Earlier this week, we were proud to announce the addition of Enjin Coin (ENJ) as a Bancor V2 launch pool.
This is exciting for Enjin Coin hodlers, because it will enable them to provide liquidity and earn transaction fees on trades between ENJ and 250+ other cryptocurrencies—while maintaining the complete value of their ENJ holdings.
But outside of the benefits for hodlers, what this development means for the gaming industry should not be understated.
Currently, developers purchase ENJ and use it to create blockchain items for their games, while gamers use ENJ to buy those items and play those games.
Bancor is working to make it easier for users to buy ENJ through the Enjin Wallet, along with the many other apps that have adopted Bancor Protocol.
This is important, given three pillars of our strategy when it comes to adoption in the games market:
- Provide technology that gamers love.
- Make it easy for developers to integrate it.
- Make it simple to buy the coin (ENJ) that drives it.
By increasing Bancor’s liquidity pool, Enjin adopters will be able to access cheaper prices on ENJ trades through the Enjin Wallet, meaning less slippage.
So, if you're like us and want more developers to mint assets via the Enjin Platform, as well as more gamers to purchase assets on the Enjin Marketplace, then consider Bancor V2 another opportunity to support blockchain adoption–and earn some passive income while you’re at it.
Announcing ENJ as a Bancor V2 Launch Pool
Once live, the new Bancor V2 pool will allow ENJ holders to provide liquidity and earn a share of the pool’s trading fees while maintaining their long position on the token.
Live AMA with Bancor
Want to learn more about Bancor V2 and the significance of the ENJ liquidity pool?
We’re hosting a live AMA with the Bancor team in our Telegram channel!
- Time & Date: July 22, 2020 at 3:00pm UTC
- Location: Enjin Telegram
- Guests: Asaf Shachaf, Bancor Head of Product
Nate Hindman, Bancor Head of Growth
All selected questions will receive 10 BNT and 100 Frozen ENJ.
See you there!
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