Enjinstarter’s native ecosystem token, $EJS, is now trading on BitMart exchange
Singaporean Web3 launchpad Enjinstarter announced that its native $EJS token is now available for trading on the cryptocurrency exchange Bitmart.
The listing comes on the heels of a strong 3-month run for the token in which it saw its value increase by 30%. The company is currently conducting a successful expansion into the Middle East and North Africa region with more project launches scheduled.
Prakash Somosundram, co-founder and CEO of Enjinstarter, said, “We are really thrilled to be seeing positive momentum with $EJS, and it is fantastic that it’s now available to even more users worldwide. Ultimately, the token is just a small part of a much bigger EJS ecosystem, but token holders via participation in our launches and community really stand to benefit from everything the EJS team is working on to grow the Web3 space.”
The $EJS token is the gateway to the company’s Web3 launchpad. Holders are able to stake their tokens in exchange for access to Initial Decentralised Exchange Offerings (IDOs) and Initial Node Offerings (INOs). The more $EJS tokens staked, the greater their allocation of tokens in new projects, incentivising holders to stake EJS.
Since its launch in 2021, the Enjinstarter platform has helped fund and launch over 70 projects such as Age of Tanks, PathDAO, and HealthHero in the Web3 landscape.