Enjin Blockchain "Triple Migration" Successful; 51% Complete in First 60 Days
SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- 51% of native Enjin Coin (ENJ) on Enjin Blockchain allocated for swaps of ERC-20 tokens have been successfully claimed to date, following the launch of Enjin Blockchain's token migration over 60 days ago last September 13. This percentage completion is rapid given how widely distributed ERC-20 ENJ was, with over 80% distributed immediately at its 2017 launch and with over 170,000 unique addresses (excluding accounts in centralized platforms) pre-migration. This successful initial migration secures Enjin Blockchain and grounds initial governance and staking in this proof of stake blockchain, ahead of the 250 million ENJ early governance rewards to be released in 10 equal intervals beginning January 15, 2024.
- Enjin Blockchain is initially composed of Enjin Relaychain and Enjin Matrixchain.
- Enjin Blockchain contains a claims pallet that allows migration of ERC-20 ENJ to Enjin Blockchain native ENJ at a 1:1 ratio, and migration of ERC-20 EFI at a 4 EFI : 1 ENJ ratio.
- A pending Ethereum NFT migration will follow the Enjin Blockchain token migration (see below), with all Efinity NFTs already migrated to Enjin Blockchain.
- Enjin Wallet, a secure and easy-to-use mobile blockchain wallet that seamlessly plugs into games and other platforms with Enjin Platform.