Enso Finance

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15 Apr 2021 - 07 Aug 2024
Easy High Reward Hot Epic Limited

The Enso intent engine is the world’s first shared network state for building transactable data across any blockchain framework. It aims to enable developers to build products that interact with any Smart Contracts on any blockchain framework with ease.

From its funding rounds, the project has successfully raised $9.2M ($5M from and $4.2M from another  from reputable backers, including Polychain Capital, The LAO, Multicoin Capital, Spartan Group, Hypersphere Ventures, and others.

On June 20, 2024, it was announced that Enso Finance would launch its token on the Coinlist Community Auction. The token was launched on July 31, 2024, 17:00 UTC. on will last till August 7, 2024, 17:00 UTC.

CoinLaunch Score: Very High
Last update: 07 Nov 2023

Enso Finance - WAITLIST Overview

Ticker: ENSO
Start Date: 15 Apr 2021
End Date: 15 Apr 2021
Country: +41
Whitelist: Yes
KYC: Yes
Bounty: Yes
MVP: Yes
Security Audit: Yes
Raise Fund: $49,200,000
Block Chain:
BNB
Industry:

Enso Finance - Review

Enso is a network that abstracts all Smart Contract interactions on Rollups, AppChains, and blockchains. This concept makes it easy for developers to embed the whole ecosystem in their applications through intents without having to worry about the underlying complexities, empowering chain abstraction and modularity without the overhead of manually integrating every Smart Contract and framework.

 

Applications use Enso as the central hub for accessing transactable data to offer their users the decentralized ecosystem at their user's fingertips with the most optimal execution. With the nature of Enso being the full library of Smart Contract abstractions, new primitives for user experience are being built using Enso that propel blockchain usage as a whole.

 

By turning user requests into intents, and Enso mapping every Smart Contract interaction with their relationship to other Smart Contracts; Enso inherently connects all of crypto in one unified place to be consumed easily.

 

Fundamentals

  • Shared network state

A universal map of all Smart Contracts across all blockchain frameworks enabling seamless execution and data consumption.

  • Intent expression

Developers and users express their desired outcome without the need to build manual blockchain or Smart Contract integrations.

  • Best execution

Intent solutions encompass the best gas and route execution for the requester.

  • Decentralized, and collaborative

Action providers contribute to the network, graphers build calldata, and validators secure the network.

 

Use Cases

The Enso network builds transactable data used for execution, and can also be consumed for fetching data for an associated smart contract on any blockchain framework. It is an all seeing, and aware network.

Users can build however, wherever, and whatever using Enso.

Below are a few examples of products we see being built consuming only data on the Enso Network:

  • DeFi metadata API
  • NFT metadata API
  • Large language models for data harvesting and analysis
  • Smart contract interaction data analytics
  • Google maps for smart contracts
  • Interpretation and contextualization of on-chain information
  • and many more

Below are a few examples of products we see being built consuming only for transactable data on the Enso Network:

  • AI execution bot to act on a consumers behalf
  • Smart contract interaction automation
  • DePIN consolidation
  • Swap aggregator
  • Lending aggregator
  • NFT aggregator
  • Cross chain bridge aggregator
  • and many more

Network participants

  • Graphers: Individuals who build algorithms to solve consumer requests on the Enso Network
  • Action Providers: Developers who publish smart contract abstractions on the Enso Network
  • Validators: Participants who secure the Enso Network by validating solutions and maintaining integrity

🤑 Enso Finance has its native token $ENSO. On June 20th, 2024, the Enso Finance project announced the Token Launch on the upcoming Community Auction on Coinlist. The launch date will be confirmed later.

 

✅ Enso Finance’s pros:

  • Token launch on Coinlist;
  • Has reputable (Tier 1) backers and partners;
  • Above-the-average SMM coverage;
  • Good PR performance;
  • Not bad Search Engine Optimization;
  • The project has 5 Security Audits (one of them from Tier 1 Audit Company - Chainsecurity);
  • Team participates in a huge number of AMA sessions, interviews and conferences.

📛 Enso Finance’s cons:

  • No public tokenomics yet;
  • No clear roadmap was presented by the team;
  • Weak Marketing Infrastructure;
  • Poor Influencer Marketing;
  • Bad Growth Marketing performance.

Enso Finance - Token Economy

Total Raise: $49,200,000
Pre Sale: 31,840,000 (31.84%)
FDV: $800,000,000
Total Supply: 100,000,000
Public Sale: 5,000,000 (5%)
Initial Circulation Supply: $49,992,000 (6.25% of FDV)

Enso Finance - Token Sale Rounds

Price: $8
Tokens for sale: 5,000,000
Raise: $40,000,000
Lock-Up: Enso Finance
Start Date:

06 Aug 2024

End Date:

10 Sep 2024

Enso Finance - Team

Rahul Sharma

Connor Howe