Enjin (ENJ)
Unlock Schedule
Enjin (ENJ) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Enjin (ENJ) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence ENJ price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Core roles of ENJ
ENJ is the network’s fuel and governance asset. It pays transaction fees and storage deposits, is staked to secure the chain, and is used for on‑chain voting and proposal creation. Crucially, ENJ can be infused into NFTs and multi‑unit tokens, locking a reserve value into every item and enabling a melt‑back to ENJ later. Stakers receive a staking derivative (sENJ) representing bonded positions. A testnet variant (cENJ) exists for development and experimentation. (docs.enjin.io)
Supply, migration, and governance incentives
At mainnet launch on September 13, 2023, the initial native supply was 1.75 billion ENJ. Of this, 1 billion ENJ was allocated for swapping ERC‑20 ENJ 1:1, 500 million ENJ for swapping Efinity (EFI) at 4:1, and 250 million ENJ for early governance rewards. The “triple migration” consolidated ERC‑20 ENJ, native EFI, and ecosystem assets onto Enjin Blockchain, with claim tooling available and no announced closing date for claims. This design anchored both security (through staking) and community participation (through governance rewards) during the network’s early phase. (enjin.io)
Economic behaviors on-chain
- Gas and storage: Users pay ENJ for transactions and minimal storage deposits, including small “token account” deposits when holding new asset types. Projects can cover fees for users via Fuel Tanks. (docs.enjin.io)
- Minting and scarcity: When creating a token with infusion, the same ENJ amount must be locked for each new unit, reinforcing scarcity. Melting returns the infused ENJ to the holder, binding the item’s lifecycle to ENJ economics. (docs.enjin.io)
- Governance and staking: ENJ holders nominate validators and help steer protocol changes. Staking uses NPoS mechanics common to Substrate‑based chains. (enjin.io)
Assumptions
- ENJ supply on Enjin Blockchain is inflationary (~4.8927482%/year) and thus uncapped; total_supply left null.
Project’s official post specifies an ongoing inflation rate for mainnet ENJ issued per era.
- Public crowdsale presumed fully allocated (400M) at sale end for modeling.
Whitepaper shows 400M intended for crowdsale and indicates any unsold tokens would move to marketing pool after a 6‑month lock; no primary source quantifies unsold remainder.
- Team & Advisors (2017) modeled entirely on team vesting cadence.
Whitepaper provides vest terms but no split between team and advisors; to satisfy exact tokens per unlock, full 100M is scheduled per the team’s 6‑month cliff + quarterly tranches.
- EFI Ecosystem pool split as 3% treasury cliff + 36‑month linear remainder; mapped 4 EFI : 1 ENJ.
EFI docs indicate 3% to treasury at genesis, rest over 3 years; Enjin’s 2023 token supply update states pools retained original vesting and confirms monthly amount and May 2024 completion.
- EFI Team pool modeled as 12‑month cliff (Aug 2021) then 36‑month linear to July 2025.
EFI whitepaper indicates 1‑year cliff and 3‑year vest; Enjin’s supply update states full unlock by July 2025; monthly figure shown there differs slightly, so 36‑month linear chosen for exact total alignment.
- PoS rewards after May 31, 2024 estimated using stated annual inflation rate applied to an approximate supply base.
Only explicit on-chain minted amount published through May 31, 2024 (58.7M); later emissions modeled to current date for completeness and marked lower confidence.
- 1. https://cdn.enjin.io/downloads/whitepapers/enjin-coin/en.pdf
- 2. https://enjin.io/blog/token-supply-update
- 3. https://enjin.io/blog/enjin-governance-and-250m-enj-early-governance-rewards-pool
- 4. https://support.enjin.io/hc/en-gb/articles/13238851058194-The-Enjin-Early-Governance-Reward-Program
- 5. https://enjin.io/blog/june-2024-token-supply-update
- 6. https://enjin.io/blog/tokenomics-clarification
- 7. https://enjin.io/whitepaper
- 8. https://enjin.io/blog/welcome-enjin-blockchain
- 9. https://docs.enjin.io/enjin-products/enjin-coin