Skip to main content

Is Enjin Coin (ENJ) the First Gaming Token? What the Record Shows

ENJ is not on record as the first gaming token, but Enjin co-wrote ERC-1155. How ENJ, minting, melting and ENJ Infusion work today.

· By ZIPMEX · 14 min read

Nothing on the record shows that Enjin Coin (ENJ) was the first gaming token. Enjin makes a different and narrower claim. Its developer documentation calls the Enjin Blockchain "the world's first purpose-built blockchain for games and apps." That is the project describing itself. The record does show that Enjin helped shape how games put items on a blockchain. Enjin's co-founder Witek Radomski is the first-listed author of ERC-1155, the Ethereum multi-token standard, which was created on 17 June 2018. ENJ now runs as the native coin of Enjin's own blockchain.

Screenshot of the www.indexcoop.com page with the cited passage highlighted
Screenshot of www.indexcoop.com, captured Oct 18, 2026. Highlighted: the passage this section cites.
Enjin Coin's 2017 ICO and 2018 mainnet/ KEY FACTSEnjin Coin's 2017 ICO and 2018 mainnetICO STARTBitcoinWiki gives the ENJ ICO start date as 2017-10-03.ICO RAISEIndex Coop says the company raised about $18.9 million inits 2017 ICO.MAINNETIndex Coop says the Enjin team launched the platform'smainnet in 2018.Source: bitcoinwiki.org, accessed Oct 17, 2026; indexcoop.com, accessed Oct 17, 2026
Key-facts card titled Enjin Coin's 2017 ICO and 2018 mainnet. Three facts in order: BitcoinWiki gives the ICO start date as 2017-10-03; Index Coop says the company raised about $18.9 million in its 2017 ICO; Index Coop says the Enjin team launched the platform's mainnet in 2018.
Original ZIPMEX key-facts diagram: three dated facts from BitcoinWiki and Index Coop on Enjin Coin's 2017 ICO and 2018 mainnet. · ZIPMEX diagram; data: bitcoinwiki.org, indexcoop.com

What ENJ is today

Enjin's documentation describes the Enjin Blockchain as two layers:

  • Enjin Relaychain. The docs call it "the central backbone of the Enjin ecosystem." It handles a limited set of transaction types and is secured by staking. One docs page calls the mechanism "nominated proof-of-stake" and another calls it "a delegated Proof-of-Stake."
  • Enjin Matrixchain. Specialized chains that handle asset operations and the marketplace. The docs say they "prioritize speed, scalability, and cost efficiency." ENJ pays transaction fees on the Matrixchain.

The docs describe the whole system as "a Layer 1 protocol designed with native NFT functionalities embedded within the protocol layer." In practice, a game creates items with a built-in chain feature instead of deploying its own smart contract for them.

ENJ has three roles in the current docs:

  • Fees. It pays for transactions on the Matrixchain.
  • Staking. Holders can put ENJ into a nomination pool "with just one click" to help secure the Relaychain and earn ENJ rewards. The docs say the staked amount "remains highly liquid and can be used within the Enjin ecosystem."
  • Governance. Holders can take part in governance. Index Coop, in a guide dated 13 April 2022, also calls ENJ the Enjin Network's "governance and utility token."

The move off Ethereum

ENJ started as an ERC-20 token on Ethereum. To move to native ENJ on the Enjin Blockchain, Enjin's support material says a holder sends the Ethereum tokens to the burn address 0x000000000000000000000000000000000000dEaD. Enjin says no one controls that address, including Enjin. The tokens can be claimed on the Enjin Matrixchain about 24 hours later. The step cannot be undone. Enjin warns against burning from a wallet you do not fully control, because those tokens can be lost for good. The burn transaction needs some ETH to pay the Ethereum fee.

Is it really the first gaming token?

A "first" claim needs a dated list of earlier gaming tokens, and none of the sources below provides one or names ENJ as first. Here is what each one says:

  • ERC-1155 specification (Ethereum Improvement Proposals). It says: "With the rise of blockchain games and platforms like Enjin Coin, game developers may be creating thousands of token types." It names Enjin as an example, not as the first. The same section adds that "ERC-1155 is not specific to games." Enjin Coin is also listed among the standard's implementations.
  • Enjin's own docs. They claim a first for the blockchain ("purpose-built for games and apps"), not for the token, and the claim is Enjin's own.
  • BitcoinWiki. It calls ENJ "a new cryptocurrency" for communities, content creators, game servers and publishers. It makes no claim about being first.

A fair summary: Enjin was an early gaming project, and its team co-wrote a widely used token standard. Whether ENJ was the first gaming token is not established.

Which ENJ rules apply to you?

Answer a few questions about the ENJ you hold or the ENJ item you use to see which rule from Enjin's documentation applies.

  1. Which ENJ do you hold?

  2. Do you fully control the wallet that holds your ERC-20 ENJ?

  3. What do you want to do with native ENJ?

  4. Was ENJ infused into the item when it was created?

Check which chain your ENJ is on first

ERC-20 ENJ on Ethereum and native ENJ on the Enjin Blockchain are different assets. Find out which one you hold before you do anything else, because migration is a one-way burn.

Migration is a one-way burn

Enjin's support material says you send ERC-20 ENJ to the burn address 0x000000000000000000000000000000000000dEaD, which no one controls, including Enjin. You can claim the tokens on the Enjin Matrixchain about 24 hours later. The step cannot be undone, and the burn transaction needs some ETH to pay the Ethereum fee.

Enjin warns against burning from this wallet

Enjin warns against burning from a wallet you do not fully control, because those tokens can be lost for good. The burn cannot be undone.

Staking happens on the Relaychain

Holders can put ENJ into a nomination pool to help secure the Enjin Relaychain and earn ENJ rewards. The docs say the staked amount remains highly liquid within the Enjin ecosystem. The Matrixchain is for assets and the marketplace, not staking.

ENJ pays fees on the Matrixchain

In the current docs, ENJ pays for transactions on the Enjin Matrixchain, the chains that handle asset operations and the marketplace.

Melting releases the infused ENJ

Enjin's developer docs say melting a token with ENJ Infusion releases the infused ENJ to the holder. What you get back depends on how much ENJ was infused, not on a fixed share. The older 'up to 50%' figure describes the Ethereum-era model, not the current chain.

No infused ENJ means no ENJ back

Under the current docs, an item with no infused ENJ returns no ENJ when melted. Destroying a token removes it from the chain and returns the storage deposit.

Look up the item's infusion first

Check how much ENJ, if any, is infused in the item. That amount is what melting returns under Enjin's current docs.

This maps the article's rules only: it does not show how much ENJ an item holds, staking reward rates, prices, migration dates or whether ENJ was the first gaming token, and it is not advice on whether to hold, stake, migrate or melt.

How minting, melting and ENJ Infusion work

Minting

Index Coop (2022) says ENJ "is used for minting of in-game assets." It adds that minting "can also be easily reversed to 'melt' assets back into the Enjin token."

Melting on the current chain

Enjin's developer docs define melting as "decreasing a token's supply and removing it from circulation." Two rules from those docs:

  • "Melting a token with ENJ Infusion releases the Infused ENJ to the holder." ENJ Infusion means ENJ is locked inside a token when it is created.
  • Destroying a token removes it from the chain and returns the storage deposit.

So under the current docs, what a holder gets back depends on how much ENJ was infused into that item. An item with no infused ENJ returns no ENJ.

The older "up to 50%" figure

BitcoinWiki, an undated encyclopedia-style page, says melting lets developers and players "reclaim up to 50% of the item's Enjin Coin-backed value." This appears to describe the older Ethereum-era model. It does not match Enjin's current developer docs, which say infused ENJ is released to the holder. Treat the 50% figure as a description of the older model, not of the current chain.

Key dates

DateEventSource
2009Enjin co-founded by Maxim Blagov and Witek RadomskiIndex Coop (2022)
3 Oct 2017ENJ initial coin offering (ICO) startsBitcoinWiki (undated)
2017ICO raises about $18.9 millionIndex Coop (2022)
17 Jun 2018ERC-1155 created; Witek Radomski first-listed authorERC-1155 specification
2018Enjin platform mainnet launched on EthereumIndex Coop (2022)

What to check before using ENJ items

  • Infusion. Look at how much ENJ, if any, is infused in an item. That amount is what melting returns, not a fixed share.
  • Which chain. ERC-20 ENJ on Ethereum and native ENJ on the Enjin Blockchain are different assets. Migration is a one-way burn.
  • Where you stake. Staking happens on the Relaychain. The Matrixchain is for assets and the marketplace.
Updated on Oct 25, 2026