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. 

We are delighted to announce the listing and support of Ankr (ANKR) on Tap!

ANKR is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold ANKR 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 ANKR 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.

Ankr is playing an integral role in the adoption of Web3, providing growth and development opportunities for network stakers, app developers, and other participants in the DeFi space.

Ankr is a decentralized Web3 infrastructure provider that facilitates the swift and effortless connection between developers, dapps, stakers, and blockchains. With Ankr's APIs & RPCs you can quickly build blockchain-based applications with confidence, stake on Ankr Earn as well as access custom solutions for any blockchain enterprise needs.

ANKR is Ankr's native cryptocurrency fueling the platform and is used as a payment method within the ecosystem.

Get to know more about Ankr (ANKR) in our dedicated article here.

Ankr is playing an integral role in the adoption of Web3, providing growth and development opportunities for network stakers, app developers, and other participants in the DeFi space. 

Ankr is leading the way in making it easier for users to interact with multiple blockchains. Streamlined and simple, Ankr simplifies complex tasks so that you can access multi-blockchain technologies quickly and securely.

What is Ankr (ANKR)?

Ankr is a decentralized Web3 infrastructure provider that facilitates the swift and effortless connection between developers, dapps, stakers, and blockchains. With Ankr's APIs & RPCs you can quickly build blockchain-based applications with confidence, stake on Ankr Earn as well as access custom solutions for any blockchain enterprise needs.

Ankr simplifies the process of setting up and participating in Proof of Stake (PoS) blockchains. It provides various tools and services to help users deploy nodes, stake their PoS tokens, and access decentralized finance (DeFi) applications. The Ankr platform was first launched as a Distributed Cloud Computing Network that leverages idle computing resources. This allowed users to access cloud computing services without relying on a single provider's infrastructure.

Ankr provides a variety of features and tools, such as node hosting, staking pools, analytics, and automated notifications. These services work together to make participating in Web3 easier by providing simple solutions. 

The node creation process is supported across multiple blockchains and in return for the services provided, node operators pay a monthly fee to Ankr. 

ANKR is Ankr's native cryptocurrency fueling the platform and is used as a payment method within the ecosystem. 

Who created the Ankr platform?

Ankr was founded in 2017 by Chandler Song, Ryan Fang and Stanley Wu and officially launched in 2019. Song and Fang were former college roommates while Song worked under Wu, a computer engineer at Amazon Web services, while interning. Together the three founders created Ankr, with a mission to build the most decentralized and scalable Web3 infrastructure possible. Song is currently serving as CEO, Fang as COO, and Wu as CTO.

Following several successful rounds of funding, the team has amassed tens of millions of dollars from big blockchain investors such as Pantera Capital and NEO Global Capital (NGC) as well as several funding rounds. The first token presale raised $15.9 million followed by another token sale which raised $18.7 million in just six days. Once opened to the general public, the platform raised a further $2.75 million. 

How does the Ankr Protocol work?

It is important to note that Ankr is not a blockchain. Instead, it provides specialized tools which are beneficial for builders, stakers, and businesses alike. Its main features can be broken down into these four categories below:

Node infrastructure services

With Ankr's decentralized infrastructure, DeFi platforms, NFT projects, blockchain games and dapps of all kind can receive faster access to blockchains at a more scalable and cost-efficient rate. Hosted by numerous high-performing nodes across the world simultaneously serving requests, these applications are guaranteed optimal performance.

However, setting up a blockchain node requires technical know-how, time, and effort, skills not everyone possesses. Ankr provides a service where it can launch one which can be accessed remotely. This provides the opportunity for users of all skill levels to participate in the validation process on a Proof of Stake blockchain. Additionally, the platform overlooks the performance of the node to ensure that users' funds staked are not punished due to any downtime or dishonesty.

Instant API and RCP access for developers

Developers who are launching smart contracts​ and ​dapps to a blockchain are required to use designated APIs (Application Programming Interfaces). This process typically involves running a node alongside these and spending time synchronizing it to the data on the blockchain. 

To solve this issue, Ankr provides instant API services and RPC (Remote Procedure Call) access to developers. This allows for uninterrupted access to blockchains without having to worry about vying traffic. It also provides access to the whole chain's data, supplying the dapp with all the information it might require and an overall better user experience. 

Custom Blockchain Enterprise Tools

For enterprises in need of custom-made, streamlined solutions for handling multiple blockchain networks, Ankr provides a Web3 Infrastructure-as-a-Service model. Accessible through an easy-to-use monitoring platform, businesses can utilize the platform's API and RPC services making their operations more efficient and cost-effective.

Liquid staking

Ankr provides staking capabilities across multiple chains, offering reward-earning tokens to represent these staked funds. The tokens can then be used to trade or for various DeFi activities such as lending, yield farming, liquidity mining, etc. This allows users to maximize their earning potential while still engaging in staking activities. 

For example, instead of staking the minimum required amount of 32 ETH on Ethereum 2.0, users can stake 0.5 ETH through the Ankr protocol, with these funds automatically being routed to the pools with the highest yield. In return, users will receive aETHb or aETHc tokens, which provide a liquid way in which users can access their staked tokens. 

What is the ANKR token

ANKR is an ERC-20 and BEP-20 token that operates across both the Ethereum and BNB Smart Chain networks. The utility token has a number of functions, as outlined below, and a maximum supply of 10,000,000,000. 

ANKR is primarily a form of payment on the platform but also offers staking functionalities and governance rights. 

How can I buy the Ankr token?

Tap's mobile app makes it effortless for users to acquire ANKR and store it in the integrated wallet with assurance. Not only can you benefit from a convenient place to acquire and store your ANKR token, but also withdraw coins immediately for use on the linked DeFi platform. Tap provides you with not just an easy way to trade digital assets, but also a reliable space where your assets holdings can remain securely stored over extended periods of time.

Unlock the potential of a range of verified cryptocurrencies and fiat wallets by downloading the Tap mobile app.

Convex Finance has been dubbed a "DeFi 2.0 protocol," and is part of the ever-growing subset of second-generation decentralized finance (DeFi) protocols that offer yield farming services to users. Deeply ingrained in the DeFi space, Convex empowers Curve Finance users to further benefit from earning and optimizing yields. 

What is Convex Finance (CVX)?

Convex Finance is a revolutionary DeFi platform that offers enhanced staking rewards and works on top of the Curve Finance network, a decentralized exchange (DEX) liquidity pool designed for the swapping of stablecoins. By focusing on stablecoins, the Curve exchange platform is able to bypass volatility typically associated with the cryptocurrency industry, as well as offer lower trading fees and less slippage.

Curve Finance functions using its native CRV tokens which are earned when users deposit crypto assets into its liquidity pools. Both protocols, Curve and Convex, are built on the Ethereum blockchain. Convex acts as a yield optimizer for both Curve CRV token holders and Curve liquidity providers on the network. 

Convex offers a simple user experience alongside extra advantages such as low-performance fees and zero withdrawal fees, which allows liquidity providers and CRV stakers to earn higher returns. Convex Finance CVX tokens are the platform's native token and are ERC-20-based utility tokens with additional governance incentives.

The Convex Finance protocol offers two ways in which users can optimize their yields: staking and providing liquidity.

• Staking: users can stake CRV tokens on Convex (instead of staking on Curve directly) to receive additional rewards (CVX and a portion of the protocol's earnings). CVX can also be staked on the Convex platform, and in return, users earn a share of Curve liquidity providers' CRV earnings. 
• Liquidity providers: as a reward for providing liquidity on the Curve platform, liquidity providers earn Curve LP tokens. These tokens can be staked on the Convex platform in return for CRV tokens and additional rewards. The more CRV tokens that are staked, the higher the reward distribution. 

CVX token holders can earn governance rights by locking their tokens on the platform for a specific amount of time. 

Who created the Convex Finance platform?

Convex Finance was launched in May 2021 by a pseudonymous founder, C2tp. Little is known about this person or group but it is assumed that they came from a software development background. Despite anonymous founders generally being a red flag for risky investments, Convex has defied this norm and is considered to be one of the most influential and important protocols in the DeFi industry. 

In its first month, Convex Finance recorded $68 million in total value locked (TVL), reaching its peak in January 2022 of $21 billion. TVL refers to the sum of all the crypto assets deposited in a DeFi protocol at any given.

Soon after launching, the Convex platform was whitelisted on the Curve platform. Due to a large number of CRV tokens being deposited on Convex, Curve granted Convex permission to participate in Curve's governance. 

How does Convex Finance work?

The Convex Finance protocol provides users access to liquidity and earning trading fees through Curve's established stablecoin pools. In order to do so, users need to deposit Curve tokens into Curve's liquidity pools and then stake them on Convex. Acting as an intermediary, Convex then auto-harvests these tokens and reimburses liquidity providers with the gained rewards. 

CRV tokens and curve liquidity providers

These rewards can be distributed as either CRV or other tokens such as LDO or SNX. Liquidity providers can also increase their returns by further compounding their earned CVX tokens through the staking mechanism. Both CRV stakers and Curve’s liquidity providers are entitled to Convex liquidity mining rewards. 

Convex Finance CVX tokens were designed to simplify staking on Curve's platform with an added fee-earning nature. When a user deposits CRV into Convex, the platform converts these tokens into veCRV (vote escrowed CRV) and credits the depositor with cvxCRV on a 1:1 ratio. Users can then exchange the cvxCRV tokens for CRV using the Curve liquidity pool and earn higher yields by locking up more CRV. 

When users have deposited a certain amount of CRV tokens into the Convex protocol they receive wrapped cvxCRV tokens. These tokens can be staked for CVX tokens and are entitled to CRV rewards earned through the protocol. These rewards include receiving a part of the CVX token airdrop and a 10% share of the CRV harvested by the vaults. 

By providing users the opportunity to earn staking rewards and trading fees without having to lock in CRV, Convex offers a secondary source of income for tokens users already own through Curve. This is the core reason for Convex's success and growth. 

What are CVX tokens?

Convex Finance CVX tokens are ERC-20-based tokens with both utility and governance functionality. The token is used to receive a share of Convex platform fees and reward CRV stakers.

The token has a maximum supply of 100 million, with 50% of the tokens assigned to rewarding Curve liquidity providers. 25% of the remaining tokens are allocated to liquidity mining distributions over the next four years while 9.7% are held in the platform's treasury.

How can I buy the Convex Finance CVX token?

Tap grants its users the freedom to trade securely while retaining their cryptocurrencies in its integrated wallet or the choice of withdrawing them for use on DeFi platforms. Tap offers a secure space to not only trade digital assets but to store them long term too. 

Unlock the power of Tap's mobile app by creating an account and completing your account verification steps. You'll then enjoy access to a wide array of vetted crypto markets and fiat currencies, from where you can buy or sell Convex Finance CVX tokens in a click. All that stands between you and get started with Tap is getting the app today.

Lido's liquid staking service allows users to tap into the benefits of staking rewards without compromising their tokens' liquidity. Lido aims to empower users to put their staked assets to use, supporting a number of PoS cryptocurrencies. The platform offers a liquid staking solution that provides users with a system that allows them to earn rewards on staked coins while also receiving a tokenized version of the staked coins which can generate returns in other DeFi protocols. 

What is Lido (LDO)?

Lido DAO is an innovative decentralized autonomous organization that offers a liquid staking solution on the Ethereum 2.0 blockchain as well as other Proof of Stake (PoS) platforms like Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Kusama (KSM). 

By initially locking up assets, Lido DAO allows users to liquefy their holdings and use them for other protocols - what we call 'liquid staking'. Through this yield-generating process, users are able to receive a tokenized version of their staked tokens on a 1:1 basis when depositing their crypto tokens into the network, which can then be used to participate in other DeFi on-chain activities to gain additional yields.

Since its establishment in December 2020, shortly after ETH 2.0's release, the platform has been overseen by the Lido DAO, with several key members including P2P Capital, KR1 and Semantic Ventures. 

Since then, Lido DAO has gained an impressive reputation for its liquid staking capabilities, and now boasts over $13 billion in staked assets. Its core focus is on Ethereum, yet its horizons are expanding to other blockchain networks including Terra and Solana, both of which launched staking capabilities in 2021, as well as several other layer 1 PoS blockchains.

Lido DAO stands apart from other liquid staking protocols due to its decentralized nature and attractive annual percentage rates (APR). The platform offers 4.8%, 8.1% and 6.6% APR for staking Ethereum, Terra and Solana respectively.

Who created the Lido DAO platform?

Lido was co-founded by Kasper Rasmussen and Jordan Fish, also known as CryptoCobain. Behind the Lido DAO are a number of individuals and organizations that are well-regarded within the DeFi space. 

Lido DAO members include Semantic VC, Chorus, ParaFi Capital, P2P Capital, Libertus Capital, Terra, StakeFish, Bitscale Capital, StakingFacilities, and KR1. Several of the highly esteemed angel investors include Stani Kulechov of Aave, Banteg of Yearn, Will Harborne of Deversifi, Julien Bouteloup from Stake Capital and Kain Warwick from Synthetix.

How does the Lido Protocol work?

Liquid staking services through the Lido protocol allow users to earn block rewards from staking PoS assets while addressing issues like illiquidity, complexity, and centralization. Lido DAO offers an innovative solution that allows users to gain access to the typically locked-up tokens and lowers the barrier to entry and costs associated with staking requirements.

When staking tokens on the Lido DAO platform, users tap into a staking pool smart contract that stakes the tokens on the relevant PoS blockchain. Users will also receive a digitized version of their deposited funds (stAsset tokens), that can be used to bring in rewards from not just the original protocol but also other DeFi protocols and decentralized applications (dapps), like lending and yield farming. This allows users to maximize their earnings potential.

The staking pool smart contract manages the users' deposits and withdrawals, determines the staking reward fees, delegates funds to node operators, and mints and burns tokens as needed.

How tokens can be used

Let's look at ETH for example. With Lido staking, users are rewarded with 1:1 stETH tokens that represent their deposited ETH. Users can use their stETH balance just like regular ETH to earn staking rewards in real-time, updated on a daily basis. There are no lock-ups or minimum deposits when using Lido.

Lido DAO's liquid staking protocol involves three distinctive processes: staking, minting and DeFi.

Staking

Users can choose any amount of ETH to stake, which is then deposited onto the platform. 

Minting

In return for the staked ETH, Lido issues on a 1:1 ratio minted or Lido-native liquid representatives of ERC-20 coin (stETH). 

DeFi

Users can make use of these stETH tokens across the DeFi ecosystem to earn greater yields bypassing the need to "lock up" staked coins. 

With the Lido DAO platform, users can stake any amount of ETH to the Beacon Chain without having to comply with typical lock-up requirements. For providing this staked ETH service, a 10% fee is collected by Lido for each process.

How validator rewards are earned from staked assets

Validator rewards can be earned through staked PoS tokens on the platform. In order to stake ETH, become a validator and earn rewards for validating payments on the Ethereum platform, users are required to stake a minimum of 32 ETH tokens. To bypass this minimum requirement and still earn rewards, Lido allows users to stake a fraction of this amount and earn a proportionate amount of block rewards.

Users will then deposit ETH into the Lido smart contract and receive the same number of stETH (an ERC-20 token representing the deposited ETH). These tokens are minted once the funds have been received and are burned when the users withdraw their original ETH. The staked funds will then be distributed to the multiple validators (node operators) on the Lido network and deposited into the Ethereum Beacon Chain from where they will be secured in a smart contract (and inaccessible).

The Lido DAO will then assign, onboard, support and enter the validators' addresses to the smart contract registry before being given a set of keys for the validation. All ETH that users have deposited on the Lido platform will be split into groups of 32 ETH among the active Lido node operators who will use this public validation key to validate transactions. The block rewards will then be shared proportionately.

This distribution process of sharing staked assets eliminates single-point-of-failure risks common among single-validator staking. 

What is LDO?

The Lido DAO token (LDO) is an ERC-20 token, the native utility token to the Lido protocol used to reward users. The token has a total supply of 1 billion tokens and serves three primary functions. 

The LDO token grants holders with governance rights in the operations of the Lido DAO, as well as the removal or addition of Lido node operators and helping with the management of fee parameters and distribution. 

The more LDO coins a user holds, the more powerful their vote. 

How can I buy the Lido DAO token and earn staking rewards?

If you're looking to expand your digital currencies portfolio, Lido tokens can be a great addition. The Tap app provides an easy and secure way for anyone with an account to add these tokens to their portfolios in no time, making it one of the most effortless trading experiences around.

Utilize the Tap app to access the Lido ecosystem by purchasing LDO tokens with either crypto or fiat currencies. Users can then choose to store their LDO tokens securely in the integrated crypto wallet or transfer them to the Lido platform and engage in the platform's earning potential. All you need to do to get started is download the app and create an account. 

We are delighted to announce the listing and support of Axie Infinity (AXS) on Tap!

AXS is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold AXS 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 AXS 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.

Built on the Ethereum blockchain platform, Axie Infinity is a video game that uses NFTs to represent unique creatures, abilities, land plots and other in-game assets. Through the game, users can earn Axie Infinity Shards (AXS) and Smooth Love Potions (SLP, formerly Small Love Potions).

AXS are non-fungible tokens based on the ERC-721 Ethereum-based token standard. While used in the game for payments, these tokens also serve as governance tokens, allowing holders to have a say in the development of the project. These digital currencies can also be traded on external exchanges.

Get to know more about Axie Infinity (AXS) in our dedicated article here.