Enecuum

Enecuum is an innovative solution that is bringing forward advances in a number of areas related to smart contracts, consensus algorithms and DAG technology. However, the project can be expected to lag behind the enterprise solutions offered by IBM, Microsoft, and SAP in terms of business adoption, while a project like Aergo which is backed by an established company in Blocko will also prove tough to outdo in terms of initial business development. As a result, the Enecuum team will be forced to be innovative when it comes to drumming up a committed user base for their platform and to aggressively pursue potential business partners and early adopters.
Despite this, the team contains strong performers such as Jason Lee, Jev Vainsteins, and Adrian Guye who have significant experience of working for organizations such as BNP Paribas, JP Morgan, Huawei, and Canonical. In addition, the presence of advisors that represent investment groups is a major plus as AlphaChain, GEM Capital, and iCapital have made their presence known, while advisors with links to Interfacemax, and Juno Capital are also present. This body of advisors should help the team to raise a crucial amount of funds and also to make key connections in the blockchain business world.
The project has decided on an emission model for their ENQ Token which sees only 13.8% being made available during the Token Sale while 70% is being reserved for miners. As a result, potential token sale and network participants need to familiarize themselves with the project’s three stage process whereby 30% of the total emission of ENQ will be pre-mined by the Enecuum development team with a further 30% of the total ENQ emission being made available for minors over a five-year period. The final 40% will then be made available to miners and will not be subject to any timing cap.
As a result, the project’s hard cap of just under $24 million for slightly below 600 million tokens, and fully diluted valuation of at least $172,972,800 mean that this project may best be suited to individuals interested in participating in mining the vast majority of ENQ tokens. The high cap and lack of a solid business development program make this a project for more speculative investors, while the mobile mining opportunities may suit more conservative members of the community.
This project took a long time to verify as the key info is spread across different publications. The hard cap is way too high and I don’t expect the platform to gain any traction for a while. However, the funds and high profile advisors could pull out some tricks. Finally, as 70% of tokens will be made available for mining, the team can dominate the PoS process and mobile mining is still to be confirmed as a viable option.