The Philippine Digital Asset Exchange (PDAX), on November 17, has disabled the buying of Enjin (ENJ) on its platforms as ENJ transitions to its native blockchain. Currently, you can still receive ERC-20 version of ENJ through your PDAX wallets, and you can still send ENJ in ERC-20 to other wallets.
Here’s what you need to know:
ENJ’s migration to its native blockchain is poised to realize the initial goals of both Enjin and Efinity, namely, ensuring widespread accessibility to NFTs. The Enjin-Efinity communities will be merged, and the entire ecosystem will operate on a singular unified token, namely, ENJ.
- Efinity Matrixchain is set to be formally incorporated into Enjin Matrixchain as the inaugural matrixchain within the Enjin Blockchain ecosystem, following the successful referendum conducted in June.
- The transition of Enjin Coin (ENJ) from ERC-20 to the Substrate-based Enjin Blockchain will occur at a 1:1 ratio, and the exchange of Efinity Tokens (EFI) to ENJ will follow a 4:1 ratio.
- Key features of the Enjin Blockchain will be operational, encompassing governance and staking, fuel tanks, managed wallets, and more.
- To ensure a seamless user experience, the Enjin Blockchain will seamlessly integrate with the Enjin app layer, including Beam, Enjin Wallet, NFT.io, and the Enjin Platform.
What happens to my ENJ assets on PDAX?
No need to worry about your ENJ assets. You can still receive the ERC-20 version of ENJ through your PDAX wallets. Similarly, you can still send ENJ in ERC-20 to other wallets.
PDAX users will still be allowed to sell, deposit, and send ENJ in ERC-20.
I have questions about my assets. Who do I reach out to?
Our customer success representatives are always happy to help! Head to support.pdax.ph to request for assistance.
DISCLAIMER: Philippine Digital Asset Exchange (PDAX), Inc. reaffirms that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.
External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality or content of said links.
For inquiries or complaints, please contact us through the following channels: Chatbot: https://pdax.ph or https://web.pdax.ph/ (click webchat feature); ‘Customer Support’ webpage at https://support.pdax.ph; Email: support@pdax.ph. Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the order and/or transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name.
The Philippine Digital Asset Exchange (PDAX) Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels: Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph (click webchat feature); Facebook: https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087; Trunk Line: (02) 8708 7701 loc. 2584; or SMS: 21582277 (for Globe subscribers only). For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.