OUR WEBSITE | OUR BLOG | OUR TWITTER | OUR SLACKToken Sale: August 2017
Slack AMA about our Token Sale: Monday, July 17, 2017 12:00PM Pacific Time
BOUNTY PROGRAM TO BE ANNOUNCED THIS WEEK!
An Introduction to Enigma Catalyst
Catalyst is a platform for crypto-focused traders, data curators, and investors.
It is a platform that empowers anyone to build their own crypto hedge fund and participate in the coming Renaissance of the financial ecosystem. Our vision is to enable developers to build winning investment strategies, a strong track record and attract investment from community investors. Catalyst is a playground where developers, quants, and experienced traders can easily build, simulate, and eventually live trade cryptocurrencies using sophisticated programmatic strategies. Regular investors can then invest directly in winning strategies through our system. With this, were hoping to make smart-investing in this new emerging asset class accessible to everyone.
The Catalyst Protocol
Catalyst is also a protocol to bridge existing and future exchanges into a single, decentralized system that is fast, scalable and most importantly keeps users in control of their funds. Our goal is to disrupt the technology driving exchanges (and crypto-trading in general) in much the same way that the Lightning/Raiden networks are set to disrupt payments. This is a necessary step, as current centralized exchanges have a history of halting payments and worse losing assets under their custody. Similarly, recently introduced decentralized on-chain exchange protocols lack the low-latency characteristics to support any practical trading infrastructure let alone a high frequency one.
TEAMADVISORS
The ECAT Token - Catalyst's native token
We believe that to be successful, native tokens should have real utility you should never create a token just because you can, and you should not invest in any token whose purpose you cant understand. It is important to us and to our community that ECAT serve a critical and transparent purpose for all stakeholders.
Most generally, Catalyst tokens are used to reward creation by and for the community (e.g. trading strategies, data sources) and are consumed when community members access premium services on the platform.
Right now we are focusing on four main token dynamics:
1. Quant-trading platform. High performing trading strategies will be rewarded with Catalyst tokens through periodical competitions. Developers will be required to spend Catalyst tokens to be eligible to attract investments.
2. Data marketplace. Consuming Catalyst tokens will provide access to premium data sources. Similarly, data curators will charge community members via Catalyst tokens.
3. Investment platform. Users who invest in trading strategies will have to consume Catalyst tokens. The management and performance fees that traders charge will also be based on Catalyst tokens.
4. Catalyst Exchange. Liquidity providers running our exchange protocol will be given Catalyst tokens proportional to their contribution to the liquidity pool.
The ECAT Token Sale
Timing:
The token sale will take place in mid-August. An exact date will be announced in this thread, in a blog post, and across all of our social channels.
Token Distribution:
We are creating a fixed supply of one hundred million (100M) tokens, to be allocated as follows:
- 50% to be made available in the initial token sale (to be used only for operations)
- 30% retained as incentives for the Catalyst community
- 10% distributed to the Enigma team and advisors (current and future)
- 10% retained by Enigma
Use of funds:
Funds raised through the token sale will be used as follows:
- 60% for product and technology development
- 15% for blockchain research
- 10% for operations
- 10% for marketing purposes
- 5% for legal and administrative costs
Mechanics of Sale:
Our primary goal for the sale is to have a wide distribution of ECAT tokens. After studying many successful token sales, we saw that having a wide distribution of tokens is key to a cohesive community and to the long term success of the project.
We are considering a tiered sale approach that was first introduced by our friends at Civic to make sure everyone who wants to contribute in our token sale gets a chance. Exact details on the tiers will be released closer to the token sale date. ECAT token sale will only accept Ether and participants will need to create an ERC-20 compliant wallet. MyEtherWallet (web wallet) and desktop wallets such as Parity, Mist can be used to receive ERC20 compliance ECAT tokens after the token sale. No lock-up period will be required for the tokens after the sale.
BOUNTY PROGRAM TO BE ANNOUNCED THIS WEEK!Please follow us on Twitter and join our Slack to stay informed!Please visit our website to learn more about the product!OUR WEBSITE | OUR BLOG | OUR TWITTER | OUR SLACK 