FREQUENTLY ASKED QUESTIONS - Enigma Catalyst

Official Telegram: t.me/enigmacatalystann

Official Twitter: twitter.com/enigmampc

Official Facebook: facebook.com/enigmacatalyst

Official Slack: enigma.slack.com

What is Enigma? What is Catalyst?

Enigma is building a decentralized, open, secure data marketplace that will change how data is shared, aggregated and monetized to maximize collaboration. Catalyst is our first product and the first application running on our Enigma protocol. Powered by our financial data marketplace, Catalyst empowers users to share and curate data and build profitable, data-driven investment strategies.

When is the Token Sale? How long will it be?

The Enigma token crowdsale begins on September 11, 2017 at 6AM Pacific Time (California) and runs through September 16 or until hard cap is reached. We will accept ETH or BTC.

What is the structure of the token sale, and how can I contribute?

Please read more about the token sale structure here: https://blog.enigma.co/enigmas-token-sale-full-details-4d70c56510ba

What is the hard cap? What is the token price?

The hard cap is $45M. 75M ENG tokens are being sold at a price of $0.60. There are 150M total ENG tokens.

When was the Presale?

The presale is closed. Minimum buy-in was USD100K or equivalent in crypto. You must have been an accredited investor to participate in the pre-sale.

Is there a minimum investment amount for the crowdsale? Are there discounts?

The minimum investment for the crowdsale is $60USD, or 100 ENG. There will be no discount or bonus offered during the crowdsale.

When will ENG come to market/exchanges? Do we have partnerships with exchanges yet?

We are already in conversation with some highly respected exchanges. We can’t disclose any details at this time, but rest assured we are doing everything in our power to get listed. It's in our best interest as well as the community's.

What is the difference between Enigma and Catalyst?

We further explain the relationship between Enigma (the company and data marketplace) and Catalyst (our product) in our recent blog post series. Read more here.

What is the utility of the token?

Right now we are focusing on two main token dynamics:

  • Primary: ENG is used to access data sources on the decentralized Enigma Catalyst Data Marketplace. Payment is on subscription level.
  • Secondary: ENG tokens are used for incentives to grow and ensure stability of the network. ENG tokens are used to create demand in the data marketplace: Reward tokens are provided to quants with winning strategies. This incentivizes more quants to come on the platform and consume data to refine their strategies and gain an edge.

Is Enigma VC funded? Are there people working on it full time?

Enigma has backing from major VCs including Floodgate, Flybridge, Digital Currency Group, and others. We have 4 full time employees. Our team and investors can be found on our homepage: www.enigma.co

Is your project open sourced?

You can view our code at www.github.com/enigmampc.

How is Enigma MPC affected by the SEC declaration?

We are working with legal council Cooley to ensure that the sale and use of ENG is compliant with US laws including regulations related to the sale of securities. We believe in fostering a culture of compliance within our company and the industry at large

Is the token sale open to US investors? Was the presale?

Yes.

Where can I get help setting up the Alpha?

You can get help from our team and from other traders and developers in the #dev channel on our Slack. If you’re not a member already, visit slack.enigma.co.

How do we get on the whitelist for the ICO/PreSale?

Note: The whitelist and waitlist are now closed.

The whitelist was open to members of our community and guarantees participation in the token sale. You do not need to be whitelisted to participate.

Please read more on our blog here: https://blog.enigma.co/enigmas-token-sale-full-details-4d70c56510ba

When will tokens be distributed from the token sale?

There will be up to 3-4 weeks between the token sale and distribution. We've been advised that this is the best way to ensure the distribution is smooth for everyone who contributed.

What is the difference between Enigma and Numer.ai?

The main difference is that Numerai is a fund, while we are a platform. Numerai uses predictions from the community to make their own investments. We give community the tools to allow our users make their investments and hence capture their own upside.

How do we connect with Enigma on social media?

Please follow us at @EnigmaMPC or on Medium.