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Playing an important role in the adoption of Web3, Enjin provides a platform of software products designed to allow anyone to harness the power of NFTs (non-fungible tokens) through the development, trade, monetization, and marketing of blockchain assets. 

What is the Enjin platform?

The Enjin platform is an ecosystem of interconnected, blockchain-based gaming products designed for individuals, game developers and businesses to create, manage and trade virtual goods such as digital art, games, or virtual marketplaces using the Ethereum blockchain. Enjin aims to provide users with the tools to implement smart digital solutions for blockchain games within the gaming environment.

Through the platform's software development kits (SDKs) and APIs, users can build digital assets as well as seamlessly integrate them into their games and applications. 

Under the Enjin umbrella is the Enjin Network, a community gaming platform that allows users to create websites, chat, and host virtual stores. Over the course of a decade, the Enjin platform has accumulated over 20 million users.

Powering the ecosystem is the Enjin Coin (ENJ), a token used to back the value of NFTs and other assets minted on the platform. When an asset is minted it locks ENJ tokens into a smart contract and effectively removes the tokens from circulation.

It’s also worth noting that Witek Radomski, Enjin's co-founder and the brainchild behind the ERC-1155 Ethereum token standard, wrote the code for the first non-fungible token (NFT). By utilizing its cutting-edge technology, Enjin is revolutionizing the future of gaming and digital assets.

Who created Enjin?

Enjin was originally founded in 2009 as a gaming community platform by Maxim Blagov and Witek Radomski. Blagov took on the responsibility of being CEO and in charge of the platform's creative direction while Radomski took on the role of CTO, leading the technical development of the platform's products.

Following Radomski's interest in Bitcoin in 2012, the platform explored incorporating blockchain technology into its business model and embraced the world of tokenized digital assets.

Radomski went on to write the ERC-1155 token standard in June 2018, a token standard used for minting both fungible, semi-fungible and non-fungible tokens using the Ethereum network. This token standard is a critical building block in the platform’s design.

In 2017, the Enjin platform launched an initial coin offering (ICO), raising $18.9 million through ENJ token sales. A year later the project went live and in September 2019, the Enjin Marketplace was launched.

How does Enjin work?

The primary goal of the Enjin network is to facilitate the management and storage of virtual goods for games, anything from in-game currencies to unique in-game items. So, how does Enjin work? The process of creating and destroying these tokens involves five steps, as outlined below. 

• Purchase
  Developers purchase Enjin Coin. 
• Minting
  In-game items are designed and effectively minted with the appropriate amount of ENJ locked into a smart contract.
• Utilization
  Players use these tokens within the game.
• Trading
  Players trade the tokens between fellow players or on the internal or external marketplace.
• Melting
  Players sell the tokens for Enjin Coin, referred to as melting. The token is destroyed and Enjin Coin is released from the smart contract.

SDKs (software development kits) come into play here, with kits designed to fulfill certain functions, such as facilitating a payment platform or being wallet-focused. These kits are designed to minimize costs and simplify the process of creating these virtual goods. APIs (application programming interfaces) work alongside the SDKs to integrate these virtual goods (digital assets) into the game.

The Enjin platform utilizes JumpNet which is integrated with other products in the ecosystem, such as the Marketplace, Enjin Beam, and the Enjin Wallet to allow for gas-free transactions for ENJ and NFTs.

The Enjin ecosystem encompasses the Enjin smart wallet that allows players to store and trade their in-game items with ease. The Enjin wallet is designed to connect all the features, from managing inventory to conducting transactions and selling these tokenized digital assets for ENJ. 

What is the Enjin Coin (ENJ)?

Enjin Coin (ENJ) is the native token of the Enjin ecosystem. Built on the Ethereum blockchain and compatible with multiple gaming platforms, the Enjin Coin is an ERC-20 token that allows the in-game items created on the platform to be traded with real-world value. The ENJ token has a maximum supply of 1 billion coins.

The token also allows developers to mint these digital goods. The process requires the users to lock Enjin Coin (ENJ) into a smart contract that automatically assigns value to the in-game item. Players that later use these items can use them in the game, trade them or sell them for ENJ, equivalent to the original minting cost. Once sold, the item is destroyed (known as melting) and the ENJ that was locked in the smart contract is released to the seller.

How can I buy Enjin Coin?

Anyone can tap into the Enjin ecosystem by acquiring ENJ tokens through the Tap mobile app. Simply create an account and complete the verification process in order to gain access to your unique Enjin wallet, from where you can buy, trade and sell Enjin Coin. 

Fully licensed and regulated, Tap provides a secure and convenient means of managing your funds, allowing users to manage and store both crypto and fiat currencies in one location. With a wide range of supported currencies and services, Tap is revolutionizing the financial space.

Take advantage of the power of Enjin Coin on the Tap app - the ultimate platform to buy, sell or hold ENJ. With seamless integration and an intuitive interface, trading Enjin tokens has never been easier. Stay up-to-date with the latest market trends and keep your portfolio on track by monitoring the Enjin Coin price in real-time. 

The poundtoken is a blockchain-based stablecoin pegged to the British pound sterling (GBP). With the rising interest in stablecoins, the poundtoken presents the perfect solution for UK-based crypto enthusiasts. As one of the first regulated GBP-based stablecoins, the poundtoken has an impressive and transparent means of ensuring that it is appropriately backed. 

What is poundtoken (GBPT)?

As mentioned above, the poundtoken is a stablecoin pegged to the British pound sterling (GBP), meaning that the poundtoken price will always be equivalent to that of ￡1. The coin is issued by Blackfridge SC Limited, a fintech platform licensed and regulated by the Isle of Man Financial Services Authority. GBPT is the first regulated stablecoin in the British Isles.

Stablecoins are required to hold reserves for each coin in circulation, and poundtoken is no exception. Blackfridge, based in the Isle of Man, holds 100% fiat reserves in segregated accounts in a European bank, and undergoes monthly proof of reserve attestations and annual financial audits by KPMG. 

With 2.45 million tokens as the maximum supply, poundtoken is an excellent option when looking for a GBP-backed stablecoin as it allows for direct GBP access to digital asset exchanges and DeFi (decentralised finance) protocols, while also ensuring frictionless real-time settlements.

Who created poundtoken?

Poundtoken was created by Alan Sun, Michael Crosbie and Nicholas Maybin as a solution to price volatility in the cryptocurrency space. Launched on July 11, 2022, the British Isles regulated GBPT was designed to merge the benefits of blockchain technology and smart contracts with the strengths of a regulated financial product. 

Through its fully vetted audit system, the stablecoin ensures that investors are always in the know regarding its backing and can rest assured knowing that the stablecoin is backed appropriately. This comes as a breath of fresh air when compared to other failed stablecoin projects that have recently collapsed and tainted the crypto image for investors and law enforcement agencies alike.

How does poundtoken work?

For every GBPT released into circulation, ￡1 is held in safeguarded segregated accounts held in a European bank. These funds undergo monthly proof of reserve attestations as well as annual financial audits, both conducted by KPMG.

Poundtoken.io is built on the Ethereum network, while GBPT utilizes the ERC-20 token standard. The stablecoin then uses smart contracts to facilitate the purchase, storage, transaction and transparent collateralisation of the stablecoin.

How does poundtoken comply with strict British financial regulations?

As the first British-regulated stablecoin, poundtoken has attracted much attention from investors in the digital asset markets for its strict auditing process, entirely transparent to the public. Since complying with the rigorous British financial regulation requirements, holders can rest assured knowing that they can redeem their stablecoin for GBP at any given time.

Isle of Man Financial Services Authority

The issuing company, Blackfridge is fully regulated and licensed by the IOMFSA. Through this licensing, Blackfridge is required to hold GBP equal to the value of the tokens issued at all times.

How Can I Buy GBPT?

Users looking to accumulate GBPT can do so conveniently from their Tap account. Simply register an account, and you'll be able to onboard several crypto and fiat currencies. From there you can buy, trade or sell at excellent rates as well as store the currencies in a secure location. 

Tap allows users to deposit several currencies, for example, Bitcoin or USD, and trade them for alternative cryptocurrencies. Through the secure platform and integrated technology, users are able to seamlessly conduct crypto trading at the best market prices available.

If you know anything about the NFT craze in the cryptosphere, you’ve likely heard of the wildly successful Bored Ape Yacht Club (BAYC). Expanding on this concept is the ApeCoin ecosystem, a cryptocurrency positioning itself at the forefront of Web3. ApeCoin is controlled by the ApeCoin DAO, a decentralized autonomous organization of which all APE holders can become a part.

What is the ApeCoin ecosystem?

ApeCoin is an ERC-20 utility and governance token used within the APE ecosystem. The founding roots of ApeCoin lie in the NFT series Bored Ape Yacht Club (BAYC), a creation by Web3 company Yuga Labs. 

Enjoying viral success and arguably one of the most successful NFT collections to date, the 10,000 unique BAYC cartoon drawings earned cult status when their prices soared and big celebrities started buying them. To date, the most expensive BAYC NFT sold for a staggering $3.4 million.

ApeCoin, the fungible token, and a number of products and services make up the ApeCoin ecosystem. The coin is governed by the ApeCoin DAO, of which all token holders are eligible to become members. The ApeCoin DAO makes decisions on matters such as governance rules, partnerships, projects, Ecosystem Fund allocations, and more. The Ecosystem Fund supports community-driven initiatives and was allocated 62% of the ApeCoin supply when launched. 

In April 2022, Yuga Labs started minting virtual land in their Otherside metaverse, using ApeCoin for payment. ApeCoin is used to facilitate all transactions taking place in this virtual world.

Who created ApeCoin?

ApeCoin was created by Yuga Labs, inspired by the Bored Ape Yacht Club project. Supported by the Ape Foundation, ApeCoin is governed by the ApeCoin DAO which creates a framework for permissionless governance processes. These decentralized authoritative frameworks are designed to create a fair and inclusive ecosystem in which the coin can flourish. 

Within the Ape Foundation is an administrative council known as the "Board" which is responsible for implementing the decisions made by the ApeCoin DAO members. This Board is voted in by the ApeCoin DAO members on an annual basis and is not controlled by Yuga Labs. 

How does ApeCoin work?

ApeCoin grants holders access to exclusive games and services within the Ape Ecosystem and can be used for transaction purposes on the Otherside metaverse. It also acts as a tool in which third-party developers can tap into the Ape Ecosystem by incorporating APE into their own projects, games, and services. 

Animoca Brands, for instance, created a play-to-earn (P2E) game called Benji Bananas that utilizes ApeCoin, incentivizing and rewarding players with APE. 

From a governance perspective, holders of APE can become members of the ApeCoin DAO which vote on decisions impacting the ecosystem's functioning and growth. This might include anything from which partnerships the ecosystem should pursue to how funds are allocated. These decisions are then implemented by the ApeCoin Foundation, the 5-member Board acting as the DAO's legal representative. 

What are APE tokens?

ApeCoin (APE) is an ERC-20 token compatible with the Ethereum blockchain and any supported wallet. The coin was launched in March 2022, with all 1 billion tokens minted at once. When minted, 62% of the coins were allocated to the Ecosystem Fund which are then allocated to community-based projects based on Ape DAO decisions. 30.25% were released into circulation for the community to engage with. 

How can I buy the APE token?

If you’d like to become an ApeCoin holder or incorporate APE into your investment portfolio you can do so easily with the Tap mobile app. Through your account, you can gain access to the APE market using a range of supported crypto and fiat currencies. 

When loading your account with fiat, all bank transfers are free, and once you have a positive balance, users can use the funds to pay bills both within and outside of the crypto service ecosystem directly from the app. Buy, sell, store and trade APE from the secure location of your Tap app. 

We are delighted to announce the listing and support of Quant (QNT) on Tap!

QNT is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold QNT for any of the other asset supported on the platform without any pair boundaries. Tap is pair agnostic, meaning you can trade any asset for any other asset without having to worries if a "trading pair" is available.

We believe supporting QNT will provide value to our users. We are looking forward to continue supporting new crypto projects with the aim of providing access to financial power and freedom for all.

The Quant Network was designed to connect blockchains and networks on a global scale, prioritising interoperability and trust functions between them using the Overledger operating system, the first OS built for blockchains. The Quant protocol was designed to remove barriers commonly encountered on blockchains in communication, interoperability and scaling.

QNT is an ERC-20 token from the Quant blockchain that provides digital access to a particular application or service and is used to access the Overledger network and validate transactions on the network.

All product users, developers, and gateway operators are required to purchase annual licences, used to maintain platform efficiency. These licence fees are converted to QNT and locked up in the Quant treasury. If a user does not renew their licence, they forfeit their fees, discouraging them from dumping tokens on the market if the price increases.

Get to know more about Quant  (QNT) in our dedicated article here.

We are delighted to announce the listing and support of Dai (DAI) on Tap!

DAI is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold DAI for any of the other asset supported on the platform without any pair boundaries. Tap is pair agnostic, meaning you can trade any asset for any other asset without having to worries if a "trading pair" is available.

We believe supporting DAI will provide value to our users. We are looking forward to continue supporting new crypto projects with the aim of providing access to financial power and freedom for all.

Launched in 2017, DAI is an algorithmic stablecoin issued by MakerDAO.  This stablecoin cryptocurrency is aiming to maintain a soft peg with the United States dollar. This goal is achieved through the use of smart contracts which incentivize participants to perform essential maintenance and governance functions.

Due to the coin’s soft peg to the US dollar, the DAI stablecoin not only provides a stable long-term store of value but also a strong medium of exchange.

Get to learn more about DAI in our dedicated article here.

The Graph is making the process of interacting with blockchains much simpler by streamlining the building of new apps and the process of tracking valuable data, powering the growth of DeFi and Web3 platforms. The platform allows developers to provide improved user experience across the board, as opposed to having to create custom back-end infrastructure for each application.

The Graph indexes blockchain data in a unique and decentralized way which allows for the seamless querying and retrieving of data that is easily accessible and can be adopted by many. The platform's contribution to the global DeFi and Web3 infrastructure will be felt in years to come.

What is The Graph?

The Graph is a unique decentralized protocol that utilizes DLT (decentralized ledger technology) and the powerful GraphQL programming language to enable blockchain data collection without relying on third parties. The cutting-edge technology makes it simpler than ever before to index, organize, and query blockchain data information with remarkable accuracy and speed.

The Graph provides indexing and querying services that are compatible with networks like Ethereum, IPFS and PAO, with more to come in the future. The infrastructure can then organize data through the hosted service and implement automated workflow processes through open APIs, called subgraphs in The Graph ecosystem.

This indexing protocol resolves the issue of querying data security, chain reorganization, and other related matters with the subgraphs.

The launch of The Graph mainnet marked a milestone in creating entirely decentralized applications compatible with an expansive network of service providers. With these open, public subgraphs, developers can now build thousands of dapps on the network, with hundreds already hosted by The Graph mainnet. This allows for secure blockchain data access making the world far more connected than ever before.

The Graph (GRT) successfully raised $12 million from a public token sale and an additional $7.5 million from a private round funded by Coinbase Ventures, Digital Currency Group, and Framework Ventures including Multicoin Capital's investment of $2.5 million.

How is The Graph network secured?

The Graph mainnet is powered by nodes, while indexers, curators, delegators, and consumers use GRT tokens to ensure the integrity of the data secured within the network. GRT is The Graph network's native cryptocurrency which helps to assign resources within its ecosystem. All network participants are required to stake GRT in order to perform their roles, and in return can earn fees from the network.

The Graph Foundation offers the network participants coordination and support while steering and growing the ecosystem. The foundation is financially and legally accountable to The Graph Council, which oversees governance decisions.

Who created The Graph platform?

Driven by his firsthand experience of how hard it is to create new dapps on Ethereum, Yaniv Tal joined forces with Brandon Ramirez and Jannis Pohlmann in 2018 to form The Graph team. The Graph aims were to design the world's first decentralized indexing and querying application that could make Web3 and dapp creation accessible to anyone. This vision included the ability to build immutable APIs with the GraphQP query language. 

The three co-founders previously launched a developer tools startup together sharing a common interest in optimizing API stacks. All with engineering backgrounds, Yaniv Tal acts as project lead, Brandon Ramirez is the research lead and Jannis Pohlmann the tech lead.

The Graph launched on December 17, 2020.

How does The Graph protocol work?

By leveraging the Graph Protocol, developers and users can open APIs to build subgraphs for a variety of applications. In April 2021 alone, The Graph’s hosted service managed 20 billion queries - further demonstrating its power in data indexing, querying data, and its collection of data.

The Graph node sustains the whole system, scanning through the blockchain database to organize and index data. The platform's structure is centered around delegators, indexes, curators, and consumers, who use GRT tokens to participate in the network. 

Indexers - Graph node operators

With staked GRT, indexers can provide querying and indexing services to the network, earning query fees and rewards for their efforts. They are also responsible for running node software providing a vital part of The Graph ecosystem that grants access to data stored on Ethereum or other supported networks at lightning speed. Indexers are the most technical positions within the ecosystem.

Curators - identity blockchain data sources

Curators are responsible for developing subgraphs (open APIs are called subgraphs on the network) and signaling to indexers which ones should be indexed by the network. They also identify the most reliable data sources using their knowledge of the blockchain ecosystem, consumers and apps.

To incentivize the quality of their data sourcing, curators are required to deposit GRT into a bonding curve on specific existing subgraphs, earning a portion of the query fees for the subgraphs they signal on. The earlier a curator signals on a subgraph the higher the share of query fees they earn, dependent on the amount of GRT deposited. 

Curators are semi-technical positions within the ecosystem as they require an understanding of open data. As an example, say a new DeFi subgraph appears and a curator thinks it looks promising. They can signal on the subgraph so that indexers recognize its potential and make it discoverable for dapp developers. In return, curators receive a portion of query fees for being among the first to spot it.

Delegators - securing the network

Delegators are non-technical contributors to the network and are responsible for securing the network without running a node. They select indexers based on performance metrics and delegate GRT to indexers via the Graph Explorer dapp, earning a portion of the query fees and indexing rewards in return. 

Consumers - end-users

Consumers are the end-users of The Graph and are the ones who query subgraphs and pay fees to indexers, curators, and delegators for their services. These query fees are paid through gateways or wallets that are built on top of the open-source contracts on the network. 

What is GRT on The Graph network?

The Graph (GRT) is an ERC-20 token and the native token to The Graph network. The coin is integral to the reward system created to benefit indexers, curators, and delegators, which incentives them to improve the market and network operations. 

Delegators can delegate their GRT holdings to Indexers, who use locked GRT to power the nodes on The Graph network. Curators receive a reward in the form of GRT for providing curation services and consumers pay using GRT to access indexing services. Additionally, unlocking dapps available through The Graph network as well as interoperable networks is done by using GRT tokens. 

Participants of the network earn money by receiving The Graph GRT tokens, which have a market value when traded on the cryptocurrency market.

10 billion GRT were created when the project launched, with an annual issuance rate of 3% for indexing rewards. The platform then burns the withdrawal tax that curators are charged as well as 1% of the total query fees. All issuance formalities are subject to future technical governance. At the time of writing, the current circulating supply of GRT was 6,9 billion. 

How can I buy The Graph (GRT) tokens?

It's now easier than ever to add GRT to your crypto portfolios with the convenient Tap app. The mobile app has recently introduced The Graph among the list of its supported currencies, enabling anyone to effortlessly and safely access this crypto market anytime. Get ready for a whole new level of trading experience.

GRT can be acquired with both cryptocurrency and fiat currency, or users may prefer to turn to more traditional payment solutions like bank transfers. The wallets integrated into the platform make it easy for customers to organize and manage their GRT tokens safely.

While this is an outline of the project we encourage all users to conduct their own research before investing in an cryptocurrencies or investments in the global economy.