Today’s generation of crypto investors is deeply immersed in the metaverse, so Enjin is the name that rings the bell for most of them. It is one of many projects that make up the vast infrastructure supporting the modern metaverse. Enjin provides opportunities for creating NFT metaverse assets for people, companies, and developers, making it easier for them to engage in virtual activities. Enjin’s native cryptocurrency, ENJ, serves as the engine for the enterprise. There are several use cases for ENJ, which makes it a very important tool for thousands of people and businesses. Discover how charities can achieve more by using NOWPayments’ Enjin donations solutions.
- ENJ is an NFT-oriented cryptocurrency.
- ENJ can boost charities’ transparency and donor base.
- Accept ENJ coin donations via NOWPayments.
What is Enjin?
Companies and individuals may create next-gen NFTs and incorporate them into their projects via Enjin. The utility token of Enjin, the Enjin Coin (ENJ), is a cryptocurrency that exists on Ethereum. Users may manage their NFTs and cryptocurrencies on Enjin and take part in the rising digital economy. Many businesses have made considerable use of the platform, including Microsoft. The particular feature that makes ENJ stand out is the fact that all Enjin NFTs are backed by it. So, users can always melt their NFT back into ENJ. The maximum available quantity of the Enjin coin is 1,000,000,000 ENJ, and there are more than 180 thousand addresses that currently own it.
Why ENJ crypto donations are a great choice for charities?
Сharities always want to increase their donation inflow. Although there are many ways to achieve it, one sure solution involves providing as many people as possible with a method to make a donation. However, there can be regional restrictions with the popular donation options.
For instance, sending a money transfer from a foreign bank may take several days or simply not be available in certain regions. Moreover, people who reside outside of the countries where the charity has a presence usually refrain from making donations as a result of the lack of infrastructure to do it. However, charities may solve this problem by implementing ENJ coin donations. No matter how far the charity is from the donor, an ENJ transaction will reach it without delays and failures. ENJ and its infrastructure are accessible to every individual in the world, so they can easily send a donation to the charity of their choice.
For many people who actively donate to various charities, privacy is exceptionally important. In essence, some donors choose not to publicize their charitable activities because they do not want to attract unnecessary attention to their personalities. Bank transfers and other common donation options involve full disclosure of the donor’s financial activity to outside parties.
The details of their money transfers sent to charities may therefore become public knowledge. Because all ENJ transactions take place directly between two parties without the help of a third party, ENJ is a private means of donation. So, charities can make use of ENJ donations and provide them as an anonymous solution for supporting noble causes, while maintaining full confidentiality. The privacy offered by ENJ also may help those charities that operate in high-risk environments. Thus, anonymity may enable them to conceal their financial information from criminals.
The ENJ token is incredibly popular with cryptocurrency investors, especially those who specialize in NFTs and the GameFi market. As a result, many individuals pay careful attention to everything that happens in the Enjin realm. Every new addition to the list of ENJ use cases is a significant development that garners a lot of spotlight.
By using ENJ coin donations, nonprofits can bring a sizable portion of the Enjin community’s attention to the concerns of their organizations and the causes they promote. Many ENJ crypto investors are likely to decide to assist these non-profits in order to support a worthy cause and express their gratitude for the development of a new ENJ use case.
Low-cost money transfers
The amount of costs that donors and charities must cover to make and receive donations is a concern shared by all parties involved in donating. Bank transaction processing costs can be exorbitantly expensive. This discourages many people from making donations in the first place since they do not understand the point of spending $5 in fees to make a $5 donation.
Yet, there is no problem with fees in the case of cryptocurrency donations. You will often spend under $0.1 for an ENJ transaction. Moreover, given that Ethereum recently switched to Proof-of-Stake, it is possible that it will be much more affordable to send Enjin crypto transactions using the Ethereum blockchain than before. This implies that you can receive donations of Enjin coins without losing a significant portion of the total donation sum.
Every charity must be transparent. When you raise money for a cause, you must demonstrate that the hundreds of donations were truly put to good use. The Ethereum blockchain used by Enjin is ideal for maximizing the transparency of nonprofits’ financial sheets.
Since Ethereum is a public blockchain, anybody may access details about the transactions and public addresses that it carries. Every individual is able to see how much money has been raised and how much has been spent by a charity that uses Enjin coin donations. This can help organizations to build trust and earn credibility.
NFT fundraising campaigns
ENJ is primarily used for minting NFTs. This is a real opportunity for charities that want to find a creative way of raising funding for their initiatives. Basically, charities can create an NFT collection and then sell it to supporters, thus receiving sufficient funds for their projects.
Charity NFTs are an innovative fundraising technique that can help charities and non-profits easily generate publicity and attract people and media. Not many organizations have undertaken such a venture, so it is likely that the novelty factor will also contribute to the successful sale of your Enjin NFT collection.
How can charities accept Enjin donations?
NOWPayments is an ENJ payment gateway that processes both payments and donations in ENJ. The service offers extra convenience to its partners and their clients, enabling them to greatly facilitate the entire process of accepting cryptocurrencies. In order to deploy Enjin token donations, you can use one of the three tools:
- Those charities with a website may opt for a crypto donations button.
- Alternatively, they can place an ENJ donation widget on their websites or blogs.
- Charities may also share a donation link on social media and receive ENJ donations via it.
Let’s take a closer look at how to create an ENJ donation link:
- Create a NOWPayments account on the official website of the service;
- Pick ENJ from the drop-down list of currencies and enter your ENJ public address to which you would like to receive your donations;
- On the left sidebar, press “Payment Tools” and then “Donations;”
- Specify the elements which will be featured in your donation link (Donors’ names, phone, etc.);
- Come up with the end name of your crypto donations domain address and press “Save;”
- Copy and paste the link, so it actually works.
- Now, thanks to ENJ and NOWPayments, you will be able to receive donations in ENJ.
The Enjin currency’s characteristics make it a viable means of sending and receiving donations. Use NOWPayments to get ENJ crypto donations.
Learn more about Enjin and ENJ
- Ways to make your business grow with Enjin
- Enjin Efinity Metaverse overview
- How Enjin donations can boost your Twitch?
- Benefits of accepting Enjin coin on WooCommerce
- What is Enjin (ENJ)?
- Best ways to boost your business with Enjin
- Why pay salaries in Enjin
- Enjin (ENJ) and e-commerce plugins
- Top 10 Enjin (ENJ) influencers