Article Summary, Automatically Generated By AI
About Enjinstarter
Key Points
- Enjinstarter is a launchpad for blockchain-based games and metaverse projects.
- Founded by Prakash Somosundram and Alvin Tang, with backing from Enjin and other blockchain gaming heavyweights.
- Partners with Enjin to leverage its technology and infrastructure.
- Multi-level approach to growth, including strategic stakeholder network, scouting system, and gamified incentives.
- Successfully incubated projects include Pixelverse, Project Defina, Gaia Everworld, and Scottybeam.
- Total supply of EJS is 5 billion.
- EJS can be used to invest and accelerate development of incubated projects
About Enjinstarter
Introducing Enjinstarter, a pioneering launchpad and accelerator program meticulously designed to empower innovative blockchain projects, providing them with the necessary resources, expertise, and network to thrive in the competitive cryptocurrency landscape.
Introducing Enjinstarter (EJS): A Revolutionary Platform
Enjinstarter is a pioneering launchpad dedicated to blockchain-based games and metaverse-related projects, anchored within the Enjin ecosystem. Built upon Enjin’s JumpNet, with a roadmap that converges on Efinity, Enjinstarter’s overarching objective is to empower creators and game developers to orchestrate capital-raising campaigns and foster vibrant communities, leveraging the transformative power of blockchain technology. The launchpad also facilitates alternative capital-raising avenues, such as the sale of virtual items as NFTs. Furthermore, all GameFi projects incubated by Enjinstarter receive comprehensive, end-to-end support, encompassing strategic guidance and campaign launch promotion, to ensure sustainable success.
The Visionary Founders Behind Enjinstarter
Enjinstarter was founded by a diverse team of seasoned blockchain developers and entrepreneurs. At the helm is Prakash Somosundram, the platform’s CEO, who brings a wealth of experience as an advisor to several prominent blockchain and fintech-related projects, including iBG Finance, CGX.io, and the BCMG Genesis Bitcoin Fund. Meanwhile, Enjinstarter’s CTO, Alvin Tang, is a seasoned software engineer who, prior to joining the platform, successfully founded and led a Singapore-based software company for over 14 years.
Enjinstarter boasts the esteemed support of several luminaries in the blockchain gaming sphere. Notably, its angel investors include Gabby Dizon, co-founder of YGG, as well as Maxim Blagov and Witek Radomski, CEO and CTO of Enjin, respectively, alongside multiple prominent venture capital funds.
Unveiling the Unparalleled Enjinstarter Advantage
Through its strategic partnership with Enjin, Enjinstarter is poised to empower blockchain-based games and applications, unlocking the full potential of Enjin’s cutting-edge technology and infrastructure. This synergy enables the development of subsidiary projects on the gas-free Jumpnet blockchain, as well as on Efinity, a Polkadot-based NFT parachain. According to Enjinstarter’s CEO, Prakash Somosundram, the project shares Enjin’s vision for blockchain gaming and the metaverse, and is honored to contribute to Enjin’s ambitious roadmap.
Enjinstarter adopts a multi-faceted approach to growth, leveraging a strategic stakeholder network that collaborates with prominent venture capital funds invested in blockchain gaming. Additionally, its scouting system is designed to identify and onboard promising projects to the platform. Furthermore, the platform features gamified incentives that foster community engagement, including play-to-earn allocations in incubated projects.
Enjinstarter has already successfully nurtured several innovative projects. Notably, Pixelverse, a pioneering NFT metaverse, has emerged as a vibrant ecosystem for games, communities, and creators. Additionally, Project Defina, a groundbreaking play-to-earn blockchain game infused with DeFi elements, and Gaia Everworld, an immersive fantasy game where players can explore mystical lands and build their own kingdoms, have also been incubated. Furthermore, Enjinstarter played a pivotal role in launching Scottybeam, a revolutionary “NFT teleporter” that seamlessly facilitates the transfer of NFTs across disparate blockchains.
Enjinstarter (EJS) Coin Circulation: A Quantitative Breakdown
The total supply of EJS is capped at five billion, with a carefully crafted token distribution as follows:
- Seed Round (10%): Tokens priced at $0.001, subject to a one-month cliff, followed by 10% linear vesting each month.
- Strategic Partners (10%): Tokens priced at $0.002, subject to a one-month cliff, followed by 10% linear vesting each month.
- Private Sale 1 (13%): Tokens priced at $0.004, with 5% unlocked at TGE, and 9.5% linear vesting each month.
- Private Sale 2 (3%): Tokens priced at $0.006, with 10% unlocked at TGE, and 9% linear vesting each month.
- Public Sale (1%): Tokens priced at $0.008, with 50% unlocked at TGE, and the remaining 50% unlocked one month later.
- Team Allocation (15%): 15% unlocked at TGE, followed by linear vesting over the subsequent 24 months.
- Ecosystem Fund (8%)
- Company Reserves (20%)
- Community Rewards (20%)
EJS can be leveraged to fuel investments and turbocharge the development of projects nurtured by Enjinstarter.
The Enjinstarter Network’s Robust Security Framework: A Comprehensive Overview
EJS is an ERC-20 token built on Ethereum, one of the most widely adopted and trusted blockchains, serving as the preferred platform for numerous decentralized applications. The proof-of-work consensus mechanism, which necessitates the mining of new Ether, ensures that Ethereum remains one of the most secure blockchains in the cryptocurrency landscape. A network of decentralized nodes is responsible for validating transactions and maintaining the integrity of the Ethereum blockchain.
Enjinstarter is built on the Jumpnet blockchain, thereby leveraging the advantages of zero gas fees, eco-friendly, carbon-negative NFTs, and robust smart contract support. Furthermore, Enjin provides a seamless bridge to effortlessly migrate assets from Ethereum to Jumpnet.
Will Enjinstarter Soar to the $1 Mark?
Enjinstarter is poised for exponential growth, as the blockchain gaming sector experiences a remarkable surge, with new projects emerging at an unprecedented rate. However, from its current valuation of $0.17, it will require a substantial 5X surge to reach the $1 milestone, a formidable challenge even with the robust network that Enjinstarter can leverage.
Where to Acquire Enjinstarter (EJS): A Comprehensive Guide
Enjinstarter is proudly listed on prominent exchanges, including Uniswap (V3), MEXC, BigONE, and Uniswap (V2), ensuring seamless accessibility for users worldwide.
Associated Resources:
Immerse yourself in Decentraland (MANA), a revolutionary virtual realm where land ownership is securely backed by the power of cryptocurrency.
Discover Enjin, the pioneering gaming ecosystem that has formed a strategic partnership with Enjinstarter.
Delve into the fascinating realm of Sotheby’s metaverse, a captivating convergence of art, technology, and innovation.
Stay ahead of the curve with the latest cryptocurrency news and expert trading insights, courtesy of the CoinMarketCap blog.