Enjin Coin (ENJ) Price



Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with ENJ. 

No securities regulatory authority has expressed an opinion about ENJ, including an opinion that ENJ itself is not a security and/or derivative.

Token Description & Project Background

Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used ‘to back the value of next-gen fungibles and NFTs’.

ENJ  functions as the primary management tool for the Enjin network. Founded in 2009 by Maxim Blagov and Witek Radomski, Enjin is a socialized platform of gaming enthusiasts ranging from small-scale developers, large studios, and even individual gamers. On this network, users can create, trade, monetize, and market digital assets that exist in their in-game virtual worlds.

Enjin was founded as a private company in Singapore in 2009 as the Enjin Network. The company launched an ICO in 2017 creating the ENJ coin. 

The Enjin Wallet launched in early 2018 with mainnet launching in summer of 2018.

Risks of ENJ

Like an investment in other crypto assets, there are some general risks to investing in ENJ. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in ENJ is subject to the following specific risks:

  • Any potential success associated with ENJ is dependent on its rate of adoption by developers, gamers, and NFT collectors. A number of alternative trading platforms have emerged since the project’s founding in 2009.
  • Any potential success associated with ENJ is dependent on a number of external factors, such as the growth and increased adoption of the metaverse economy, and the continued popularity of NFTs as digital collectibles.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ENJ. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The ENJ community and ENJ team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of ENJ have no recourse to the ENJ community, ENJ team, or Uphold if ENJ declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing ENJ on the Uphold Platform, Uphold performed due diligence on ENJ and determined that ENJ is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of ENJ, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of ENJ.
  • Marketing materials put forward by the ENJ social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with ENJ, including any code defects, security breaches and other threats concerning ENJ and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with ENJ, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ENJ. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 12, 2023.

How to buy Enjin Coin (ENJ)

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