Enjin Coin (ENJ) has 88% of its supply unlocked

Enjin Coin (ENJ) has 88% of its supply unlocked

Enjin Coin (ENJ) has 88% of its supply unlocked The NFT platform Enjin Coin (ENJ) has 88% of its supply unlocked, with the initial governance rewards of 125 million ENJ set to unlock by October this year. The holder migration (1.1 billion ENJ) and ecosystem pool (175 million ENJ) are both 100% unlocked. This means that the vast majority of ENJ tokens are now in circulation, which could have a significant impact on the price of the token. It is important to note that the circulating supply of a token is not the same as its total supply. The total supply of ENJ is 1 billion tokens, but only 88% of these tokens are currently in circulation. The remaining 12% of tokens are locked in a smart contract and will be released over time. The unlocking of the governance rewards could have a significant impact on the price of ENJ, as these tokens will be available for trading on the open market. It is possible that the price of ENJ will rise as these tokens are released, as investors will be able to buy and sell them. However, it is also possible that the price of ENJ will fall, as the increased supply of tokens could put downward pressure on the price. It is important to do your own research before investing in any cryptocurrency, and to only invest what you can afford to lose.