Enso logs in to CoinList, is there still room with over 100 million USD FDV?

Author: 1912212.eth, Foresight News

CoinList will launch the Enso (ENSO) token sale on June 13th. The ENSO FDV is $125 million, with a total sale volume of 4 million tokens, and a unit price of $1.25. 100% will be unlocked at TGE, with purchase limits set at a minimum of $100 and a maximum of $2.5 million. The CoinList platform's share of the sale accounts for 4% of the total token volume, and 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, Connor Howe, previously worked at Sygnum (a digital asset banking group) and graduated from the University of Stirling.

In 2025, the real barrier to widespread adoption will no longer be TPS, decentralization, storage, or block size, but rather the complexity of building real products on-chain. If developers cannot deliver products quickly, easily, and reliably, then no matter how good the underlying performance metrics are, it will be of no use.

Despite the various "gatekeeping" mechanisms present in traditional app stores, the Google Play Store still has 2.7 million apps, the Apple App Store offers 1.95 million, and there are over 101,000 games on Steam. However, in the permissionless environment of the cryptocurrency industry, there are currently only about 4,800 applications.

Enso logs into CoinList, is there still room for over 100 million USD FDV?

There are over 1,000 blockchain frameworks in the crypto ecosystem, with Ethereum alone having deployed over 41 million smart contracts. The complexity of integration has forced teams that were originally full of innovation to become "integration experts" — they often need to invest over $500,000 and spend more than 6 months of development time on integration, rather than focusing on what truly matters: product development, community building, and user distribution.

The Web3 space has historically struggled to achieve product-centric rapid experimentation. In the Web2 ecosystem, platforms like GitHub, Figma, and Unreal Engine enable users to easily share their creations and results, leading to high reuse, low redundancy, and rapid product iteration.

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

operation logic

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

There have been similar data contribution models successfully operating in Web3, such as The Graph (GRT, market cap of $924 million, FDV of $1.04 billion), which focuses on data acquisition services. Currently, GRT ranks 78th in market cap. Enso not only provides data scraping capabilities but also has trading execution abilities, and its performance after launch is worth looking forward to.

Enso logs into CoinList, is there still room for over 100 million USD FDV?

The Enso network is driven by three core participants:

  • Action Providers: Contribute modular contract abstractions.
  • Graphers: Developers of complex algorithms who integrate multiple operational modules to meet specific requests.
  • Validators: Responsible for verifying the security and efficiency of solutions to ensure the reliable operation of the network.

Token Economics

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

Enso logs into CoinList, is there still room for over 100 million USD FDV?

Generally speaking, the VC token allocation of 20% is considered normal, while this time the allocation of ENSO tokens to VCs is as high as 31.3%, which can easily be associated by the community as VC coins. According to Rootdat, the project completed a $500,000 financing round in April 2021, led by Polychain Capital, with participation from Multicoin Capital, Cyber Fund, Spartan, and others. In June 2024, Enso raised another $4.2 million, with participation from Hypersphere Ventures and others.

In terms of token utility, ENSO mainly has four uses.

  • Query Fees: Each request to the Enso network will incur a fee. The initially generated bytecode will embed a fee mechanism, and these fees will be settled in ENSO tokens through an auction format, distributed to various participants of 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 contributed content, and network changes. ENSO holders can delegate tokens to professional node operators distributed globally, further enhancing the network's decentralization and resilience.
  • Staking Mechanism: ENSO holders can provide stronger economic security for the network through staking.

Enso logs into CoinList, is there still room for over 100 million USD FDV?

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

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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