Enigma Catalyst: Alternative Blockchain for Algorithmic Trading, Data Curation and Machine based Crypto Asset investment platform

  • Scheduled Token Sale September 11, 2017
  • Open Source Crypto Data Marketplace
  • Uses interconnected Blockchains to facilitate cross-chain atomic swaps

Enigma Catalyst

What is the Enigma Catalyst Project?

An MIT based team have developed a machine-based investing platform and infrastructure for crypto-assets. This off-chain decentralized exchange protocol called the Enigma Catalyst project will function as data driven crypto investment platform that will aim to side-step on-chain performance bottlenecks by routing orders through off-chain payment channels and using hashed timelock contracts (HTLCs). This method is currently adopted by the Lightning and Ethereum’s proposed Raiden Network. This design allows users to make fast, cross-chain transfers while maintaining full custody of their assets.

The Catalyst project powered by the Enigma data marketplace protocol when full developed will empower users to share and curate data and build profitable, data-driven investment strategies. At the general level, Catalyst will allow anyone build their own crypto hedge fund.

According to the CEO and Co-Founder of the Enigma and Catalyst Project, Guy Zyskind,

“Catalyst is basically going to be a one-stop shop for developers and quants where they can, in just a few minutes, consume data that we in the community will provide around crypto markets. They can then use that to build trading strategies and test them in simulated way, so you don’t risk any money. Then start actual live trading.”

In a nutshell, Catalyst focuses on matching curators of financial data with the biggest consumers of financial data – traders and investors.

In its fullness, the Catalyst project will adopt modified Quantopian and Zipline technologies to offer open source algorithmic trading strategies for use in the cryptocurrency ecosystem.

Announcing the Enigma Catalyst (ENG) Token Sale

To further consolidate access to data sources on the decentralized Enigma Catalyst Data Marketplace, a native token, ENG was created. These tokens will be used to create demand in the data marketplace by rewarding quants with winning strategies, but in the short term, it will be used to provide the right incentives to grow and ensure stability of the network. More information on the development and use case of the ENG Token can be found HERE.

The ENG Token which will primarily provide access rights is scheduled to go on sale on from September 11, 2017. Based on the Ethereum Blockchain, the ENG token has a total supply of 100 Million tokens out of which 50 million token are available for this initial round of token crowdsale.

The breakdown of the Token distribution and ICO details for the 100 million ENG tokens created is summarized as follows;

  • 50% to be made available in the initial token sale (to be used only for operations)
  • 25% retained as incentives for the Catalyst community
  • 25% distributed to the Enigma team and advisors (current and future) and retained by Enigma
  • 60% for product and technology development
  • 15% for Blockchain research
  • 10% for marketing purposes
  • 10% for operations
  • 5% for legal and administrative costs

ICO Details

Who can Participate – Everyone

Estimated Token sale Start Date – September 11, 2017

Estimated Maximum investment Cap – 30 million USD

Estimated Minimum investment Cap – 10 million USD

Accepted currencies   –    ETHER

Sale Strategy – Tiered Base Approach

Lock up Period – None

Compliant ENG Wallets – Parity & Mist

The Enigma Catalyst project promises to revolutionize data consumption and utility especially in the crypto sphere. For more info on how to participate in the token sale, visit or subscribe to the enigma mailing list at www.enigma.co or follow the community on Slack.

Credit – ibtimes.co.uk

elprinz

Author: elprinz

I have been in the Cryptocurrency ecosystem for about three years. My passion for this niche of financial tech space inspires me to share with you all I can in the world of Cryptocurrency, Blockchain and financial technology.

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