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Enigma is a privacy protocol - a critical technology that solves the two biggest issues for blockchains: scalability and privacy. Based on our co-founder’s MIT thesis, the Enigma protocol is a second-layer network for private, distributed computations. With Enigma, “smart contracts” become “secret contracts,” where data is kept hidden from nodes in the Enigma network that perform computations. This functionality is essential for protecting sensitive data and creating truly decentralized applications. The Enigma protocol can have important applications across industries, including data marketplaces, finance, healthcare, credit, and identity. ENG is a utility token that powers computations across the Enigma network and applications built on the Enigma protocol.
Token Status and Distribution
50% to contributors
25% for incentive pool (network, partners, community)
25% retained by Enigma reserves, team members, and advisors
Total Supply: 150000000
ICO price: $0.60