Why You Should Hodl an Enjin MFT

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enjin mft multiverse founder's token

Overview

  • Holding an Enjin MFT (Multiverse Founders Token) is like having an “NFT dividend”
  • Scarce & surprise airdrops are made which can then be held, sold, or used in some way
  • Rewards can themselves go up in value or be melted into Enjin Coin
  • Enjin MFTs will eventually be locked to certain Ethereum addresses. The time to get one is NOW
  • The token is fungible, but the rewards are often non-fungible

Most people hold cryptocurrencies or stocks hoping they eventually increase in value.

Some of the best stocks offer dividends which further increase the “rewards” you get for making a good bet.

In the world of crypto, some gaming projects offer what’s known as an MFT or “multiverse founder’s token.”

Think of it as a special item sent to very early adopters which has the potential to reward them for the life of the project (which could end up being years)!

Why Enjin?

At the time of this writing, Enjin is clearly leading the way in blockchain gaming innovation and project adoption.

Right now, they are the only platform to offer this sort of founder’s token model.

Enjin games such as Forgotten Artifacts or The Six Dragons also offer their own MFT, but they apply only to these specific games.

This means you would only get free airdrops that can be used in the corresponding game. They can of course be sold or melted, but the point is that you’re betting on one game at a time.

Enjin, being the “parent” to all of the games, makes it the ideal choice as the MFT to secure long term.

How to Get an Enjin MFT

As of right now, all Enjin MFTs have been distributed, which means they can no longer be obtained through random giveaways, airdrops, or other no-cost methods.

This means that you will need to buy one from another holder.

At some point, all Enjin MFTs will be LOCKED to the corresponding Ethereum address, so eventually you will NOT be able to buy one or transfer one.

This means that time is relatively short. You either get one now or you may never have another chance.

If Enjin goes on to become create massively popular gaming community that gains worldwide mass adoption, the ongoing rewards could be quite lucrative.

In the current market, an Enjin MFT will go for about 2,700 – 3,500 ENJ.

This equals approximately $405 – $525.

If there is an announcement that MFTs will be locked to the owners address within a few weeks, the price will undoubtedly shoot up, possibly causing massive FOMO for this particular token.

Do I need to register my Enjin MFT?

As of this time, you no longer need to register Enjin MFT tokens.

Telegram Channels For Trading

ERC-1155 Collectible Trading

Trade Enjin

Enjin Auction House

Token Value & Supply

  • ENJ Value – 20 ENJ
  • ENJ Per Item – 20
  • Type – Collapsible Fungible Token
  • Melt Fee – None
  • Transfer Fee – None
  • Total Supply – 785
  • Circulating Supply – 785
  • Hodlers – 775
  • Standard – ERC-1155 (Enjin)

View on EnjinX

Airdrops

The first MFT airdrop was delivered on June 10th, 2019.

It was an EnjinCraft Access Code which can be used to access the EnjinCraft demo server.

enjin craft access code

Clicking the “reveal code” button allows the holder to get an access code that can whitelist their Minecraft account on the EnjinCraft Server.

These tokens can be transferred or sold!

Why You Should Get One and Hodl

  • The token itself is worth 20 ENJ. If you really wanted to you could actually melt it if the price of ENJ mooned, however this would be unwise. But it has a base level value.
  • There is no telling how many rewards or scarce items you could get in the future. The value of these items could easily surpass your initial investment.
  • FOMO – people want what they can’t get. Depending on the market you could make a ton by selling rare items.
  • Flip – you could even hold one temporarily until the locking period, and then sell. Prices at this time are likely to be high.

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