by a diverse team of experienced blockchain developers and entrepreneurs. Prakash Somosundram, the platform’s CEO, previously served as an advisor to several blockchain and fintech-related projects, such as iBG Finance, CGX.io, and the BCMG Genesis Bitcoin Fund. Enjinstarter’s CTO Alvin Tang is an experienced software engineer who, prior to Enjinstarter, founded and headed a Singapore-based software company for more than 14 years.

Enjinstarter also enjoys the backing of several heavyweights in the blockchain gaming space. Among its angel investors are Gabby Dizon, co-founder of YGG, Maxim Blagov and Witek Radomski, CEO and CTO of Enjin, in addition to multiple high-profile venture capital funds.

By partnering with Enjin, Enjinstarter is in a prime position to help blockchain based games and apps leverage Enjin’s technology and infrastructure, which, in turn, supercharges their growth. This includes building their subsidiary projects on the gas-free Jumpnet blockchain, as well as on Efinity, a Polkadot-based NFT parachain. Enjinstarter’s CEO Prakash Somosundram declared that the project shared Enjin’s vision for blockchain games and the metaverse and that it was honored to contribute to Enjin’s ambitious roadmap.

Enjinstarter takes a multi-level approach to growth. On the one hand, its strategic stakeholder network cooperates with leading venture capital funds involved in blockchain gaming, while its scouting system helps identify and bring in interesting projects to the platform. Moreover, it boasts gamified incentives for community engagements like play-to-earn allocations in incubated projects.

Enjinstarter has already successfully incubated several projects. One example is Pixelverse, a next-generation NFT metaverse for games, communities, and creators. Another one is Project Defina, a play-to-earn blockchain game with DeFi elements and Gaia Everworld, an immersive fantasy game where players can explore lands and build their own kingdom. Finally, Enjinstarter helped launch Scottybeam, an “NFT teleporter” that helps to move NFTs across different blockchains.

The total supply of EJS is five billion. The token distribution is as follows:

• Seed round (10%): $0.001 per token, one month cliff, 10% linear vesting each month.
• Strategic (10%): $0.002 per token, one month cliff, 10% linear vesting each month.
• Private Sale 1 (13%): $0.004 per token, 5% on TGE, 9.5% linear vesting each month.
• Private Sale 2 (3%):$0.006 per token, 10% on TGE, 9% linear vesting each month.
• Public Sale (1%): $0.008 per token, 50% is unlocked at TGE, 50% after one month
• Team (15%): 15% is unlocked at TGE, then linear vesting over the next 24 months
• Ecosystem fund (8%)
• Company reserves (20%)
• Community rewards (20%)

EJS can be used to invest and accelerate the development of projects incubated by Enjinstarter.

EJS is a ERC-20 token on Ethereum, one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Enjinstarter is built on the Jumpnet blockchain, meaning it benefits from no gas fees, carbon-negative NFTs, and smart contract support. Enjin offers a bridge to move assets from Ethereum to Jumpnet.

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