Author: 1912212.eth, Foresight News

CoinList will start the Enso (ENSO) token sale on June 13. The ENSO FDV is $125 million, the total sale volume is 4 million, the unit price is $1.25, 100% will be unlocked at TGE, the purchase limit is a minimum of $100 and a maximum of $2.5 million, and the CoinList platform sales share accounts for 4% of the total tokens. Users who do not win the lottery will receive a refund in their CoinList wallet within 48 hours.

What is Enso

Enso integrates all blockchains into a unified network. Blockchain developers only need to integrate once to read, write and interact with smart contracts on any chain. Its founder is Connor Howe, who worked at Sygnum (digital asset banking group) and graduated from the University of Stirling.

In 2025, the real barrier to mass adoption will no longer be TPS, decentralization, storage, or block size, but the complexity of building real products on the chain. If developers cannot deliver products quickly, easily, and reliably, then the underlying performance indicators will be of no use.

Despite the gatekeepers in traditional app stores, the Google Play Store has 2.7 million apps, the Apple App Store offers 1.95 million, and Steam has over 101,000 games, while the permissionless environment of the crypto industry currently has only about 4,800 apps.

There are more than 1,000 blockchain frameworks in the crypto ecosystem, and Ethereum alone has deployed more than 41 million smart contracts. The complexity of integration has forced those teams that were originally full of innovation to become "integration experts" - they often need to invest more than $500,000 and spend more than 6 months of development time to do integration, and they cannot focus on what is really important: product development, community building, and user distribution.

In the past, it has been difficult to achieve rapid product-centric experiments in the Web3 space. In the Web2 ecosystem, platforms such as GitHub, Figma, and Unreal Engine allow users to easily share their creations and results, thereby achieving high reuse, low redundancy, and rapid product iteration.

Enso has built such infrastructure for developers in Web3 - it integrates all blockchain data, chains and smart contracts into a powerful network. With Enso, developers have greatly shortened the construction cycle from more than 6 months to less than 1 week.

Operation Logic

The Enso network covers the entire ecosystem for reading data and executing on-chain operations. Enso builds a decentralized, open network that enables developers and AI agents to contribute data sources and smart contract information required for execution. Enso can access all the latest ecological developments through tools, enhance developer stickiness, and convert new Web3 developers into Enso users.

Similar data contribution models have been successfully operated in Web3, such as The Graph (GRT, market value of $924 million, FDV $1.04 billion), which focuses on data acquisition services. Currently, GRT ranks 78th in market value. Enso not only provides data capture capabilities, but also has transaction execution capabilities. Its performance after launch is worth looking forward to.

The Enso network is driven by three core groups of participants:

• Action Providers: Contribute modular contract abstractions.
• Graphers: Develop complex algorithms that combine multiple operational modules to meet specific requests.
• Validators: Responsible for verifying the security and efficiency of the solution and ensuring the reliable operation of the network.

Token Economics

The total amount of ENSO is 100 million, of which 25% is allocated to the team, 31.3% to investors, 23.2% to the foundation, 1.5% to consultants, and 15% to the ecological treasury.

Generally speaking, VC token allocation of 20% is within the normal range, but the share of ENSO tokens allocated to VC this time is as high as 31.3%, which is easily associated with VC coins by the community. According to Rootdat, the project completed a $5 million financing as early as April 2021, led by Polychain Capital, and participated by Multicoin Capital, Cyber Fund, Spartan, etc. In June 2024, Enso raised another $4.2 million, with Hypersphere Ventures and others participating.

In terms of token functionality, ENSO has four main uses:

• Query Fees: Every request to the Enso network will incur a fee. A fee mechanism is embedded in the initially generated bytecode, and these fees are settled in ENSO tokens through auctions and distributed to various participants in the network.
• Network Governance: Enso token holders can participate in the future governance of the network, such as system upgrades, reward distribution, and key infrastructure decisions.
• Verification mechanism: Validators play a key role in ensuring network security, auditing contributions and network changes. ENSO holders can delegate tokens to professional node operators distributed around the world to further enhance the decentralization and resilience of the network.
• Staking mechanism: ENSO holders can provide stronger economic security for the network by staking.

The official roadmap shows that Enso will hold TGE in Q3 of this year.