Enjin Wallet Update: World’s First Multi-Swap Support ft. Kyber, Changelly & Bancor
Use the Enjin Wallet to seamlessly convert nearly 200 tokens from thousands of available trading pairs, including ENJ, BTC, ETH & LTC—thanks to the world’s first native, decentralized multi-swap wallet integration featuring Kyber, Changelly & Bancor.
We’re delighted to announce a long-awaited and highly-requested update for the Enjin Wallet: direct, native integration of not one, but three leading conversion platforms.
The update also brings new EnjinX-powered features, with hashes and addresses now linked to EnjinX and an explorer link in the main menu.
Update Summary
🌌 First wallet to support multiple in-app token swap platforms
🌀 Swap ENJ, BTC, ETH, LTC & ERC-20 tokens via Changelly
🌀 Swap ENJ, ETH & ERC-20 tokens via Bancor and Kyber
💡 Easily select the best exchange rate
📃 View detailed exchange log
🔍 EnjinX link in the main menu
🔗 Hashes and addresses now linked to EnjinX
In a word I was a pioneer, and therefore had to blaze my own trail.
— Major Taylor
We have a sort of peculiar philosophy at Enjin.
We believe that if something is not NEW and BIG, it’s not worth doing.
Every single breakthrough we’ve made has been both — from developing the world’s most secure mobile cryptocurrency wallet and forging a pioneering token standard, to kickstarting the first gaming multiverse, creating the fastest way to receive cryptocurrencies & blockchain items, and launching the first universal blockchain explorer.
We are a company of firsts.
A jolly tribe that roams the digital wilderness, exploring new, unusual lands and crafting tools that no one has built before.
If you’re familiar with our history, you know that we’re laser-focused on relentlessly polishing the quality and usability of our products.
So, it should come as no surprise that we’ve integrated not one, but three conversion platforms with the Enjin Wallet: Kyber, Changelly, and Bancor.
Kyber Network
Kyber is an Ethereum-based token swap protocol that allows for the instantaneous exchange and conversion of digital assets in a decentralized, trustless manner.
With its core mission to enable seamless exchanges on any device or platform, from cryptocurrency wallets to websites and apps, Kyber allows entrepreneurs and organizations to accept a wide range of cryptocurrencies while receiving their currency of choice. Their Developer Portal includes an elegantly documented trading API that we’ve used to integrate Kyber with the Enjin Wallet.
“Cryptocurrency wallets like Enjin are an important gateway for people who are new to blockchain and cryptocurrencies, and this is one area Kyber has supported from the start. This successful integration with Enjin is a testament to how Kyber allows decentralized token swaps to be embedded into any wallet and Dapp for a seamless user experience.”
— Loi Luu, CEO of Kyber Network
Powered by Kyber Network’s on-chain protocol, Enjin Wallet users will be able to exchange ETH and supported ERC-20 tokens instantaneously.
Kyber Network does not maintain a global order book — instead, it maintains a reserve, which houses a certain amount of digital assets for the purposes of maintaining exchange liquidity.
This reserve is under the control of the Kyber smart contract. The contract can also determine the conversion rate for each digital asset pair by looking to all other reserves on the network. The conversion rate for digital assets is regularly updated by reserve managers, with the Kyber smart contract using the most favorable rate for users when executing an exchange.
Changelly
Changelly was the 17th exchange to list Enjin Coin — and the first to announce integration into the Enjin Wallet.
Thanks to the Changelly wallet integration, Enjin Wallet users are now able to easily exchange ENJ, BTC, ETH, LTC, and ERC-20 tokens.
“Changelly is an A+ exchange. As an advocate for user-focused services myself, I can truly appreciate the intuitive user experience they’ve crafted.
The brutal security of the Enjin Smart Wallet, paired with the seamless integration of Changelly’s exchange, will make for the safest and easiest holding and trading experience possible.”
— Maxim Blagov, Enjin CEO
Operating since 2015, Changelly is a non-custodial, instant cryptocurrency exchange that acts as an intermediary between exchanges and users, offering access to 130+ cryptocurrencies.
Changelly’s fee model is straightforward: they charge a flat-fee rate of 0.5 percent on every trade they facilitate. This fee remains the same across all the cryptocurrencies Changelly has liquidity for.
“Blockchain gaming is yet a powerful, moving force of the whole crypto industry. That’s why we at Changelly are genuinely excited to join our forces with Enjin and to provide their game wallet with a seamless crypto-to-crypto exchange option. I truly hope that it is only the beginning of a long-term and mutually fruitful cooperation.”
— Ilya Bere, CEO of Changelly
Changelly’s automated system is interesting in that it aggregates the prices of digital assets from different exchanges (i.e., Binance, Poloniex, Bittrex) and then lists the average as the going rate for traders on the platform.
To learn more about the process, see this article.
Bancor Network
We partnered with Bancor over a year ago in order to use Smart Tokens across the Enjin ecosystem.
Now, we are continuing this cooperation to integrate Bancor’s token conversion service with the Enjin Wallet and enable simple in-app trading of Ethereum and hundreds of supported ERC-20 tokens.
Bancor is the first decentralized service which allows users to directly transfer value across multiple blockchains with no intermediary. With Bancor, every transaction is executed directly against a smart contract, so converting a cryptocurrency does not require matching two parties in real-time with opposite wants; rather, it can be completed by a single party directly through the token’s smart contract.
Users of Bancor remain in full control of their funds and private keys at all times, and Bancor charges no fees for token conversions, which occur instantly and fully on-chain — from pricing to execution — ensuring maximum transparency and safety.
“Enjin is a pioneer in the blockchain gaming space, and we are thrilled to see the Bancor experience integrated within the Enjin Wallet. Enjin users can now perform instant, on-chain conversions between 8700+ live token pairs on the Bancor Network without ever having to leave the wallet.”
— Eyal Hertzog, Bancor Co-founder & Product Architect
On the Bancor Network, tokens are always available for purchase regardless of trade volume. This is possible through Bancor’s automated pricing mechanism which increases a token’s price and supply each time it is purchased.
The price for both selling and purchasing tokens is the same due to the algorithmic price calculation of the Bancor Formula. Bancor does not have an order book. All prices are calculated using a formula, so price slippage for every transaction is known ahead of time.
EnjinX Meets the Enjin Wallet
We recently released EnjinX — an ad-free, user-friendly Ethereum blockchain explorer.
The EnjinX API has powered the Enjin Wallet from the very beginning. Now, we’ve brought these two products even closer together.
Enjin Wallet hashes and addresses are now linked to EnjinX, making it easier to learn and understand more about the blockchain data you care about.
The Enjin Wallet main menu has been updated as well and now features a direct link to EnjinX — which is carefully optimized for mobile devices, so you can easily check out blockchain transactions, coins, addresses, and other data on your phone.
We believe the Enjin Wallet’s superior features — speed, security, and usability — will result in it becoming the default cryptocurrency wallet for blockchain gamers and investors alike.
Don’t believe us?
Check it out and see for yourself.
PS: Sign up below if you’d like to be among the first to know when we roll out the next Enjin Wallet update.
