⚖️Currency Market
Gems and Enjinite are the premium in game currencies used for block chain operations and premium content access in game. They are used for the following activities...
Gems
Minting items into NFT's using the Etherforge
Crafting premium content keys for Heroic Quests and The Arena.
Purchasing NFT account upgrades from the Luxury Merchant
Resetting a character's skill tree
Boosting a character's level
Rewards for Arena and Heroic Chests (may change to Enjinite)
Tracks the value of USD
Enjinite
In-game market for virtual items
In-game drops from enemies (pending gov proposal 9)
Tracks teh value of ENJ
Bound vs Unbound
There are two variations of each premium currency which are described below. The purpose of separating out Bound from Unbound currencies is to prevent gold farmers from reducing their value on the market.
Unbound
Unbound currency can be obtained by purchasing at the market or by winning them from heroic caches or the arena.
Unbound currency can be used for all cases in game and can also be traded back to ENJ on the market.
Bound
Bound currency can be earned from the daily and weekly achievements as well as heroic caches, arena and enemy drops.
Bound currency cannot be exchanged back to ENJ directly.
Buying and Selling Currency
You can buy and sell currency by going to the Marketplace and selecting the "exchange" button in the top right corner.
Gems are targeted at $1 USD = 100 gems. The current spot price of ENJ is read by the server in order to determine the current conversion ratio from ENJ to gems. When selling gems to convert them back to ENJ there is a 10% charge.
Enjinite is targeted at 1 ENJ = 100 Enjinite. When converting Enjinite to ENJ there is a fixed 10 Enjinite fee (.1 ENJ).
Wallet Connect Process
To purchase gems using ENJ from your private wallet it is necessary to run a transaction on your behalf. In order to do this, we use Wallet Connect. When you click the buy button, it will kick off the process. The transaction window will come with a QR code for you to scan. Scan this QR code using the Enjin Wallet app. After you scan it, you will get a prompt to accept that looks like the following...
After you accept the Wallet Connect session you will then receive a prompt to approve the transaction which looks like this...
After confirming the prompt, the transaction will be submitted to the chain. After the transaction is confirmed on-chain your gems will be sent to your account via the in-game mail system.
There is a known issue with the Enjin Wallet integration with Wallet Connect that can cause the prompts not to show. If that happens to you, hard restart the Enjin Wallet. When you open the app again the prompts should appear.
Legal
You find the legal disclosure about premium currencies here.
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