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  • Tokens

    • Enjin (ENJ)

    4/19/2026 04:00 UTC

    $0.058

    % Today
    -0.48%
    Large Price Change: +78.71% in 7 days.

    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.

    Allocations

    Presale (2017)
    0.00%
    Percentage of total token supply
    90%
    How certain we are about this information
    400,000,000 tokens
    Cliff: Oct 31, 2017 — NaN% of allocation
    Presale tokens became transferable at the end of the main token sale.
    Public Crowdsale (2017)
    0.00%
    Percentage of total token supply
    75%
    How certain we are about this information
    400,000,000 tokens
    Cliff: Oct 31, 2017 — NaN% of allocation
    Crowdsale tokens were released when the sale ended. Whitepaper states 400M intended for crowdsale; any unsold would later move to marketing pool after 6 months.
    Company Reserve — Community, Marketing, Partners (2017)
    0.00%
    Percentage of total token supply
    70%
    How certain we are about this information
    100,000,000 tokens
    Cliff: Oct 31, 2017 — NaN% of allocation
    Reserved by the company to incentivize community, beta testers, marketing, and strategic partners. Whitepaper specifies no extra lock beyond crowdsale end; any unsold crowdsale tokens (if any) would be added after a 6-month lock.
    Team & Advisors (2017)
    0.00%
    Percentage of total token supply
    85%
    How certain we are about this information
    100,000,000 tokens
    Cliff: Apr 30, 2018 — NaN% of allocation
    Team vesting: 6‑month cliff after token sale, then 25% unlock.
    Cliff: Jul 31, 2018 — NaN% of allocation
    Team vesting: subsequent 12.5% tranches every 3 months.
    Cliff: Oct 31, 2018 — NaN% of allocation
    Team vesting tranche.
    Cliff: Jan 31, 2019 — NaN% of allocation
    Team vesting tranche.
    Cliff: Apr 30, 2019 — NaN% of allocation
    Team vesting tranche.
    Cliff: Jul 31, 2019 — NaN% of allocation
    Final team vesting tranche. Advisor tokens had a 2‑month lock after the sale; due to no disclosed split between team and advisors in primary sources, this allocation models the full 100M on the team schedule; see assumptions.
    EFI Ecosystem Pool (migrated to ENJ)
    0.00%
    Percentage of total token supply
    80%
    How certain we are about this information
    175,000,000 tokens
    Cliff: Jun 1, 2021 — NaN% of allocation
    3% of EFI total supply allocated to Treasury at genesis; mapped 4 EFI : 1 ENJ during migration.
    Linear vesting: Jun 1, 2021 - May 31, 2024 (monthly)
    Remainder unlocked monthly over ~3 years; Enjin blog notes ~4,444,444.445 ENJ/month and full unlock by May 2024.
    EFI Company Pool (migrated to ENJ)
    0.00%
    Percentage of total token supply
    85%
    How certain we are about this information
    100,000,000 tokens
    Linear vesting: Jun 1, 2021 - May 31, 2026 (monthly)
    Monthly vesting over 5 years; Enjin blog gives ~1,666,666.667 ENJ/month and full unlock by May 2026.
    EFI Team Pool (migrated to ENJ)
    0.00%
    Percentage of total token supply
    80%
    How certain we are about this information
    50,000,000 tokens
    Linear vesting: Aug 1, 2022 - Jul 31, 2025 (monthly)
    EFI team: 1‑year cliff from Aug 2021 then 3‑year monthly vest. Enjin blog notes full unlock by July 2025; monthly figure shown there (~1,041,666.667 ENJ) implies ~48 months; we model 36 months post‑cliff as per EFI docs; see assumptions.
    EFI Staking Pool (migrated to ENJ)
    0.00%
    Percentage of total token supply
    80%
    How certain we are about this information
    75,000,000 tokens
    Linear vesting: Jun 1, 2021 - May 31, 2031 (monthly)
    Original EFI staking & pools allocation distributed over ~8–10 years; retained after migration to ENJ. Enjin blog notes full unlock by May 2031.
    Early Governance Rewards (Enjin Blockchain)
    0.00%
    Percentage of total token supply
    95%
    How certain we are about this information
    250,000,000 tokens
    Cliff: Jan 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Feb 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Mar 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Apr 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: May 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Jun 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Jul 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Aug 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Sep 15, 2024 — NaN% of allocation
    1/10 tranche
    Cliff: Oct 15, 2024 — NaN% of allocation
    Final 1/10 tranche; program concluded Oct 2024 (distribution block-based ~every 30 eras).
    PoS Validator Rewards (Enjin Blockchain Inflation)
    0.00%
    Percentage of total token supply
    65%
    How certain we are about this information
    210,600,000 tokens
    Linear vesting: Sep 13, 2023 - May 31, 2024 (monthly)
    Actual minted ENJ distributed to validators/nominators from Enjin Blockchain launch through May 31, 2024 as reported by the project.
    Linear vesting: Jun 1, 2024 - Feb 7, 2026 (monthly)
    Modeled at current 4.8927482% annual inflation on an estimated May 31, 2024 base; daily emissions aggregated to monthly for charting. Forward-looking estimate to current date.
    Last Updated: 2/7/2026 00:49 UTC

    Description

    #259

    Enjin Enjin is a leading blockchain ecosystem dedicated to revolutionizing the gaming industry by integrating blockchain technology into games, applications, and businesses.

    Sector: NFT
    Blockchain: Ethereum
    2017
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