//Enjin And Arena Match

Enjin And Arena Match

Within Arena Match platform is many perks, and every perk item created is backed by ENJ for a few important reasons such as;Guaranteed Value: The perks or Items backed by ENJ have a guaranteed base value, therefore supporters will know they can retrieve the Enjin Coin from within their items which can take place any time by using the “Melt” feature within the Enjin Wallet. This then increases confidence in the assets and faith in the projects offering them.Increasing Scarcity of Items: With blockchain, assets will be often valued based on scarcity. Therefore, as existing assets are melted, scarcity will increase over time, in the long run, lowering the supply of assets and increasing their demand.Tangibility: The ERC-1155 tokens are backed by ENJ thereby having more tangibility than basic ERC-20 token because they are created and backed with something of value and can be destroyed again at any time, thus can be seen as two core properties of any physical item.Certificate of Authenticity: The ENJ which is stored within assets will prove their provenance while certifying their compatibility with the Enjin ecosystem. This is also powered by Arena Match robust suite of smart contracts, the most advanced digital asset wallet, EnjinX blockchain explorer as well as Efinity scaling network. Furthermore, digital assets backed by Enjin Coin are top-of-the-line and will also come with Enjin’s promise of quality.Website: https://arenamatch.com/Whitepaper: https://arenamatch.com/whitepaperBounty0x Username: Chuky

Within Arena Match platform is many perks, and every perk item created is backed by ENJ for a few important reasons such as;

  1. Guaranteed Value: The perks or Items backed by ENJ have a guaranteed base value, therefore supporters will know they can retrieve the Enjin Coin from within their items which can take place any time by using the “Melt” feature within the Enjin Wallet. This then increases confidence in the assets and faith in the projects offering them.

  2. Increasing Scarcity of Items: With blockchain, assets will be often valued based on scarcity. Therefore, as existing assets are melted, scarcity will increase over time, in the long run, lowering the supply of assets and increasing their demand.

  3. Tangibility: The ERC-1155 tokens are backed by ENJ thereby having more tangibility than basic ERC-20 token because they are created and backed with something of value and can be destroyed again at any time, thus can be seen as two core properties of any physical item.

  4. Certificate of Authenticity: The ENJ which is stored within assets will prove their provenance while certifying their compatibility with the Enjin ecosystem. This is also powered by Arena Match robust suite of smart contracts, the most advanced digital asset wallet, EnjinX blockchain explorer as well as Efinity scaling network. Furthermore, digital assets backed by Enjin Coin are top-of-the-line and will also come with Enjin’s promise of quality.

Website: https://arenamatch.com/

Whitepaper: https://arenamatch.com/whitepaper

Bounty0x Username: Chuky