CoinList will launch the Enso (ENSO) token sale on June 13. The ENSO FDV is $125 million, with a total sale volume of 4 million tokens at a unit price of $1.25. 100% will be unlocked at TGE, with a purchase limit of a minimum of $100 and a maximum of $2.5 million. The CoinList platform sale accounts for 4% of the total token supply, 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 quickly, easily, and reliably deliver products, then no matter how good the underlying performance metrics are, it will be of no use.

Despite the various “gatekeeper” mechanisms 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 crypto industry, there are currently only about 4,800 apps.

There are over 1,000 blockchain frameworks in the crypto ecosystem, with more than 41 million smart contracts deployed on Ethereum alone. The complexity of integration forces originally innovative teams to become “integration experts”—they often need to invest over $500,000 and spend more than 6 months in development time to integrate, instead of focusing on what truly matters: product development, community building, and user distribution.

The Web3 field has historically struggled to achieve rapid experimentation centered around products. In the Web2 ecosystem, platforms like GitHub, Figma, and Unreal Engine enable users to easily share their creations and results, thereby achieving high reusability, 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 reduce their build cycle from over 6 months to less than 1 week.

operating logic

The Enso network covers the entire ecosystem for reading data and executing on-chain operations. Enso builds a decentralized and open network, allowing developers and AI agents to contribute the data sources and smart contract information needed for execution. Enso can access all the latest ecological developments through tools, enhancing developer engagement 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 USD, FDV of 1.04 billion USD), 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 capabilities, and its performance after launch is worth looking forward to.

The Enso network is driven by three types of core participants:

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

Tokenomics

The total amount of ENSO is 100 million pieces, 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.

Generally speaking, VC token allocation in the range of 20% is considered normal, while this time the ENSO token allocation to VCs is as high as 31.3%, which can easily be associated with VC coins by the community. According to Rootdat, the project completed a financing of 500 million USD 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 USD, with participation from Hypersphere Ventures and others.

In terms of token functionality, 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 and distributed to various participants in 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 contribution 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.

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

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